Animoca Brands CEO Robby Yung says investors have changed their requirements for prospective Web3 gaming investments during the cryptocurrency market downturn.
Animoca Brands CEO Robby Yung says investors have been more discerning when allocating capital to Web3 gaming projects during crypto winter.Investing in Web3 gaming has required a greater level of due diligence through a testing cryptocurrency bear market, according to Animoca Brands CEO Robby Yung.
Yung added that the stage of development of prospective projects that Animoca Brands considers investing in is typically more mature when compared to the standards it had a couple of years ago. “You have to have an alpha build. Ideally, you have some kind of user testing out there when you first go out and look for external capital. It's very difficult to raise just on the basis of the business plan in this market.”
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