Animoca Brands Plans to Push for U.S. IPO Next Year

According to Foresight News, citing The Block, Animoca Brands plans to go public on Nasdaq next year through a reverse merger with Currenc Group, a Singapore-based fintech and AI solutions company. Earlier today, it was reported that Animoca Brands' Chief Strategy Officer Keyvan Peymani stated in an interview with CNBC that the company plans to expand its portfolio of approximately 600 companies next year, focusing on areas beyond gaming. The targets include artificial intelligence, DePIN, DeFi, gaming, and stablecoins. Currently, gaming remains the largest category in Animoca Brands' portfolio, with 230 out of the 628 companies it has invested in being related to gaming.