FinTech news in Sky Mavis category

Internet insurance and the web3 world might seem to have little overlap, but Lau’s involvement in art — sitting on the board of Asia-based projects for Tate and Guggenheim Museum — could serve Animoca well as the art industry has been keen to embrace the metaverse and NFTs.

But just eight years ago, Siu co-founded Animoca Brands, a prolific software and VC company that has invested in over 220 portfolios across blockchain gaming, NFTs, decentralized finance, and the metaverse, among other sectors, he told journalist. Animoca Brands has grown into one of the biggest firms in the metaverse, play-to-earn gaming, and NFT worlds.

The ether and USDC deposits on Ronin were drained from the bridge contract, but the network is working with stakeholders from Axie Infinity and its parent company Sky Mavis to determine the best move forward so no user funds are permanently lost, it said.