Animoca Brands Shifts Focus To Non-US Markets After SEC Labels SAND Token A Security

Animoca Brands Shifts Focus To Non-US Markets After SEC Labels SAND Token A Security


Published Friday 9th June 2023

Animoca Brands, a Hong Kong-based blockchain unicorn, has announced a shift in its focus to non-US markets after the Securities and Exchange Commission (SEC) labeled its SAND token as a security. The move came after the SEC targeted several exchanges, including Binance and Coinbase Global, for trading unregistered securities. Despite the allegations, Animoca remains unfazed and continues to focus on global expansion.

Animoca is a leading developer and publisher of blockchain games and digital entertainment. The company's mission is to leverage blockchain technology to create innovative and engaging gaming experiences. Animoca has a portfolio of popular games, including The Sandbox, F1 Delta Time, and Crazy Defense Heroes.

The SEC's decision to label SAND as a security has forced Animoca to shift its focus away from the US and towards non-US markets. The move is part of the company's broader strategy to expand globally and tap into new markets. Animoca is currently exploring opportunities in Asia, Europe, and the Middle East, and has recently signed several partnerships with companies in these regions.

Despite the SEC's allegations, Animoca remains confident in the future of blockchain technology and its potential to revolutionize the gaming industry. The company believes that blockchain technology can enable new levels of transparency, security, and player ownership in gaming, and is committed to driving innovation in this space.

Animoca's decision to expand globally comes at a time when the gaming industry is experiencing unprecedented growth. The global gaming market is expected to reach $256 billion by 2025, driven by the rise of mobile gaming and the increasing adoption of blockchain technology. Animoca is well-positioned to capitalize on this trend and become a leader in the blockchain gaming space.

In conclusion, Animoca Brands remains committed to its mission of leveraging blockchain technology to create innovative and engaging gaming experiences. Despite the SEC's decision to label its SAND token as a security, the company remains focused on global expansion and tapping into new markets. With the gaming industry experiencing explosive growth, Animoca is well-positioned to become a leader in the blockchain gaming space.

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