Animoca’s Robby Yung on the rise of web3 mobile games in 2024

As the year comes to an end, we’re asking some of the key members of the blockchain gaming sector what they thought about what happened in 2023, and what they expect in 2024. You can check out all our interviews in this series here.

Robby Yung is the CEO of Animoca Brands, one of the most active investors and ecosystem companies in the blockchain gaming sector.

What was the most significant news of 2023?

Honestly, I think this is a very difficult question, as naming just one is particularly hard. In terms of impact on the web3 space generally, I would say the SEC announcing lawsuits against Binance and Coinbase would probably be the single event that was the most impactful, having a chilling effect on US-based web3 businesses for months thereafter. 

How did the focus of your business change this year?

For us, I think the biggest focus during 2023 was to really lean into interoperability and encourage our studios and investees to collaborate with each other, sharing IP, etc.

Mocaverse

Ultimately, Mocaverse is kind of the pinnacle of this, as it was designed as an interoperability layer (through ID) for the companies we’re connected to. 

What do you predict will be the most important trends in 2024?

For 2024, I think there will be a number of trends. For gaming, AI will continue to streamline the development process. I think AI will also start to facilitate interoperability. We’re also starting to see more and more web3 games on mobile, and this trend will only accelerate. 

What was your favourite blockchain game of the year?

My favourite game this year was actually a suite of games, and it was ARC8 from Gamee. The reason is that, despite being around games all the time, I’m actually a very old-fashioned gamer (showing my age), and so I love casual arcade style games, and I appreciate the convenience of mobile, so they’re perfect for me. 

What’s your New Year’s resolution and what resolution would you enforce on the industry?

My new year’s resolution is to spend more time reading books – something I’ve done less of in recent years.

In terms of the industry, I think its new year’s resolution should be to wake up fresh on January 1st and just approach 2024 as a new year and we’ll all be fine. I daresay that I can feel a hint of momentum picking up at the moment, and I hope this continues through the holiday period 😉 

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