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Former Tencent Insurance Company Boss Joins Web3’s Powerful Animoca Brands-TechCrunch

Former Tencent Insurance Company Boss Joins Web3’s Powerful Animoca Brands-TechCrunch

Admin | Post Tuesday, 19 July 2022 - 04:22 PM | 85

Animoca Brands, a Hong Kong-based gaming company and investor behind web3 big names such as The Sandbox, Sky Mavis, Dapper Labs and OpenSea, has boosted talent.

Alan Lau, Former CEO and Chairman Tencent?s in-house insurance agency WeSureJoined Animoca as Chief Executive Officer of Lau?s LinkedIn page show..

Starting as a mobile game developer in 2014, Animoca has become one of the most active web3 investors in the world in recent years. Over 300 Companies-Both Centralized and Decentralized.. As Chief Executive Officer, Lau oversees Animoca?s portfolio companies, leads mergers and acquisitions, and engages in business development, his profile states.

The world of internet insurance and web3 may seem almost non-overlapping, but Lau?s involvement in art (participating in the board of directors of Tate and the Guggenheim Museum?s Asia-based project) could help Animoca. there is. NFT. Lau?s experience running a consumer internet platform with over 100 million registered users at WeSure could also help manage a large portfolio of startups.

We asked Animoca Brands for comment.

Lau isn?t the only Tencent veteran to switch to web3. Benny HoPreviously, he had an investment agreement for Tencent?s game units, but now he is responsible for business development for Animoca.

With more than 700 employees worldwide, Animoca Brands has been valued at over $ 5 billion after a $ 360 million funding round. Announced in January.. As of April, the portfolio was valued at over $ 1.5 billion with 340 investments. Financial reportingAnd its balance sheet had $ 98 million in cash and $ 211 million worth of digital assets at the time.