Animoca Brands was originally supposed to release the report by the end of 2022, but received an extension into 2023.
the delay on crypto market turbulence in 2021 and 2022, as well as putting blame on the 2020 global pandemic.
"We want to thank all of our shareholders for their patience," co-founder and Chairman Yat Siu said in a letter with the report."This report has suffered significant delays owing to many factors including in particular the COVID-19 pandemic, which severely impacted our capacity to integrate acquisitions into our blockchain/NFT strategy and locked down many of our employees across several countries around the world," Siu said.
"Some parts of our organization are already seeing improvements of up to 80% in efficiency on product development that utilizes AI, and we are very excited by the ways in which AI can accelerate different Web3 efforts in areas such as education and learning, gaming, fashion, sports, and all the other forms of digital identity and culture addressed by Animoca Brands," he wrote.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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