PANews reported on August 14 that according to The Block, Yat Siu, co-founder of Web3 venture capital firm Animoca Brands, said that NTF is currently "competing with Meme coins for attention," but its "NTF" nature will have lasting significance. He explained that although Meme coins are fungible, they have assumed part of the role played by NFT in expressing the culture of many celebrities, influencers, and users. Siu added that the future will focus on Web3 as a means of building a good reputation. He said: "One of the problems we have in Web3 at the moment is that too many people only consider economic capital, and they have not fully regarded their Web3 image as reputation. As Web3 gradually embodies cultural, social, and symbolic capital, users will recognize the importance of the reputation layer in the blockchain, and NFT plays an indispensable role in it by virtue of its irreplaceability."

Meanwhile, Animoca is weighing a possible return to the public markets after delisting from the Australian Stock Exchange in 2020. The company said it is considering an initial public offering in Hong Kong or the Middle East in late 2025 or early 2026. "Frankly, I think 2026 is more likely," Siu said. Siu said the company has not yet selected advisers for a potential IPO, but Animoca intends to hold a non-deal roadshow in September as preparation. Non-deal roadshows allow investors to learn about a company's current initiatives and future plans, such as an IPO, without the purpose of selling securities.

Animoca said in an April disclosure that its “financial position remains strong,” with a cash and stablecoin balance of $291 million. Siu said the company has invested in about 540 Web3 projects to date.