Animoca Brands, a Web3 company known for its NFTs and GameFi verticals, is expanding in Hong Kong despite the contraction in the city's traditional financial sector. While Hong Kong's economy and real estate demand are slowing down, Animoca Brands recently opened a new 28,000 square-foot office in a tech district on Hong Kong island. The company views the current renter's market as an opportunity to create a collaborative space for itself and other companies in its portfolio. Despite facing difficulties, including layoffs and a reduction in the size of its metaverse fund, Animoca Brands remains committed to staying in Hong Kong due to the government's support for Web3, the city's unique creative energy, and its sentimental attachment to its birthplace.



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