Animoca Brands expands its Hong Kong office to 28,000 square feet, equivalent to 10 times the size of a tennis court

ChainCatcher news, Animoca Brands has recently opened a new office covering 28,000 square feet (2,601 square meters) in an emerging tech area on the southern side of Hong Kong Island, spanning two floors. This is about 10 times the size of a tennis court.

Animoca Brands President Evan Auyang stated in an interview: "We have increased from 7,500 square feet to 28,000 square feet. Now Hong Kong is a tenant's market, and we believe this is a perfect time to create a collaborative space not only for ourselves but also for other companies in our portfolio."

Although cryptocurrency is in a bull market, 2023 has been tough for Animoca, including facing pressure for layoffs and reducing the target size of its metaverse fund from $2 billion to $800 million. Auyang said, "As a company, we have to try. We have to accept failure as part of it," and added that today's Animoca has undergone several transformations in its brief history.

Auyang emphasized the importance of government support in Animoca's decision to stay in Hong Kong, calling it "priceless," and spoke about the key moment when the Hong Kong Financial Services and the Treasury Bureau announced support for Web3 alongside Animoca CEO Yat Siu. (CoinDesk)