On August 9, 2024, SuiNS, a domain name service provider in the Sui ecosystem, announced its token economic model. 7% is allocated to the treasury for funding platform functions, 28% to core contributors and early supporters, 10% is airdropped to community members, and 5% is reserved for future users participating in governance.

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Yat Siu on Animoca Brands: Over 500 projects invested, NFT market expected to recover after summer. Expected in the next 1-1.5 years, Telegram and others will attract more than 100 million users to Web3. Regulatory challenges mainly in the U.S., Hong Kong, Japan and Southeast Asia, the Asian market is friendly. Animoca focuses on gaming and education, with about 160 investments in gaming and 70+ in education. NFT monthly transactions are about $500 million, and it is expected that the market will pick up with increased transaction volume. The company is preparing for IPO, or between 2025 and 2026, need to complete a number of preparatory work. The era belonging to web3 has come!

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