Arnoldo Concepcion to Resign as Co-COO of Animoca Brands and Assume the Position of CEO of Gryfyn

03/28/2023 13:48 • Daily Digest • 103 views

On March 28th, it was announced that Arnoldo Concepcion, the co chief operating officer of Animoca Brands, will resign at the end of the year and assume the position of CEO of Gryfyn. In partnership with Custodian Hex Trust, Web3 Wallet Gryfyn is Animoca’s latest joint venture. （TheBlock）

Arnoldo Concepcion, Co Chief Operating Officer of Animoca Brands, will leave at the end of the year

Introduction

It was recently announced that Arnoldo Concepcion will step down from his position as the co chief operating officer of Animoca Brands and assume the role of CEO of Web3 wallet Gryfyn. Animoca Brands and Custodian Hex Trust have formed a joint venture for Gryfyn.

Who is Arnoldo Concepcion?

Arnoldo Concepcion is a well-known figure in the blockchain industry. He started his career as a professional poker player before transitioning to the blockchain sector in 2017. Concepcion joined Animoca Brands, a blockchain game developer and publisher, in June 2018 as the vice president of business operations. He quickly rose through the ranks to become the co chief operating officer of the company.

What is Animoca Brands?

Animoca Brands is a global company that develops and publishes blockchain games and other digital entertainment products. The company was founded in 2014 and is headquartered in Hong Kong. Animoca Brands has a diverse portfolio of blockchain games, including The Sandbox, F1 Delta Time, Crazy Defense Heroes, and MotoGP Ignition.

What is Gryfyn?

Gryfyn is a Web3 wallet developed by Animoca Brands in partnership with Custodian Hex Trust. The wallet is designed to provide users with a secure and user-friendly way to store, manage, and trade their digital assets. Gryfyn is also integrated with various blockchain games developed by Animoca Brands, allowing users to easily purchase in-game items and digital collectibles.

What Does the Joint Venture Mean for Animoca Brands?

The joint venture between Animoca Brands and Custodian Hex Trust for Gryfyn is a significant development for the company. The partnership allows Animoca Brands to expand its presence in the Web3 ecosystem and provides a new avenue for revenue generation. Arnoldo Concepcion’s move to Gryfyn as CEO will also allow Animoca Brands to leverage his expertise and experience in the blockchain industry.

Conclusion

The announcement of Arnoldo Concepcion’s resignation as the co chief operating officer of Animoca Brands and his appointment as CEO of Gryfyn marks a significant milestone for the blockchain industry. Gryfyn, the latest joint venture between Animoca Brands and Custodian Hex Trust, is an innovative Web3 wallet that provides users with a secure and user-friendly way to manage their digital assets. With the integration of Gryfyn into Animoca Brands’ portfolio of blockchain games, the company is well-positioned for growth and expansion in the years to come.

FAQ

1. What is a Web3 wallet?

A Web3 wallet is a type of digital wallet that is designed to work with decentralized applications (DApps) built on blockchain networks. These wallets allow users to store and manage their digital assets securely.

2. What is Custodian Hex Trust?

Custodian Hex Trust is a digital asset custodian that provides secure storage solutions for institutional investors and other high net worth individuals.

3. What are some of the blockchain games developed by Animoca Brands?

Animoca Brands has a diverse portfolio of blockchain games, including The Sandbox, F1 Delta Time, Crazy Defense Heroes, and MotoGP Ignition.

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