After buying gaming and collectibles firm Somo, Animoca Manufacturers has doubled down on its digital collectibles improvement, increasing its footprint in Web3-native leisure and including Somo's playable, streamable, and tradeable collectibles to Animoca's portfolio of blockchain-based platforms.
The corporate introduced Wednesday that it plans to combine Somo into the broader Web3 ecosystem, leveraging cross-promotion, shared infrastructure and a worldwide community of companions to speed up the model's progress.
“SOMO is constructing a cultural working system for collectibles that enhances our current portfolio,” stated Yat Siu, co-founder and govt chairman of Animoca Manufacturers.
“By incorporating SOMO into the Animoca Manufacturers ecosystem, we intention to attach SOMO to our international community of video games, communities, and companions.”
This transaction is obtainable as a non-fungible token (NFT) The market confirmed new momentum originally of 2026, with market capitalization growing by about 20% within the first two weeks of the yr.
complete NFT Market capitalization over the previous 14 days. Supply: CoinGecko
NFT Market capitalization rises 20% in first two weeks of 2026
international NFT The market capitalization rose about 20% within the first two weeks of 2026, growing from about $2.5 billion on January 1 to greater than $3 billion by Wednesday, in keeping with CoinGecko information.
Rebound marks considered one of them NFT After a protracted interval of market weak spot that weighed on costs and exercise all through 2025, the market recorded its strongest short-term restoration in additional than a yr.
24 hours out there NFT warmth map. Supply: CoinGecko
CoinGecko reveals that the sharp rally between Tuesday and Wednesday accounted for a good portion of the rise.
On Tuesday, NFT Its market capitalization was hovering just under $2.7 billion, nevertheless it skyrocketed to $3 billion in simply 24 hours, marking a $300 million revenue. This led to an 18.7% enhance in 24-hour buying and selling quantity, in keeping with CoinGecko.
Neighborhood members attributed the pump to the pumping of blue-chip NFTs, elevated high-value gross sales, and new NFT airdrop tokens. “We've seen this sample earlier than. Is 2026 subsequent?” NFT Is it a cycle or only a faux bounce?” Consumer X wrote.
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NFTs nonetheless down 59% YoY
Regardless of latest beneficial properties in income, NFT The sector stays properly under its earlier cycle highs, highlighting how compressed valuations are.
January 14, 2025 NFT The market capitalization was roughly $7.3 billion. Which means regardless of the latest restoration, the sector continues to be down 59% year-on-year.
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