Summary:

- Hong Kong-based gaming company Animoca Brands has swapped out its Ethereum (ETH) treasury for Bitcoin (BTC), citing concerns over Ethereum's proof-of-work (PoW) model and the environmental impact of mining.
- The company has moved its entire treasury from ETH to BTC, stating that it believes Bitcoin's PoW model is more sustainable and environmentally friendly compared to Ethereum's.
- Animoca Brands is a leading blockchain gaming and venture capital firm, investing in various Web3 and metaverse projects. The decision to shift its treasury to Bitcoin aligns with the company's focus on sustainability and environmental responsibility.