Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Animoca Brands’ Co-Founder Believes Web 3.0 Will Soon See “Hundreds Of Millions Of New Users”

Cryptocurrency Sep 05, 2022 10:02AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Animoca Brands’ Co-Founder Believes Web 3.0 Will Soon See “Hundreds Of Millions Of New Users”
 
AXS/USD
-0.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Animoca Brands’ Co-founder and Chairperson Yat Siu recently gave an interview at the Urban Land Institute’s ‘Asia Pacific Summit’. During the interview, Siu expressed his views on Web 3.0, blockchain games, and more.

Siu opened with an exciting statement for metaverse enthusiasts, claiming that the influx of new users into the metaverse was likely to increase even further over the months to come.

“Within the next 18 months or so, we expect hundreds of millions of new entrants into the open metaverse because the quality of open metaverse products, such as new and higher quality blockchain games, will have launched, and will attract a new wave of people joining the space,” Siu said.

Yat Siu Has His Say on the Future of Web 3.0

The Co-Founder of Animoca Brands is an active advocate of metaverse, and has voiced his support for both blockchain games and the metaverse, and further reiterated his stance during the conference. Below are some of the key points he made.

  • Siu pointed out that over 3.2 billion traditional gamers are already in an “enclosed metaverse” that do not own their in-game assets. He went on to assert that Web 3.0 addresses this by transferring ownership of in-game assets from tech companies to gamers directly, which they can then use across a range of different metaverses.
  • Siu further claims that much of the infrastructure needed for Web 3.0 is already in place.
  • The Animoca Brands Chairperson believes the younger generation will help push the Web 3.0 revolution forward. “One of the reasons why young people are drawn to Web3 is not because it represents a better technology, it actually represents a better future,” Siu enthused.
It’s clear that Yat Siu believes it to be only a matter of time before gamers enter the metaverse, and Web 3.0 sweeps the world.

On the Flipside

  • While Siu is optimistic about the future of Web 3.0, the present doesn’t look promising. Though Animoca Brands has withstood in the crypto winter, the condition of the broader market is yet to stabilize.
  • Despite gaming accounting for a sizable portion of all blockchain activity, persuading gamers to switch to blockchain gaming and onboard into the blockchain ecosystem has proven challenging thus far.

Why You Should Care

In the ongoing crypto winter, Animoca Brands and its games have held strong and optimistic, as it did in previous bearish situations. The company was an early investor in projects like Axie Infinity, and even acquired Pixowl, the studio behind The Sandbox.

In July 2022, Animoca Brands was valued at $5.9 billion. The company is backed by notable figures such as Jack Ma, the Winklevoss Twins, and more. The company boasts having popular projects like The Sandbox, GAMEE, Crazy Defense Heroes, and many others under its belt.

You may also like:

Crypto Flipsider News – Market Update; Animoca Brands Funding; Ethermine Staking Service; Hodlnaut’s IJM Approved; Qatar Crypto License

Continue reading on DailyCoin

Animoca Brands’ Co-Founder Believes Web 3.0 Will Soon See “Hundreds Of Millions Of New Users”
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email