Following the conclusion of TOKEN2049 in Dubai, Animoca Brands founder Yat Siu discussed the future of Web3 and the role of digital rights.
Animoca Brands as an Ecosystem Builder
Yat Siu states that Animoca Brands is more than just a gaming company or a venture capitalist. "Our mission is to make digital property rights a standard worldwide," he explains. According to him, success in this area requires collaboration, as it cannot be achieved alone.
Investments in the Gaming Industry and Tokens
Since 2017, Animoca has invested in over 570 projects, with more than 165 directly related to gaming. Siu noted that their investments differ from traditional venture capital because they are funded from the company's balance sheet. He stressed that many gaming tokens, such as SAND, are expected to recover by the end of the year due to renewed mainstream interest.
Future Projects and the Impact of AI on Web3
Siu is also betting on digital identity and education. He views the Mocaverse project as a significant opportunity for creating a robust reputation-based economy. He believes that the rise of AI will only strengthen Web3 mass adoption. "Your wallet won’t be MetaMask. It’ll be an AI agent doing that," he states. Thus, AI will unlock new potential for user-generated content, composable NFTs, and autonomous agents.
According to Yat Siu, the future of Web3 is intertwined with digital rights and identities, requiring new approaches in education and interaction within the industry. He is confident that investments in gaming and tokens are currently undervalued.
