EP 410 - Is Asia Leading the Charge in the New Digital Economy? - Yat Siu and Kenneth Shek - Animoca Brands

The value of the internet is being restructured, again. This time it is not just about information or communication. It is about ownership, identity, value, and agency. A big question we tried to answer was how Asia may be building the foundation of a new economic operating system for the world.

The next era of the internet will not be defined by faster applications or richer interfaces, but by a fundamental shift in who owns the digital world. In ATP's conversation with Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, and Kenneth Shek, Project Lead at Moca Network, a clear theme emerges: digital property rights, portable identity, and programmable value will form the new economic foundation of the internet.

Some of the topics that Yat and Kenneth covered in detail include:

• How the early web democratized information but failed to democratize ownership, allowing platforms to capture nearly all of the economic upside.
• The internet's first revolution was the dissemination of information. The next phase will be driven by full digital property rights.
• Yat asserts that blockchain returns ownership to individuals in the same way that property rights created modern capitalism.
• Yat's belief that open source software created an arbitrage for those who knew how to code.
• The mistake that "digital identity" simply means a digital passport. Digital identity is the totality of your data, behavior, and reputation, and the value others assign to it.
• The assertion that tokenization will create the greatest financial literacy boom in human history.