Entrepreneur Yat Siu discusses solving large-scale trust issues and enhancing human coordination through technology. They explore the concept of Web 3, blockchain technology's potential for democratic ownership systems, stakeholder capitalism, the power of NFTs in preserving cultural history, and the growing value of NFTs and Web3 for creators.

Yat Siu, co-founder and chairman of Animoca Brands, discusses the rise of Web3 gaming and the importance of true digital ownership in this engaging conversation. He shares insights about the company's innovative work with NFTs and blockchain gaming, and the strategic investments driving the industry forward. Yat highlights the role of community in gaming, the evolution of user identity through Soulbound NFTs, and the transformative potential of the metaverse. His vision for a decentralized future emphasizes ownership, culture, and the new dynamics of digital assets.

When it comes to NFTs and blockchain gaming, very few companies can rival with Animoca Brands’ early conviction, investment thesis and time horizon. They understood early on that community building and network effects are the core pillars for a true paradigm shift in gaming. However, culture and narratives transcend the boundaries of gaming, becoming social phenomena. Animoca’s latest undertaking, the Mocaverse, aims to unite communities in a truly open metaverse.We were joined by Yat Siu, chairman of Animoca Brands, to discuss the importance of digital culture in our modern-day lives and how NFT ownership unlocks community building in the open metaverse.Topics covered in this episode:Yat’s background and Animoca Brands’ interest in NFTsDigital culture & narrativesAnimoca Brands’ investment thesisBlockchain & NFT adoption by Web2 brandsFinancial inclusion & financial literacyOwnership & play-to-earn gaming: East vs. WestNFT use cases & IP rightsInteroperabilityDecentralisation & the value of ownershipMocaverse Long-term vision & the open metaverseEpisode links:Yat Siu on TwitterAnimoca Brands on TwitterSandbox on TwitterAxie Infinity on TwitterThis episode is hosted by Sebastien Couture. Show notes and listening options: epicenter.tv/525

Yat Siu, Founder of Animoca Brands, shares invaluable insights into the booming Web3.0 space. He discusses the profound purpose behind entrepreneurship and stresses that passion should precede profit. Yat emphasizes the transformative power of ownership, critiquing traditional banking's impact on inequality. He also explores how Web3 can foster community engagement and empower individuals through tokenized participation. Additionally, he advocates for purpose-driven investments, aligning with younger generations' values.

Yat Siu, Chairman and co-founder of Animoca Brands, discusses the evolution of Web3 and NFTs, highlighting his journey from Atari to blockchain innovation. He dives into the significance of digital ownership and intellectual property rights in today's landscape. The conversation also addresses the skepticism surrounding Web3, emphasizing its potential in data ownership and user engagement, particularly within the gaming industry. Insights on the regulatory environment and the impact of cultural significance on NFTs make for a compelling listen.