Yat Siu, the Co-Founder and Chief Executive Officer of Animoca Brands has shared his thoughts on what he believes the metaverse is metamorphosing into in the near future.
Speaking at the Future Blockchain Summit
In the explanation for his position about the highly talked-about marketplace, Siu said industries cannot be quantities based on a single metric, and that the collective performance of key offshoots of the ecosystem often comes together to make a whole.
“Metaverse to us is a whole economy. We don’t want to measure the future of these companies using PNL, we want to measure it in terms of GDP. Just like we can’t define Ethereum’s value by how much gas it generates but rather its utility as a whole, in the same way, the metaverse is an all-accomplishing picture. So, thematically, it’s a metaverse; but practically, itu2019s digital ownership."
Siu faults the usurping role big tech companies like Google and Facebook have played in the evolution of the gaming industry thus far....
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