According to Cointelegraph, Animoca Brands co-founder and chairman Yat Siu said in an interview with Talking Tokens Podcast that the future of the Internet lies in decentralization.
Siu believes that the Web3 economy is built on digital property rights and describes it as the “internet of ownership.” He noted that as ownership becomes more recognized in the digital space, various industries can unlock tremendous value.
Despite his support for decentralization, Siu acknowledged that the transition faces challenges in education and conceptualization. He believes that the biggest negative factor at present is the general ignorance of the potential financial value of the network.
Additionally, on July 18, the Hong Kong Monetary Authority (HKMA) announced that Animoca Brands will become one of its first stablecoin issuer sandbox participants, working with partners such as Standard Chartered Bank and HKT to develop Hong Kong’s digital asset ecosystem.
