Animoca Brands co-founder and president Yat Siu said his company will continue to “guide businesses to Web3” to accelerate the Internet’s evolution to an open metaverse.
Siu has long advocated for enlargement open metaverse concept, as opposed to a closed structure dominated by large centralized Web2 companies. At the heart of Siu’s argument is that decentralized Web3 platforms and technology such as non-fungible tokens (NFTs) offer users a chance to retain ownership rights over their data and online content instead of being controlled and used by companies such as Meta, formerly Facebook (NASDAQ:).
Continue reading on Coin Telegraph
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.