Yat Siu, a tech and finance enthusiast, is attending the Global Blockchain Show in Dubai and believes the future of the internet lies in decentralization. Yat Siu is the CEO of Animoca, a company involved in Web3 and blockchain technology. Some of the games Animoca has been involved in include The Sandbox, Crazy Kings, and Crazy Defense Heroes.
Yat Siu also talks about his love for gaming and how it’s all connected to blockchain technology. He has been in the industry since the early days of CryptoKitties, which led to the introduction of NFTs and ERC-721 tokens. Yat Siu believes that NFTs and the metaverse are not dead, but rather have evolved into memecoins.
He argues that NFTs and memecoins share similar cultural, social, and economic values. The only difference is the economic value of memecoins compared to NFTs. Additionally, NFTs introduced tokens to increase their reach, and now memecoins are introducing their NFTs for the same reason. Yat Siu predicts that memecoins will soon start launching their own metaverses, creating a shift away from the metaverse view tied to Mark Zuckerberg.