Animoca Brands co-founder and chairman Yat Siu stated that his firm will continue to “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse.

Siu long supported a broader definition of the word “internet”. Concept of an Open MetaverseInstead of a closed network that is controlled by large Web2 corporations, Central to Siu’s argument is that decentralized Web3 platforms and tech such as NFTs offer users a chance to Keep ownership rightsMeta, formerly Facebook (NASDAQ :)).), has the right to access and control their online data and content.