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 “resources” Concept of an open metaverseThis is in contrast to the closed Web2 market that is dominated primarily by large Web2 companies. Central to Siu’s argument is that decentralized Web3 platforms and technology such as nonfungible tokens (NFTs) offer users a chance to You can retain ownership rightsThey can now control their information and content online rather than being controlled by and used by corporations such as Meta, previously Facebook (NASDAQ):