We're live with animocabrands executive chairman and consensus2023 speaker ysiu on a Reddit AMA about the future of NFTs. Ask him anything:
I'm Yat Siu, co-founder and executive chairman of Animoca Brands, a company working to advance digital property rights and contribute to the establishment of the open metaverse.
The world's most powerful companies are tech companies, and we, as users, contribute to their success by giving our data to them in exchange for their services. But it's not a very good deal, being the online equivalent of a medieval feudal system in which peasants work on the land owned by a lord, getting little in return and owning nothing.
To break away from that, we need a decentralized system that can empower users with ownership and control of their own virtual goods and data, allowing them to enjoy economic freedom and the opportunity to build their own equity. Blockchain technology and specifically NFTs enable digital property rights for our virtual assets and our data, and are crucial to developing a more decentralized and equitable society.
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