Unleashing the Power of Web3: Yat Siu's Mind-Blowing Insights on Virtual Identity and Gaming
Discover the Future of Web3 and Gaming with Yat Siu's Captivating Talk on Virtual Identity and Self-Expression, talk given at PAUA Paris 2023.
Save the date for PAUA Paris 2024
24 - 25 May 2024
A veteran technology entrepreneur/investor based in Hong Kong, Yat Siu is the co-founder and executive chairman of Animoca Brands, a global leader in blockchain and gaming with the mission to deliver digital property rights to the world's gamers and Internet users, thereby creating a new asset class, play-to-earn economies, and a more equitable digital framework contributing to the building of the open metaverse.
🎥 THE MEANING OF VIRTUAL IDENTITY & SELF EXPRESSION IN WEB 3 | YAT SIU | PAUA PARIS 2023
Some takeaways from Yat Siu’s talk at PAUA Paris 2023:
Web3 refers to a new phase of the internet characterized by user ownership and control, powered by blockchain technology.
The open metaverse, unlike the closed metaverse controlled by companies like Facebook, is a key component of Web3, offering decentralized and community-led experiences.
Web 3 enables individuals to become shareholders in online platforms, earning equity based on their contributions and challenging traditional shareholder capitalism.
Financial inclusion is a significant benefit of Web3, allowing the majority of the population with limited financial literacy to participate in a decentralized financial system.
Web3 aims to reclaim ownership of personal data and identity from centralized platforms like Facebook and Google, giving individuals sovereignty over their information.
Zero-knowledge proof and blockchain technology enable selective disclosure of identity, providing privacy while ensuring copyright and ownership protection.
Virtual worlds, such as video games, offer opportunities for self-expression and identity exploration, breaking social norms and connecting people in novel ways.
The gaming industry plays a crucial role in the Web3 ecosystem, fostering financial literacy and providing a platform for creative expression and skill development.
Web3 can potentially disrupt monopolistic platforms like Amazon, empowering individuals to control and profit from their own data and transactions.
Gaming promotes optimism and a sense of achievement, making it a powerful medium for learning and exploring new ideas, while also fostering financial literacy within the Web3 community.
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