Yat Siu’s Insights on Crypto and the Future of Digital Ownership

Yat Siu, the founder of Animoca Brands and a crypto pioneer, has embarked on a significant journey through decentralized finance. His perspectives stem from his experiences as an investor, trader, and industry advocate.

Conversations at Animoca’s Headquarters

Recently, Yat Siu, Yaros Belkin, and Mauricio Silvestris engaged in a discussion at Animoca’s Headquarters, known as the “Satoshi room” conference hall, emphasizing Animoca’s role as a leader in digital ownership within gaming.

This dialogue took place after Yat attended a Stradivarius concert showcasing the “Empress Caterina” Stradivarius violin, crafted by Antonio Stradivari in 1708, which is also in his possession.

Yat tied the rarity of the violin to the crypto market, suggesting, “The instrument is a naturally growing asset because of the scarcity. Stradivarius increases by about 10-15% per year historically.”

Understanding Crypto and Financial Literacy

Siu argues that the emerging crypto and Web3 markets will benefit those genuinely interested and willing to learn. He emphasizes the need for financial education from a young age, stating, “We need to teach money right at the primary school level.” He distinguishes between individuals familiar with capital and those who still operate under traditional labor concepts.

Communicating Crypto’s Value

When asked how the Web3 community can communicate the value of crypto to the entertainment sector, Siu remarked, “I don’t think we need to,” asserting that it’s about network effects and genuine engagement, rather than just community talk.

Changes in the Entertainment Industry

The entertainment industry has shifted from ownership to a rental model due to streaming, making Web3’s emphasis on ownership highly relevant. Yat highlights the significance of reclaiming ownership in the age of AI, stating that blockchain offers authenticity for artists in a market affected by digital replication.

The Role of Mocaverse and Moca ID

On Mocaverse and Moca ID, Siu noted, “You’re building your reputation. If I have a Moca ID, I have a reputation, I can build on top.” He envisions a system where identities drive value, allowing creators to establish themselves and obtain support based on their scores and reputations.

Conclusion: Future of Decentralization

Siu envisions a long-lasting financial market shaped by efficient decentralization. He believes that without blockchain, decentralization efforts would falter and emphasizes the importance of a balanced approach to these technologies.

He concludes his discussion by mentioning meme coins and their evolving relevance in projects that resonate with people, hinting at an era focused on meaningful initiatives.