• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
CM247
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi

    Decentralized exchange volumes slump for six months to lowest levels since January 2021

    2023-10-02

    OKX Wallet Integrates LI.FI Protocol, Simplifying Cross-Blockchain Asset Transfers

    2023-10-02

    Friend.Tech protocol Revenue Crosses A Massive 10,000 ETH, What’s Next?

    2023-10-02

    The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot

    2023-10-02

    Sui TVL Soars To $36.82M, Turbos Finance Leads Explosive Growth

    2023-10-01
  • NFT

    Animoca Brands to Create Web3 Digital ID System

    2023-09-12

    Generative AI Could Make Government Mechanism Less Annoying

    2023-09-12

    Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

    2023-09-11

    Krista Kim Explores Spirituality, Art, and Podcast Tokenization at The Gateway: Korea

    2023-09-09

    Exploring Communion In Collaboration with AI

    2023-09-09
  • Metaverse

    Mark Zuckerberg’s Vision for Remote Work: Meta’s Headsets and the Future of Work

    2023-10-01

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-28

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25
  • Analysis

    XRP Price Topside Bias Vulnerable Unless It Climbs Above $0.50

    2023-06-29

    Crypto Analyst Issues Bitcoin Warning, Says It May Be Time for BTC Pullback After 25% Rally

    2023-06-29

    Bitcoin Price Needs To Clear $31K For Hopes of a Fresh Rally

    2023-06-28

    Analyst Predicts Rallies for Chainlink, Updates Outlook on Polygon, Floki and One Additional Altcoin

    2023-06-28

    BNB Market Cap Down By 25% In June Amidst Binance Regulatory Pressure

    2023-06-28
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    Who Is Satoshi Nakamoto? Mysterious Bitcoin Founder

    2023-09-25

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18
  • Market Cap
  • Shop
CM247
Home»Metaverse»KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Metaverse

KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu

2022-08-18Updated:2022-08-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
coin-mama

Yat Siu, co-founder of Hong Kong-based enterprise agency Animoca Manufacturers, has argued that on-chain digital property rights are the principle elements of blockchain know-how that can drive a extra decentralized society.

Talking at Korean Blockchain Week 2022 (KBW), the Hong Kong entrepreneur famous that we’re all “digital dependents” and “knowledge is the useful resource of metrics” that deliver worth to platforms like Apple, Google and Fb, Sui mentioned:

“Probably the most highly effective firms on the earth right now should not vitality firms or useful resource firms, they’re tech firms and so they’re not highly effective as a result of they make software program. They’re highly effective as a result of they management our knowledge.”

However, not like the Web2 platforms that we’ve change into accustomed to, blockchain-based purposes enable us to regulate that knowledge and never be topic to “digital colonization,” mentioned Sui, including: 

“The highly effective [thing about] Web3 is the truth that we will take possession and we will make a giant change with this as a result of we now have distributed and decentralized possession for these property.”

Sui additionally bolstered the significance of property rights by making the purpose that nations that afford robust property rights to their residents allow their society to thrive. Sui identified the correlation between the Worldwide Property Rights Index (IPRI), and the Gross Home Product Index (GDPI):

“Locations which have nearly no property rights […] You’ll be able to see [are in] the underside 20% [of GDPI] However the nations which have very robust property rights, South Korea, USA, Japan, most of Europe, take pleasure in very, very excessive property rights,” he defined, including that digital property rights must be no totally different.

Digital possession set to take off in Asia

Siu added that the Asian continent has by far probably the most room to develop on the subject of Web3, in addition to capitalizing on digital property rights.

Siu mentioned that Asia has a really wealthy historical past of “unbelievable content material” and “digital expression,” a lot of which could be remodeled into blockchain-based property [in the form of nonfungible tokens] and supply them with digital property rights over their property.

Associated: Digital sovereignty: Reclaiming your personal knowledge in Web3

Siu added that whereas folks of Asia spend extra time on the web right now than on another continent, there may be nonetheless a lot room to develop. “Not like the remainder of the world, which has nearly 100% penetration within the West,” Asia is barely round 67% continent-wide web adoption, he famous.

Siu additionally mentioned that the sentiment towards blockchain-based metaverses, gaming and NFTs, in addition to the digital property rights that include them, is way more constructive in comparison with the West.

Source link

coin-mama
Animocas Digital economy KBW Key property rights Siu thriving Web3 Yat
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CFTC Chair Rostin Behnam disagrees with Gary Gensler on the state of digital asset regulation

2023-10-02

Mark Zuckerberg’s Vision for Remote Work: Meta’s Headsets and the Future of Work

2023-10-01

Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

2023-09-28

Valentino Rossi Steps into The Sandbox with ValeVerse

2023-09-27
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Owls NFTs Are Driving a Resurgence in ASCII Art

2023-03-07

Owls NFTs have been on an absolute tear not too long ago. Having dropped on…

Bitcoin

Riot Platforms ends August on a positive note, thanks to Texas

2023-09-07

contributor Posted: September 7, 2023 The online proceeds from Bitcoin gross sales totaled $8.6 million,…

Altcoins

Ethereum climbs back above $1200, but watch out for this resistance

2023-01-02

Disclaimer: The data introduced doesn’t represent monetary, funding, buying and selling, or different varieties of recommendation…

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Popular Post

OneKey says it has fixed flaw that got its hardware wallet hacked in 1 second

2023-02-12

A Supreme Court case could kill Facebook and other socials — allowing blockchain to replace them

2022-12-10

German DZ Bank adds digital currencies to asset management services

2023-02-24

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 cryptocurrencymedia247.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$20,168.002.51%
  • ethereumEthereum(ETH)$1,532.186.43%
  • tetherTether(USDT)$1.00-0.02%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$286.102.95%
  • TerraTerra(LUNA)$88.14-1.01%
  • Binance USDBinance USD(BUSD)$1.00-0.14%
  • rippleXRP(XRP)$0.3315312.89%
  • cardanoCardano(ADA)$0.4480674.29%
  • SolanaSolana(SOL)$32.015.40%