The post Yat Siu Talks Blockchain Gaming and Digital Identity appeared on BitcoinEthereumNews.com.

Yat Siu, co-founder and executive chairman of Animoca Brands shared his unique perspective on the evolving landscape of Web3, drawing from his extensive experience in tech innovation and his multicultural background. In a recent interview with BeInCrypto, Siu highlighted the stark contrast between Eastern and Western attitudes. He also offered valuable advice for aspiring artists in the age of AI. As a global leader in blockchain and gaming, Siu’s vision for the future of blockchain technology was evident in his discussion of Mocaverse, a project aimed at solving digital identity issues in Web3. His insights on China’s approach to blockchain and Hong Kong’s role as a crypto sandbox provided a nuanced view of the industry’s global dynamics. Q: Why do you think the MOCA price rose significantly, compared to other Game tokens? There is a whole series of tokens that haven’t done that well. But some have done well like Bitcoin, Ethereum, Solana, and TON, plus in our case, I would argue MOCA, too. The key difference is the institutional support. Projects with institutional backing tend to perform more stably.  Starting with the Bitcoin ETFs, I think we’re entering an institutional era of crypto, meaning that, to stand out, you now need institutional support. Q. How does the institutional support help the growth of projects? The traditional stock market is by-majority institutional, but the token market is by-majority retail. In an institutional market, you diligently research to know what the project is about because you have large purchasing power and long-term planning. Retails have a lot more short-term behavior naturally. For instance, Pump.fun launched two million tokens in the last 6 months. It is amazing as a business model, but also concerning.  Among the new tokens, many of them are very small, and may also be very speculative. An institution…

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Filed under: News - @ September 14, 2024 3:23 pm