Animoca Co-Founder Yat Siu: NFT represents change in the online world.

In 1886, Karl Benz ushered in the era of the silent car with the introduction of the Mercedes-Benz, widely regarded as the primary utility vehicle. Benz may not know what his design means for the platform that will enable the life of Uber, Lyft, Grab, gas stations, retailers, stores, medical devices, auto repairs and many more. other related articles. it can In most cases, the value of these companies far exceeds the auto industry itself.

Rights to the automotive industry

Mercedes-Benz patented vehicles represent the technology of the automotive industry, but they are patents that allow other companies to provide services directly to car owners without interruption. As product and service providers compete for car dealership activity and develop products based on what they already own (the vehicle), they can raise capital and support the updated design.

Services can increase the efficiency and effectiveness of the vehicle. For example, consider revamping a classic car, applying paint-resistant paint, refurbishing expensive seats, or installing high-end shocks and springs. These services and many more can bring great benefits to the relationship and their value increases with car owners. Network effect.

In this way, the possibility of becoming a member as a base of the platform is higher than the numbers on its site.

The car is the platform, and the entire automotive ecosystem and interconnected industries and services are supported by car owners - decentralized people.

Content is a platform

Already in 2018, we were explaining that content is the platform and that NFTs provide the basis for creating (finally) real digital content tools. A real treasure with the right tools. These assets are made up of individual, decentralized communities that lay the foundation for a large-scale global change ecosystem. Similar to the first utility vehicles.

The benefits of this name apply to all the products we have. For example, homeownership allows you to become an owner and entrepreneur, mortgage lender, interior designer, furniture designer, and many more. . In the meta world, it's easily seen in games like Sandbox, where developers offer a variety of rewards for other developers to use.

This has been explained before, but I have to say more. NFT represents change in the online world. Because now you can have your real digital assets in distribution and processing capabilities.

A tree that takes 4 years to bear fruit in the world

By 2022, hundreds of millions of users will have access to the new virtual open world, powered by NFT games. I'm not talking about the monopoly business nightmare run by big or traditional companies, running the beautiful gardens of the world, but open and decentralized systems and systems connected to all the important points such as membership, partnerships and community. Management of the environmental network.

Four years ago at Animoca Brands we decided that NFTs and digital devices were the best choice for gaming. In 2018, he acquired a new company called Sandbox and sponsored and invested in Sky Mavis (Axie Infinity), OpenSea and Decentraland. Since then, we've been pushing our vision for the future, and I don't care to say it's tough for a while.

Today, however, the space has grown by leaps and bounds, and Animoca Brands is proud to have played a role in nearly every major digital device development by NFT. , from first support to Dapper Labs (NBA Top Shot and CryptoKitties.), and Marques Animoca. We are playing on the cusp of market revenue with the best NFTs in OpenSea Sales 2019 and the most profitable NFTs in 2020.

We have helped develop game models led by Axie Infinity and YGG (see “Why We Invest in Yield Guild Games”) and have invested heavily (and grown) in several NFT and GameFi companies.

The past year has given us more hope for the future of the open world meta, despite the turmoil, and the uncertainty that it will have a major impact on the economy, commerce, and relationships.

to a new capitalism

Our ability as traders and investors of blockchain products provides insight into the past through other income-driven investment efforts. No, we believe there is an opportunity to lay the groundwork for greater efficiency, ethics and fair capital.

Web 3.0 empowers anyone to create and be a part of a digital world that creates an open world meta. This means that not only can you benefit from your products and resources, but you can also share the benefits better overall, so that your resource pool will be appreciated as the entire ecosystem grows.

Like classical capitalism, these members promote innovation, entrepreneurship and risk taking, but unlike traditional capitalism, the result can be beneficial for all participants. . Changes in wealth or income do not have to be zero.

The end of the zero-sum game

A brief description of how the design at the top of the blockchain can best illustrate the concept of mutual aid. Let's take two popular blockchains as examples: Polygon and Flow. Polygon (like REVV Racing, Crazy Defense Heroes, Arc8) and Flow (like MotoGP ™ Ignition, Olympic NFT) are developing new technologies.

These products obviously generate income from the sale, but not all of them. We own and associate tokens (in this case MATIC tokens and FLOW tokens) to become stakeholders, users and participants of the blockchain itself. This means that the tokens for these chains will be cheaper as our products are sold and will attract more participants to join the blockchains. We also manufacture many tokens by contract.

For convenience, everyone who has benefited from collaborative collaboration has opened up to the entire blockchain. This revenue is not limited to us or any internet company, but extends to all benefits including end users, the entire blockchain, and the entire device below, including Animoca brands and members. We use every blockchain ecosystem we support, including Hedera, Harmony, and many other ecosystems.

The combined benefits of Web 3.0 could end the traditional zero-sum market. Indeed, growth has started and has benefited from traditional business organizations, communities where consumers and employees are the driving force of the network and are used to working. effect.

In the open meta-world, end users can contribute their invested time and money (through real-time membership and digital asset management), or create special items (like the new Sandbox game), or designed by it and existing Get rewards for your existing treasure after the sale).

Of course, all areas of GameFi, including its peer-to-peer excellence, provide encouragement and rewards throughout the rewards.

The open world meta provides an opportunity to benefit all participants and conclude that the concept is still zero-sum.

Master

Data is the world's most important resource. Data is created whenever you use our online services, whether submitting photos, viewing products or information, interacting with existing content or other activities. Suppliers receive their information in several ways and often engage users (for example, by selling personal information to advertisers).

As a data requester, you should be able to enjoy the benefits, but you can't because they don't join you - you belong to the platform that created the file. Information and you want to use their services. These platforms benefit from the enriched data collection and use of network resources by you and many other users.

Ultimately, like gasoline-powered cars, the data itself is worthless. It is important to extract and process the data. However, the data must always comply with the terms of the property. If you suddenly find that your oil spill is high, it can be a bit frustrating when an oil company is drilling for oil in your area at no cost.

But it happens every day in our case. But what if we could have and benefit from our data? Welcome to the open world meta because that's what we do.

The digital legacy and networked interventions of collaboration are not only important before achieving data integrity, they also provide solutions to one of the world's problems Biggest: Inconsistencies and Leading the Way to unprecedented creativity and innovation. easy. Think about how Carl Benz's build changed the whole world. Only if this change evolves at the pace of digital, that is to say exponentially faster and bigger.

In short, each consumer becomes a master.

One of the great advantages of Web 1.0 is the equitable distribution of knowledge. For example, Internet connectivity allows remote farmers to monetize their produce and get fair money for their produce.

Blockchain can do similar things with our data, but without having to remove natural resources from the physical world. We only need to create files from our online presence. This largest investment comes from our operations, which means we can build our own assets.

We have to be able to do it.

good year

It's hard to say how excited I am about the opportunities and abilities that lie in opening up a meta-world.

We don't think this is something the company has accomplished. Thus, our business strategy over the past few years is not only to develop our own market for metaverse products, but also to provide seed funding to the community at large. We have invested in over 150 companies carefully selected based on their ability to support the open meta-world and collaborative working.

Our approach is based on openness, fairness, user ownership, property rights and non-zero procedures, rather than without the open metaverse (which the organization can and shouldn't have).

An open metaverse looks like a new country or a new community. Interestingly, countries and communities that do not have the right tools can be economically disadvantaged. Better wealth leads to greater business growth.

As in the real world, the business potential of an online community without stable and lasting rights is less than that of a community that guarantees these important rights for all voters. We think it's the development of the meta world. Thus, the final closed meta edge product will not be finished.

With Metaverse, you have rare opportunities. Not only can we create a new happy space, but we can help move it from the golden mean to the true open world.

We would like to thank all our suppliers, partners, ecosystem players and others for their confidence in Animoca Brands, and thank you very much to all the professional teams promised to this new life. I wish you transparent and honest 2022!