Name: The dream of digital ownership, powered by the metaverse
Uploaded: 2023-08-28T15:00:19Z
Duration: 10 min 47 s
Description: Technologist Yat Siu believes the "open metaverse" -- a decentralized version of the internet also known as web3 -- is laying the foundation for a freer, fairer, more prosperous society. In a future-focused talk, he explores the transformative possibilities of web3, from enabling digital ownership and the creator economy to providing a much-needed update to capitalism.

Yat Siu: The dream of digital ownership, powered by the metaverse

The dream of digital ownership, powered by the metaverse

Technologist Yat Siu believes the "open metaverse" -- a decentralized version of the internet also known as web3 -- is laying the foundation for a freer, fairer, more prosperous society. In a future-focused talk, he explores the transformative possibilities of web3, from enabling digital ownership and the creator economy to providing a much-needed update to capitalism.

The open metaverse, powered by web3 and blockchain, is creating new opportunities for digital ownership and economic inclusion. Last year, this virtual world generated over 30 billion dollars in economic activity, rivaling the GDP of many countries. Traditional online platforms keep users locked out of ownership, but web3 enables everyone to become a stakeholder. This shift has the potential to create a fairer, more participatory digital economy.