“Mr. Metaverse” and His Big Web 3 Bet Against Facebook

Yat Siu (2)Hong Kong’s ‘Mr. Metaverse’ on why he’s placing a big Web3 bet against Mark Zuckerberg

  • Yat Siu, executive chairman of Hong Kong-based metaverse start-up Animoca Brands, says that as new technology worlds are being built around the Web 3 idea, the biggest threat isn’t regulation but companies like Facebook and Tencent.
  • Animoca is valued at over $5 billion, turned profitable in 2021, has over $15 billion in digital asset and token reserves, and is raising another $150 million this month.
  • The college drop-out who was born and raised in Vienna as the only child of professional musicians discovered at an early age an affinity for computers, which led to a job at Atari, founding his internet service provider at the age of 20, and selling a previous start-up to IBM.
  • Read CNBC article, Mr. Metaverse, by correspondent Rebecca Fannin