Yat Siu (Animoca Brands): "There will be as many metavers as there are cities".

The Big Whale: Everyone is talking about the falling markets as if it's the end of the world. Do you see things the same way?

Yat Siu: A lot of people are talking about "crypto winter" and explaining that the Web3 ecosystem is doing badly, but that's simply not true. It's a matter of perspective. If you refer to the market a year ago, then indeed the market is not at its best. Crypto and NFT prices have fallen a lot.

But if you look back three years, the market and the ecosystem are in great shape. lThere have never been so many Web3 start-ups, investment has never been so high. Since the start of the year, metaverse players have attracted $7 billion in investment, which is by far a record.

Animoca Brands is therefore doing rather well?

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