Saturday, July 2, 2022
Home6 Questions for...6 Questions for Animoko Brand Yat Siu - CointeleGraf Magazine

6 Questions for Animoko Brand Yat Siu – CointeleGraf Magazine

6 Questions for Animoko Brand Yat Siu CointeleGraf Magazine

We ask blockchain and cryptocurrency collectors for their views on the industry … we throw a few random singers to keep on their toes!


This week our 6 questions go to co-founder Yat Siu. Team Executive Chairman and Managing Director Animoka brands leading various NFT projects.

A veteran technology entrepreneur and investor, Yat is the co-founder, group executive chairman and managing director of the Animoka brand – a global leader in blockchain and gambling with the mission of giving digital real estate rights to players and Internet users around the world. Animoka seeks to create a new asset class, viable economies and a more equitable digital framework that contributes to building an open asset building.

Yat began his career in 1990 in Atari, Germany. In 1995, he moved to Hong Kong to set up Hong Kong Cybercity / Freenation, Asia’s first free web page and email provider. In 1998, he founded Outblaze, an award-winning pioneer of multilingual white label web services. In 2009, he sold Outblase’s messaging unit to IBM, and Outblase became an incubator of projects and companies to develop digital entertainment services and products. One of those incubator projects is the Animoka brand.


1 – From smart contracts to DAP, NFT and Defy, we ‘ve seen plenty of crypto’s next “deadly applications” but none of them have been implemented yet. What is sticky?

Killer applications for crypto are already here, they need further development and penetration. Gambling is a killer app – more specifically, gamefire. It has captured the imagination of thousands of games such as Axi Infinity and Sandbox, and has grown to allow their users to own their own game content and materially benefit from it. Is the top DAP game (Daprodar currently lists six games in the top 10 DAP 10), I don’t think it’s different.

2 – If you were already investing in start-ups, what kind of blockchain-based business opportunities would come to your attention?

When that happens, of course, we will be actively investing in blockchain companies (both startup and non-startup) around the world. We are particularly interested in large-scale adoption projects, and we consider Metawares affiliates to be critical to future growth. By that I mean not only the makers of Metawares World but also the open asset companies used at Metawares – for example, virtual car makers rather than the entire racing game.

Another important quality we seek is openness. We invest in projects that promote Open Matters, and their utility facilitates the granting of real digital property ownership based on assets earned through open, interactive and integrated. This includes platforms and protocols (streams, polygons, etc.) and markets (OpenCy, Bitsky, BNV, etc.) as well as consumer products such as Sports and World. In summary, the companies in which we invest must be open to openness.

My concern is that the big Web 1.0 and 2.0 companies that are already enjoying a huge user advantage are trying to shape Metawars into a series of closed systems that operate on their terms and under their complete control. These proprietary metawares may not be very democratic and will not have the openness and digital property rights that the next iteration of our online experience should accurately characterize.

I think technology giants like Facebook may not be able to give their mates users meaningful ownership – or they may do so, but enforce strict content and licenses as we see on social media services today. Without Digital property rights, It will not be possible to have a democratic, responsible and fair system.

3 – Which countries are most likely to support blockchain – which ones are left?

The winners of this platform are countries that have a history of providing alternative and / or fast growing financial products and are very supportive of blockchains such as Liechtenstein, Singapore and Switzerland. Other winners include the highly developed economies that contributed to and promoted the blockchain industry – for example Germany. Special funds Allow pension funds and insurers To retain up to 20% of the investment As Currency and Stock Exchange (Deutsche Bors) and a major bank (Commerce Bank) Already invested To support NFT trading.

Countries that experiment and invest in blockchain space are developing and attracting the best and brightest talents and not only losing the benefits of technology but also the skills. One example of this is the way Australian crypto companies are moving to places like Singapore, which is drastically reducing Australia’s competitive capacity in this important, emerging technology and financial sector.

This warning about Australia’s missed opportunity is issued not only by crypto pundits and similar interested parties, but also by respected industry sources such as the CEO of the National Bank of Australia, the country’s leading financial institution.

Countries with a well-established culture of disruptive innovation, such as the United States, are moving forward in blockades despite risks and a lack of clarity from regulators. I think the U.S. will remain a key environment for blockchain companies and related business capital, even if there is more regulation (a significant portion of global crypto growth is fueled by U.S. businesses and other capital). Regulation is important and I think it can be achieved without hindering growth and innovation.

The biggest losers are countries that refuse to use blockchain (including crypto) and especially those that reject the entire digital asset space. Fungal use and Antifungal symbols Provides an open transparent debit system that guides growth through network influence. The more people connect to this new open system, the stronger it becomes, the more isolated the old closed networks become and the less attractive they become.

For a nation, rejecting blockchain and crypto is like refusing to join the WTO and saying no to global free trade.

4 – What skills did you lack and what if you had? How would you use it if you had it?

I’m a terrible singer, and if it’s funny, my mother is a former opera singer and director and I actually studied music. I had to sing as part of the entrance exam to the Music Archive and it was hard. If I can sing well, music is the most easily accessible form of singing (it can be done anywhere, anytime, without equipment, alone or in company).

I certainly appreciate being able to perform as a singer, not just as a listener, especially since most of my work involves the translation and distribution of different cultures. However, due to my lack of singing skills, I leave this task to others in my family, especially my mother.

5 – If you do not need sleep, what do you do with the extra time?

At the moment, I often spend more and more time working – there are so many important things to do, and I’m really happy with my work! But if I do not want to sleep, I try to share the extra time equally for more work, more family and more personal time. During family times I sometimes get involved in buying NFT and playing with my kids (my eldest son is an active blockchain player and NFT collector) so some of the family working hours also work and it suits me!

6 – What was the most embarrassing moment of your life?

I like walking. Years ago, I went for a walk on Lantau Island in Hong Kong with a friend. We struggled through a headache with the unusually hot and humid dense vegetation. We were scratched by sharp branches, and insects were attacking us in droves, sniffing the stinking air – mountaineering was one of the funniest moments. Out of a rock, we looked out at the sea through the bushes and mist. We headed towards it as it was easier to walk along the water enjoying the fresh sea breeze.

We left the tangled vegetation and reached the top, which I now have to admit was a mountain top. Below the rock was found a rock in the sea. Our friend pointed out that we had no way to get down the hill, but at that point I just wanted to put the insect-infested bushes behind us and the only other way was to go down the hill.

It was an ally hot day, and maybe I was going to face a severe heat stroke. Let me describe the incident to Ibrahim El-Moul, my mountaineering companion that day and our chief communications officer today:

“Yat has always been a risk-taker and an optimist, and this was especially evident that day. The ‘beach’ resembles a bunch of rocks with jawbones, and he takes off his bag and throws it on the rock, and he turns lightly and jumps behind the border.

“I woke up in shock and panic, convinced that this was the end of Yat Siu, a future labor captain but now in the throes of a catastrophe. However, almost instantly, I heard him screaming for help. As I ran to the edge of the precipice and looked down, I saw the spikes hanging over the grass and the ground struggling suspiciously on a vertical slope. His mind seemed to change as he discussed his journey, and he was now trying to avoid falling into his trap. Below him, the rocks looked particularly prominent and sharp.

“I shuddered and fell down and grabbed Yat’s hand. I’m a big man, used to lifting weights, so I thought it’s an easy task to lift him up. Wrong. Broke through, and it consisted of rocky plants and dirt that should have been more suited to the absurdity of this Hollywood style.

“I went through the rock a lot, scattering its edge under our weight. The situation had quickly deteriorated from a desperate attempt to deny the death, which was usually dragged with one hand. Every time I step back from the top of the hill, the ground will fall under me and I will have to fall backwards as I pull on the yacht’s arm. This is how we fought back towards security. It took a few moments to get the yacht off the top of the hill, but it was an extremely turbulent moment. Luckily, we got it out alive and in one piece.

“After all that, we had to go back to the bushes of hell and walk for over an hour to find a (traditional) way to get Yat’s bag.”

A wish to the blockchain community:

The blockchain community as a whole has an incredibly important role to play in creating open sources, where users can access their assets and data. Owning your data means owning and freeing your future. This future requires our young people to build and build open metawares that have sufficient mass and relevance so that even closed systems can embrace openness – no matter how much the open source changes the closed source (the world today will change in the last few decades Open source navigation.)

I hope that all young, aspiring entrepreneurs will prioritize openness, fairness, collaboration and interaction in their work, and work to provide the best products not only to crypto fans (and especially) but to billions of users who do not yet exist. Enter the world of crypto.

Source

RELATED ARTICLES

Today’s Podcast

Today’s Podcast

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments