Matthew Chan

🚀 Animoca’s Yat Siu on CNBC: The Next Phase of Web3 Adoption In his recent CNBC interview, Yat Siu, Chairman of Animoca Brands, shared powerful insights on the evolving crypto ecosystem and what it means for businesses and investors: 🔹 Bitcoin vs. Ethereum ·       Bitcoin = Digital Gold: A store of value, rarely spent. ·       Ethereum = Utility: With ~$100B in total value locked, it powers stablecoins, NFTs, and L2s. Because ETH is used and spent, its rise fuels broader ecosystem growth. 🔹 The Coming Altcoin Wave As ETH strengthens (with predictions of $6K–$10K ahead), capital will cascade into altcoins and Web3 ecosystems. Corporates moving treasury allocations from BTC → ETH → other tokens show how adoption will spread across the industry. 🔹 Internet Money → Internet Customers Accepting tokens isn’t only a payment play. It’s access to a loyal, liquid, and growing community. Just like selling in different fiat currencies, offering goods in ETH, SAND, or other tokens lowers friction and builds deeper engagement. 🔹 A New Global Wealth Class and 🌍 The Big Picture Over 500 million people worldwide now own crypto and digital assets. This isn’t just about asset prices – it’s a massive new customer base. Luxury brands were early movers, integrating NFTs and Web3 strategies to reach this audience. The token economy already represents $4T+ in market cap. Every cycle of adoption redistributes value across projects, creating new opportunities for builders, brands, and investors alike. 🙌 At True Global Ventures, we share Yat’s conviction: the real story isn’t just crypto prices, but the transformation of money into a new internet-native customer economy. 👀 Watch the interview: https://lnkd.in/grXu26Em

164

20 Comments

Avalanche is powering a new milestone in Korea’s digital asset market. BDACS, together with Woori Bank, has launched KRW1, a fully collateralized, won-backed stablecoin. Currently in a pilot phase following a full PoC, KRW1 marks an important step toward regulated, bank-integrated digital money in Korea. Key Highlights: 🔺 1:1 collateralization — every KRW1 is backed by won held in escrow at Woori Bank 🔺 Real-time proof of reserves — transparent and verifiable via banking API integration 🔺 Bank participation — Woori Bank’s direct involvement in the PoC underscores the critical role banks can play in stablecoin ecosystems 🔺 Institutional-grade infrastructure — launched on Avalanche, recognized by KISA for reliability and security KRW1 is designed for payments, remittances, investments, and public-sector programs, including low-cost settlement systems for emergency relief disbursements. As Korea advances its Digital Asset Basic Act, KRW1 is positioned to serve as a model for how banks, institutions, and blockchain can converge to build the foundation of the digital economy. More on KRW1 below: https://krw1.kr/en/

183

4 Comments

“Digital identity is the foundation of digital capitalism.” — Yat Siu We sat down with Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, to unpack three forces shaping Web3 today: 🌐 Digital Identity: why owning your reputation online matters ⚡ Tokenization: how network effects become value effects 💰 Digital Capitalism: the system these forces make possible Yat explains how these concepts connect and why they’ll determine who builds lasting value in crypto. 👉 If you’re a builder, investor, or just curious about where Web3 is headed, this episode is PACKED with alpha. Watch here: https://lnkd.in/eZ6msn9c

31

1 Comment