⭐IF YOU ARE INTERESTED IN WEB 3, THIS EPISODE IS A MUST WATCH!!

◆ Crypto Megan Podcast EPISODE #5 Yat Siu, Co-founder and chairman of Animoca Brands, breaks down the importance of digital property rights on the road to financial freedom, and explains why some gamers 'hate play-to-earn' and why the fear NFTS, and it's not what you think!

Watch the full episode to find out. Timestamps below 👇

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DESCRIPTION -

In the beginning of the episode, Yat Siu takes us through his childhood as an Austrian-born Chinese kid, with big dreams of moving to America, jokes that he used to associate America with figures like David Hasslehoff 😅. Fun fact, Yat grew up in Vienna, and studied music 8 hours a day. Yat spent his early days in America working for Atari, and when Atari went under, he moved to Hong Kong.

In Hong Kong, Yat started one of Asia's first internet provider services, and explained internet to people who had no idea what it was! 🤯 Yat was building infrastructure during the early internet days, and his company Outblaze was responsible for 15% of the world's email service.

The second part of the podcast delves deep into the psychology of Web 3, and what the real Web 3 revolution is - the wider distribution of financial knowledge as a whole, and true digital ownership, including ownership of data.

Yat also goes through how in the current iteration of the Web, we are all worker bees for free for instagram and Facebook living on borrowed land, Web 3 changes the game and the war on data.

Finally Yat Siu describes Animoca's definition of NFTs as digital stores of culture, and goes into the real reason why gamers push back on play-to-earn and NFTs, which is mainly an American narrative. Gamers fear NFTs because of digital capitalism and the fear of being left behind.

As the episode comes to an end, Crypto Megan and Yat Siu discuss how Web 3 has the power to bring hope back to people who feel stuck in the rate race, and lack the knowledge to get out of their currentl situations. Web 3 is the people's movement ✊.


TIMESTAMPS

00:00 Intro with Yat Siu at Bitcoin Miami 2023
00:40 Crypto Megan Podcast Intro
01:26 Ethermail, the Web 3 Email
01:41 Intro Yat Siu co-founder Animoca Brands growing up in Vienna, Austria
05:39 The beginning of Web 3
06:09 What Yat Siu learned from being a musician
09:00 Atari sends Yat to the US in early 90's at the height of the recession
13:10 Atari goes under and Yat built internet business with Ex-Atari employees
18:03 Yat starts first internet service provider in Asia Hong Kong Online
22:10 Yat runs Hong Kong Cyber City, people willing to wait hours to upload content on the internet
23:33 Yat Siu founds Outblaze, Asia's first cloud-computing business
24:00 Outblaze runs 15% of the world's email service
27:27 The birth of Animoca Brands
30:28 What is Web 3 and digital ownership?
31:22 The power of ownership, and owning your data
37:40 NFTs are digital stores of culture
39:33 Digital property rights and financial freedom
42:33 We are employees with no salaries working for Instagram and Facebook
45:33 NFTs are a way to measure network effect of data openly
46:40 The real Web 3 revolution
48:15 University education and lack of financial freedom
49:45 Web 3 games to learn about real value
51:30 What Animoca Brands is looking to invest in now
54:20 Why gamers hate play-to-earn according to Yat Siu
59:25 The psychology of Web 3, digital ownership, financial literacy and true value of freedom
1:02:34 Web 3 brings hope back to global citizens!

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