Animoca Brands Co-Founder Siu on Crypto, NFTs, Web3

The video discusses the current turmoil in the cryptocurrency market, comparing it to the 2018 crypto winter. It highlights the differences in market dynamics, particularly the role of Terra UST and its algorithmic failures. The discussion extends to the flow of venture capital into the crypto space, emphasizing long-term investment opportunities despite market fluctuations. The video concludes with insights into the future of Web 3, focusing on digital ownership and the evolution of the Internet.

How does the current cryptocurrency market turmoil differ from the crypto winter of 2018?

• There are no economic opportunities in the crypto space.

• The market is solely driven by speculation.

• Bitcoin and Ethereum have completely collapsed.

• There is more utility and stability in the market now.

What was a key flaw in the design of Terra's UST?

• It had no impact on the Korean market.

• It was an algorithmic experiment with correlated assets.

• It was backed by physical assets.

• It was widely used outside of Korea.

How do venture capitalists view the current market downturn in the crypto space?

• As a complete collapse of the crypto industry.

• As a sign to stop all investments.

• As a buying opportunity for long-term growth.

• As a reason to exit the market immediately.

Why is the current market downturn seen as healthy by some investors?

• It forces everyone to exit the market.

• It allows for a shakeout of weaker players.

• It eliminates all players from the market.

• It stops all growth in the crypto space.

What is the primary focus of Animoca's investments in the Web 3.0 space?

• To create physical property rights.

• To invest only in traditional gaming companies.

• To support the growth of non-fungible tokens and digital property rights.

• To avoid any involvement in blockchain technology.

What is a significant advantage of Web 3.0 for end users?

• They can use social media for free.

• They have ownership and can earn from their data and time.

• They can only access centralized platforms.

• They have no control over their digital presence.

What is the expected future impact of Web 3.0 according to the transcript?

• It will be a minor part of the internet.

• Most of the world will onboard to Web 3.0.

• It will replace all current internet technologies.

• It will only affect the gaming industry.