.animocabrands chairman ysiu said that Asian markets are more broadly embracing Web3 technologies due to greater “pro-capitalist” sentiments when it comes to NFTs and the metaverse. camgthompson reports
, co-founder and chairman of Web3 game developer and investment firm Animoca Brands, said Tuesday that Asian companies are more willing to adopt and invest in Web3 technologies than their North American counterparts.
Siu explained that due to the harsh crypto winter that hit many U.S.-based companies last year, its impact on NFTs has steered many U.S. firms away from investing in Web3. However, enthusiasm to invest in blockchain is still alive in Asia. He also claimed that intellectual property development is more advanced across Asia and the “pro-capitalist” sentiments among investors in the region have prompted their investments in Web3 technologies.
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