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Today’s metaverse and the dream of digital ownership In 2023, Yat Siu discussed the potential of Web3 and digital ownership in the open metaverse, despite challenges faced by the industry, including major collapses and scandals. By 2025, the Web3 sector emerged stronger, gaining institutional support from firms like BlackRock and VanEck. Siu emphasized the importance of digital ownership, enabled by Web3 and blockchain technologies, where fungible and non-fungible tokens (NFTs) play a pivotal role. The economic activity in the metaverse grew significantly, with DAO treasuries reaching $32 billion and cryptocurrency market values soaring. NFTs fostered new opportunities for creators, providing them with royalties, unlike traditional Web2 platforms. As AI and blockchain become more interconnected, they are expected to drive future growth in the metaverse. Siu anticipates 2025 will see significant growth and a shift toward digital property rights in the online world.
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