A prolific investor in metaverse coin projects like The Sandbox, Yat Siu, president of Animoca Brands, says in an interview that Meta will struggle to attract users with its current “closed” approach. Yat Siu also shares 10 altcoins for individual investors to benefit from their metaverse coins. We also share the shares of the famous investor. cryptocoin.com We have prepared for our readers.
Why invest in metaverse coin projects?
“We define the metaverse as a virtual nation powered by real, digital property rights,” said the president of Animoca Brands, saying that you can’t have a real metaverse unless you own a part of it. Yat Siu comments:
That’s why blockchain is so important. It’s the only way to independently own your digital assets. Because the community rather than the platform has a say.
Animoca Brands has invested in blockchain-based metaverse game projects since late 2017. In a year when cryptocurrency, Non Fungible Token (NFT) and Blockchain gaming boomed, Animoca has seen its total revenue rise to just over $500 million, raising that to $2.2 billion in a recent fundraising round, according to the company.
Sandbox (SAND) is one of the most important investments of Animoca. Virtual land sales in the blockchain-based decentralized metaverse coin project have exploded in recent months, with total sales between 2019 and today totaling $211 million. Yat Siu states that economic activity is sought in the metaverse and that participation drives growth.
Yat Siu explains why he prefers game projects like The Sandbox to Meta Platforms’ vision of the metaverse, and also lists 10 altcoins that can be purchased to take advantage of the metaverse theme as an individual investor.
Facebook’s closed metaverse
In October, Facebook rebranded as Meta Platforms to highlight Mark Zuckerberg’s desire to build a “metaverse company.” The Big Tech giant is hiring 10,000 employees across Europe to help build its virtual open world. But for Yat Siu, this pivot doesn’t make Mark Zuckerberg an expert on the whole concept:
Renaming yourself Meta doesn’t mean you’re running the entire metaverse base.
Yat Siu argues that Facebook’s vision of a “closed” metaverse, in which the virtual world has much of it, will struggle to attract users. “We don’t believe in closed metaverses. We do not think that this is the end of the game,” said the famous investor, making the following statement:
Facebook creates a closed meta, but that doesn’t work. Ultimately, a metaverse that doesn’t allow users to own real property won’t work in the long run. Everything becomes permission-based; you are renting the space and it just doesn’t scale.
Sleep According to Siu, metaverse coin projects available for purchase
Yat Siu shares 10 altcoins that could enable retail investors to take advantage of open metaverses. Saying that there are two ways to buy a metaverse, Yat Siu states that at the micro level, investors can purchase in-game currencies such as The Sandbox (SAND), which has risen over 14,000% this year:
We are bullish on SAND because it is among the most traded cryptocurrencies in the world. Its community is incredibly strong and growing really fast.
Yat Siu also notes that individual investors can also purchase native tokens of the Blockchain on which these gaming projects are built, and that investing in projects such as Polygon (MATIC) and Flow (FLOW) can generate macro benefits:
There are many ways to benefit. Buying some MATIC or FLOW gives you more of a macro benefit.
The list of the top 10 metaverse coin projects recommended by Yat Siu, with their annual returns, is as follows: The Sandbox (SAND) 14,500%, Solana (SOL) 12,000, Polygon (MATIC) 12,000, Harmony (ONE) 4,500%, Tower ( TOWER) 1,000%, Hedera (HBAR) 750%, Revv (REVV) 200%, Flow (FLOW) 7%, Immutable (IMX) -7%, and GAMEE(GMEE) -35%.
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