What’s the future of Web3? Meta and Animoca Brands face off over metaverse visions at Hong Kong webinar

  • Animoca Brands co-founder and chairman Yat Siu has championed a decentralised vision of the metaverse free from Big Tech monopolies
  • Under chief executive Mark Zuckerberg, Meta is investing heavily in its own vision of the metaverse

The Sandbox, a gaming platform owned by Animoca Brands, promises a virtual world where players can actually own the digital items they create and collect. Image: Animoca Brands

Executives from social media giant Meta Platforms and blockchain gaming company Animoca Brands squared off at a webinar in Hong Kong on Thursday, openly questioning each other’s business models as debate over the future of the metaverse heats up.

Meta, parent firm of Facebook, Instagram and WhatsApp, and Hong Kong-based Animoca, developer of blockchain gaming platform The Sandbox, are both trying to convince investors and users that they hold the key to the future of metaverse – a network of 3D virtual worlds focused on social connection and exchange.

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