Animoca Brands CEO: 'There Is No Metaverse Without Web3
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The metaverse means many things to many people, whether that be Meta's virtual reality "office," Fortnite's combination of gameplay and social space, or Decentraland's NFT-powered virtual world. But to Robby Yung, CEO of metaverse investment firm and game publisher Animoca Brands, one fact is inescapable.
There is no metaverse without Web3, because you need to have that transaction layer so that you have interoperability between content and you can bring it from place to place," he said in a panel discussion at Web Summit in Lisbon, Portugal. We as an industry are working on setting standards for that," he added. "We've set up some various consortiums to try to address those issues.
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