Yat Siu, the co-founder and chairman of Animoca Manufacturers, mentioned that pro-capitalist Asian international locations each put money into and adapt to web3 extra willingly than international locations in North America and Europe.
Whereas talking at Outer Edge convention in Los Angeles, Siu mentioned worldwide sport publishers from Japan, Hong Kong, South Korea and the remainder of South East Asia actively talk about web3. Going additional he mentioned they’re able to adapt to NFTs and the metaverse.
“The adoption, readiness and willingness actually sits in Asia. Like, you go and want to sell something to people in Japan or Korea or Southeast Asia, you’ll find a much more ready market versus over here,” Siu mentioned, as reported by CoinDesk.
Yat Siu additional reasoned that the crypto winter affected a number of US corporations, which is why lots of them steered away from web3. Nonetheless, Asian corporations are nonetheless eager on web3 and the passion drives them to speculate; one thing Animoca Manufacturers constantly reveals with its additional investments within the area.
Siu additionally acknowledged that the event of IPs was advancing extra in Asian areas. This may be attributed to the “pro-capitalist” sentiments among the many traders.
“A large swath of people in the US kind of start to veer somewhat outside of capitalism. Capitalism doesn’t work for them. Whereas in Asia, a lot of people are very pro-capitalist because of their own experiences with what capitalism has brought to them” Yat Siu defined.
He even opined that the “American Dream” for web3 is way more alive in Asia than America.
Asian international locations like South Korea and Japan have been considerably extra accepting of web3. Searching for occasion at Hong Kong’s current plan to permit the retail sector to commerce bigger crypto tokens.
