In this exclusive interview with CoinGape CEO Sunil Sharma, the Co-founder of Animoca Brands Yat Sui shares his overwhelming enthusiasm for the web3 industry and NFTs. He says that “NFTs are not dying. They’re just not receiving the same hype.”
He reasons that if that it would be the case then we as a gaming company won’t be closing last year at $314 billion in revenue, and 100 billion EBIDTA. Yat Sui further discusses regulatory pathway, and the debate around declaring NFTs as securities.
Shedding light on the copyright issues, Yat Sui shares how a person can launch or tokenize something as an NFT while dealing with the copyright issues.
He believes that web3 is all about what couldn’t be done in web2, thus, they shouldn’t confuse the fundamentals between the two. As the interview goes on, he sheds light on the role of Amicoa Brands, as the Y Combinator in Web3 – with over 573 companies in Portfolio. The pioneering journey that the company took in 2018-2021 in funding startups is also inspiring.
The key qualities that are important for web3 brands, according to him, are its Co-founders, partners, its impact on growing digital property networks, and Community it creates.
Yat Sui ends this interesting conversation on explaining how a founder can approach Animoca Brands for funding and support.
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Source: https://coingape.com/videos/interviews/animoca-brands-founder-shares-his-vision-for-nfts-and-entrepreneurship/