Chairman of Animoca Brands: "Cryptocurrencies can return confidence in capitalism" – Bits Media

The chairman of the game company Animoca Brands Yat Siu counts, that the population of the United States and Europe is less located in cryptocurrencies, than the inhabitants of Asia, And this is due to the loss of trust in capitalism.

In an interview with Decrypt Yat Siu (Yat Siu) shared his opinion on the acceptance of cryptocurrencies to different continents. He considers, that after the collapse of the FTX exchange, The average American or European compares cryptocurrencies with mud. However, this is more due to the current attitude of Western countries towards capitalism.

According to Siu, Cryptocurrencies - a less controversial topic in Asia, where people accepted capitalism after unsuccessful experiments with other economic and political systems, including socialism. As for America and Europe, where capitalism has existed for centuries, People, Especially young people, redirect their growing anger from billionaires and inequality to a new industry - cryptocurrencies.

“Capitalism did not work for the young generation of the West, which in recent years has defended anti -capitalist rhetoric. Therefore, for them, cryptocurrencies are an ideal goal. Because despite the technological innovations of the sectors of the blockchain and cryptocurrencies reflect the capitalist, Liberal point of view on the world ", - said Siu.

The chairman of Animoca Brands is convinced, that web3 and cryptocurrencies can return faith to capitalism, Especially in the West. SIU cited decentralized autonomous organizations as an example (DAO), encouraging division of profit. In fact, They are business structures, organized using smart contracts, in which management is carried out distributed, not by hierarchy. Siu counts, that as DAO spreads, rejection of the cryptocurrency industry and capitalism will gradually dissipate.

In the fall, Yat Siu suggested, What over time, when physical objects become everywhere toxenize, Games with supporting non -replaceable tokens (NFT) will carry economic benefits.