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Redefining Digital Ownership: Yat Siu’s Vision for the Future of Web3 and NFTs
- Yat Su is exploring how Web3 and blockchain will transform digital property rights, reputation, and economic participation.
- Web3 allows individuals to claim ownership of their reputation along with digital assets, thereby empowering people on the digital platforms.
- Yat Su argues that reputation rather than anonymity should be central to the Web3 ecosystem as reputation is the foundation of human behaviour, relationship and trust.
- Siu believes that NFTs are much more than mere digital art and collectibles as they are cultural assets and signal digital identity and community affiliations.
- Tokens are reshaping economic participation, and users are not only passive consumers but also active participants in building and benefiting from network effects.
- Web3 has the potential to democratize digital property rights, creating new opportunities for wealth generation in areas previously overlooked or undervalued.
- Yat Su shared his broader vision for the future where Web3 could lead to a fairer and more decentralized form of capitalism, challenging the current system.
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