Animoca Brands co-founder Yat Siu: Meta's annual investment of $10 billion in the metaverse is not sufficient

ChainCatcher news, Animoca Brands co-founder Yat Siu shared his views on the metaverse and Meta during an interview with TechCrunch. Yat Siu believes that Meta's plan to invest $10 billion annually in the metaverse is not enough to support its path to success.

Yat Siu stated, "Billions of dollars are being transacted in the open Metaverse space (considering more with fungible tokens), and most of the value belongs to the end users. If users have to give half of it to the platform, why would they transact on platforms like Meta, regardless of how good its visuals are? Therefore, Meta will have to spend more money to incentivize users to come to its platform." (source link)