Yat Siu, co-founder and CEO of Animoca Brands, has plenty of ideas about the metaverse. That’s because his company owns The Sandbox and has investments in many different web3 companies like OpenSea, Dapper Labs and Axie Infinity. On TechCrunch Disrupt, he shared his thoughts on the Meta version of the metaverse.

“They said they are going to spend $10 billion a year to get the metaverse going. Well, here’s the thing: we believe that $10 billion is not enough for Facebook to succeed,” said Yat Siu. “Billions of dollars are traded in the open space of the metaverse; actually, much more when fungible tokens are considered. Most of the value goes to the end user, so why should I transact on something like Meta, regardless of its images, when I have to…