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

They said they’re going to spend $10 billion a year to make the metaverse work. Well, here’s the thing: we believe that $10 billion is not enough for Facebook to succeed. 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 trade something like Meta, regardless of its images, when I have to give half to…