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Yat Siu Profile picture
@ysiu
Oct 24, 2022 • 9 tweets • 10 min read • Read on X
1/ The correct headline should be how Asia the worlds largest market for gaming is taking the lead from the west in #blockchain #NFTs #gaming because Western Gamers won't let their companies enter #blockchaingames a 🧵👇 the #nft hate is predominantly a US/western gamer issue
2/ Studios like @SquareEnix a @sandbox @animocabrands investor and Krafton the creators of @PUBG (and +others) are making major moves into #NFT #blockchain games, asian gamers welcome the innovation as they appreciate the benefits
forbes.com/sites/eunicela…
theverge.com/2022/7/20/2327…
3/ Last year many of the largest game companies like @EA were presenting #blockchain #play&earn and #NFTs as the future of the game industry. The assessment is correct but unlike their asian counterparts are unable to venture into the space - for now
forbes.com/sites/paultass…
4/ Meanwhile #blockchaingames and #openmetaverse games are already a multi billion dollar business just in the last quarter alone venturebeat.com/games/blockcha…
5/ It also continues to receive the most funding in the gaming space and is attracting some of the best talent from tradgaming to #blockchaingaming if you are making #blockchaingames this is the best time for #IndieDevs blockworks.co/funding-wrap-m…
6/ IMO To understand this western rejection is to understand the political moment the west lives in, the majority of youth in the US have an unfavourable view of capitalism as unfair. They dislike Crypto & NFTs which represent digital capitalism
thehill.com/homenews/campa…
7/ Meanwhile in Asia #blockchaingames is growing without the same constraints #NFT #blockchaingaming #openmetaverse cointelegraph.com/news/yat-siu-a…
8/ #blockchaingames #web3 #metaverse is the chance to break free from the dependency of walled gardens of the platforms, digital ownership = digital freedom, gamers don't just become consumers but customer-owners #IndieGameDev this is your opportunity! cointelegraph.com/news/web3-domi…
9/ #NFTs represent a paradigm shift for the online world because it is now possible to truly own your digital assets #digitalpropertyrights in a decentralized and scalable manner especially in games giving gamers not just ownership but also governance ysiu.medium.com/cars-ownership…

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More from @ysiu

Yat Siu Profile picture
Mar 25, 2023
1/ Culture & its development in #web3 #openmetaverse #NFTs is the foundational building blocks of a true digital #metaverse economy powered by #blockchain a 🧵👇following talks at #OuterEdge2023 #ParisBlockchainWeek #nftparis decrypt.co/videos/live-ev… @decryptmedia @animocabrands
2/ Production of arts & cultural goods in the US is already a close to trillion dollar industry employing over 5 million people, direct participation in the industry of culture is already a critical component of any thriving economy today arts.gov/news/press-rel…
3/ However when you consider the impact #arts & #culture have in other industries it becomes clear that culture is the foundation of most of our economic activity from retail, gaming, entertainment and even outdoor recreation.
Read 7 tweets
Yat Siu Profile picture
Dec 18, 2022
1/ Given the current state of AIP-183, .@Apecoin may be entering 2023 without an administrator which will cause unnecessary complications to $APE #DAO operations. I am proposing a solution that could perhaps solve the situation to everyone’s satisfaction under #AIP-1 rules
2/ The community deserves to be better informed, I believe it is absolutely necessary that Apecoin should never be without an administrator at any time because they are critical to keeping operations going for the DAO as described here forum.apecoin.com/t/aip-183-cart…
3/ I propose approving @CartanGroup as outlined in AIP-183 so DAO operations are not paused. Though the proposal is for 1 year, a new proposal for DAO operations & admins can be submitted 3 months after the proposal passes per AIP-1, Guideline 6. forum.apecoin.com/t/aip-1-propos…
Read 11 tweets
Yat Siu Profile picture
Oct 5, 2022
1/ .@animocabrands is excited to announce our partnership with @coolcatsnft one of the earliest, important and cutest #NFT metaverse first collections out there, to celebrate I picked up a few #CoolCats including this rare beauty #CoolCatsNFT #7807 a little🧵👇 Cool Cats #7807 owned by ys...
2/ .@coolcatsnft has been a friend of the @animocabrands ecosystem for a long time from an early partnership with @TheSandboxGame geekmetaverse.com/cool-cats-anno…
3/ and another one with @ARC8App @GAMEEToken @GBotsbyGAMEE @PrizesApp as well as other members of the fam and we know that #CoolCatsNFT will continue to expand the relationship with @animocabrands & friends gamee.medium.com/cool-cats-in-a…
Read 4 tweets
Yat Siu Profile picture
Sep 29, 2022
1/ A thread on how we think of the state of the #NFT market (tldr; its growing and hardly "dead") infact from August to September volume of transactions has grown by over 30% - what's changed? 👇🧵
2/ Transaction volume of #NFT trading as compared to the peak is down in value due to price drops of @ethereum and average price but volume is back to March/April levels and recovering cryptoslam.io/nftglobal
3/ Floor prices of major NFT collections like @BoredApeYC are still hovering around 83 eth the difference is that $eth today is 3x lower in terms of USD value as compared to April opensea.io/collection/bor…
Read 9 tweets
Yat Siu Profile picture
Aug 26, 2022
1/ #blockchaingaming is here to stay .@AxieInfinity has trailblazed #playandearn #nftgames, but it’s also a natural target for anyone against #NFTs and #web3 #blockchain games. This hostility is unwarranted, unfair and often without the benefit of facts and context.
🧵👇
2/ .@AxieInfinity remains one of the most played #NFT games in the world with the following metrics:

771,000 monthly-active on-chain users
370,000 weekly-active on-chain users
2.3 million Axie holders
4 million Ronin wallet downloads $AXS $RON #blockchaingames
3/ The financial strength of @AxieInfinity is starkly evident, with current FDV close to $4B (it listed at $27M). It not only weathered a major hack but also repaid all losses to affected players, a testament to its durability and care for the community. roninblockchain.substack.com/p/the-ronin-br…
Read 13 tweets
Yat Siu Profile picture
Jul 21, 2022
1/ @Microsoft @Minecraft has just revealed that it will exclude anyone, without notice & due process, simply if they disagree with them and that they too operate as a digital dictatorship changing their terms of service on a whim washingtonpost.com/video-games/20…
2/ #minecraft has directly caused pain and suffering to an innocent & blameless minority who was purged and cleansed without regard to their circumstances and without advance notice causing at least >$100m in damages coindesk.com/business/2022/… (we have no stake in @nftworlds)
3/ @Minecraft has provided no evidence that operating #NFTs are harmful to their community given that a vast majority of all players are not engaged in any #blockchain version. Previous term did not disallow #NFT or #blockchain implementations of #minecraft have existed before
Read 10 tweets

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