The value of the internet is being restructured, again. This time it is not just about information or communication. It is about ownership, identity, value, and agency. A big question we tried to answer was how Asia may be building the foundation of a new economic operating system for the world.
The next era of the internet will not be defined by faster applications or richer interfaces, but by a fundamental shift in who owns the digital world. In ATP's conversation with Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, and Kenneth Shek, Project Lead at Moca Network, a clear theme emerges: digital property rights, portable identity, and programmable value will form the new economic foundation of the internet.
Some of the topics that Yat and Kenneth covered in detail include:
How the early web democratized information but failed to democratize ownership, allowing platforms to capture nearly all of the economic upside.
The internet's first revolution was the dissemination of information. The next phase will be driven by full digital property rights.
Yat asserts that blockchain returns ownership to individuals in the same way that property rights created modern capitalism.
Yat's belief that open source software created an arbitrage for those who knew how to code.
The mistake that "digital identity" simply means a digital passport. Digital identity is the totality of your data, behavior, and reputation, and the value others assign to it.
The assertion that tokenization will create the greatest financial literacy boom in human history.
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