Yat Siu
2 min readDec 22, 2023

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2024 will usher in a new era for Web3

The year 2023 will be remembered as a pivotal moment for the world of NFTs and the Web3 industry as a whole. With nft sales surging to an impressive $1.5 billion in the last 30 days of the year and the total value of digital assets growing to over $1.6 trillion dollars (as of the day of this posting), we have clear indicators that Web3 and the open metaverse are in robust health and that there is growing interest in these technologies.

Our sector has matured significantly. Over this past year we have seen closure and resolution for some of the darkest chapters in the history of our industry. Having sailed through the storm, Web3 finds itself buoyed by regulatory clarity in places such as Hong Kong and Japan, which created safer investment environments and enabled institutional adoption, as well as the near-certain arrival of Bitcoin spot ETFs.

The resilience of the blockchain community has been an inspiration, as the industry consistently improved security protocols and risk management. This resilience, coupled with high-profile brand collaborations, has woven NFTs, tokens and Web3 more deeply into the fabric of daily commerce and communication.

As we close the chapter on 2023, Web3 markets stand on the brink of a new era, fueled by record sales and a multi-trillion-dollar market opportunity. The foundations erected during the #crypto winter of 2023 are robust, and as we look to 2024 it is obvious that this past year’s developments have laid a solid groundwork for growth, innovation and mainstream integration of #blockchain into our digital lives. We are heading into a future where all of us will be able to enjoy the benefits of true digital ownership conferred by digital property rights (keep a close eye on pivotal initiatives such as our own Mocaverse,

and many other Animoca Brands initiatives in #blockchaingaming #web3gaming and #education).

As we end this year, we are both deeply appreciative and grateful for the patience and support of everyone in the

family: shareholders, team members, group companies, portfolio companies, as well as the broader Web3 family.

Wishing you all a very happy holidays!

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Yat Siu

Entrepreneur and Founder of Outblaze, Animoca Brands, Dalton Learning Lab and others. Tech guy, Investor, geek and Father of 3 Fun Kids