Animoca Brands Co-Founder on AI, NFTs and Blockchain

Yat Siu, co-founder and executive chairman of Animoca Brands, discusses AI, NFTs and the macro picture surrounding Blockchain technology with Bloomberg’s Caroline Hyde from the sidelines of the the 2023 Qatar Economic Forum. The government of the State of Qatar is the underwriter of the Qatar Economic Forum, powered by Bloomberg.

NFTs Explained: NFTs For Authors & The Creator Economy

Jesse Krieger is an author, publisher and founder of Lifestyle Entrepreneur Press. He understands the whole world of authorship and publishing., as a creative, take advantage of what is going on in the nonfungible token or NFT space, which is where Jesse is an expert. He has over 150 titles on his list and in his back catalog.

For today’s discussion, he is the co-founder and chief content officer at where it’s his mission to connect authors and fans in valuable new ways using NFTs and Blockchain.

Whatever Happened To NFTs?

Not too long ago, we were seeing headlines about hype NFTs like bored apes and crypto punks selling for over half a million dollars. But, ever since the crypto market started to crash, so has the NFT market. Ironically, the floor price of many of these NFTs hasn’t changed all that much due to low volume. However, given that the underlying crypto which is usually Ethereum has crashed by 80%, the overall price of most NFTs has also crashed by 80%. While this may be rather painful for many speculators, this is likely a good thing for the NFT market as a whole. You see, the primary purpose of NFTs is not to buy overpriced jpegs and flex on social media. Rather, NFTs have a slew of legitimate use cases such as proof of ownership, monitoring the supply chain, and keeping track of records and credentials. These were the reasons that NFTs were originally created, but over time, the more speculative side is what they’ve become known for. This video explains the true purpose and potential of NFTs and why the recent market crash is just what the NFT market needed to reset and move forward.