Focus on Concept Art House partner, co-founder and executive chairman of Animoca Brands, Outblaze founder and CEO Yi Siu sat down with Bloomberg's Kailey Leinz at the Bloomberg Crypto Summit to talk about the future of gaming, NFT, building meta-boundaries and what's next.

Animoca Brands CEO Xiao spoke at the World Economic Forum's new Champions Dialogue 2022 on July 18-19.

Xiao said that in the past decade, the metasexes have developed very fast, and the use of data should be more diversified, such as the need to have a very good management of numbers and open situation. At the same time, Xiao Yi pointed out that we also need to consider the blockchain, because the blockchain has developed very fast now, how to regulate is a relatively big problem. Indeed, the dependency of blockchain is very important, and it also needs to respect individual rights or privacy.

Yi Xiao, CEO of Animoca Brands, said: "Over time it becomes understandable why people go to the App Store, because it makes a lot of money from the App Store, so they don't go the other way, and that's why we're investing heavily in the meta-universe, where everything is open, and we believe open is the only way."

Meanwhile, Animoca Brands CEO Yi Xiao said, "We know there's a lot of regulation in China, but [traditional companies] are still very eager to use this new concept to fit into a new generation."

Animoca Brands has cast an extensive network through its investments in the crypto industry, investing in more than 100 startups, including leading NFT overseas markets and creators of Smash, Ethereum based on the game Axie Infinity. For Animoca, it's all about contributing to the growth of the nascent online "metasomes."

Metbound is a term we often hear in the crypto industry. Meta boundaries refer to shared online Spaces that can be used for everything from work to play, not to mention social interactions, shopping, and more. NFT collectibles could become the 3D incarnation of Metaverse, for example, with asset ownership providing users with new revenue streams. This is a potentially huge opportunity for creators of all kinds. Given that, it's no surprise that tech giants like Facebook and Tencent are pouring resources into their quest for power and position in the next potential evolution of the Internet as we know it.

Animoca Brands, however, does not want that future for metacomputer -- the tech companies that Founder and executive chairman Yi Siu described in an interview as a "threat" to the open metacomputer. The Hong Kong-based company's biggest investment criterion is that it is building open, combinable elements, whether assets, tools or platforms -- that can fit into its vision of a decentralized virtual world of the future. In other words: No walled gardens and closed ecosystems like Apple's and Google's.

Mr Xiao is enthusiastic about Metaverse's potential, describing it as the defining focus of his company. He also sees a battle brewing between the project and the community to build open, interoperable tools for Metaverse and big companies that might choose the idea (and its potential profits) for their own sake.

How to pay for everything from data sharing to economic transactions in the meta-universe? How do you define property rights? For professionals, the key question is whether norms that exist in the real world can be applied to a parallel space in another virtual world.