Meta’s $10B metaverse investment is ‘not enough’ according to Animoca Brands’ Yat Siu

Yat Siu, the co-founder and executive chairman of Animoca Brands, has a lot of thoughts about the metaverse. That’s because his company owns The Sandbox and has investments in many different web3 companies, such as OpenSea, Dapper Labs and Axie Infinity. At TechCrunch Disrupt, he shared his thoughts about Meta’s take on the metaverse. They said they’re going to spend $10 billion a year to make the metaverse work. Well, here’s the thing — we think $10 billion is not enough for Facebook to succeed. Billions of dollars are transacted in the open metaverse space — actually much more when you consider fungible tokens.

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