Yat Siu, co-founder and chairman of Animoca Brands, believes that widespread mass adoption of cryptocurrencies is imminent, with blockchain gaming poised to be the catalyst.

In a recent episode of Decentralize with Cointelegraph, recorded during the Consensus 2024 conference in Austin, Texas, Siu expressed his belief that mass adoption could occur within the next 12 to 18 months. He attributes this timeline to the increasing availability of tools for distributing Web3 applications, noting that even legacy players like Apple, Google, and Valve's Steam will eventually join the Web3 revolution.

Siu sees gaming as the primary driver of mass adoption due to its social nature. He emphasizes the power of blockchain communities and envisions a future where hundreds of millions, or even billions, of people participate in decentralized networks, making them "completely unbeatable."

Regarding the metaverse, Siu dismisses claims of its demise, asserting that it is very much alive. While Facebook's rebranding to Meta may have influenced perceptions of the metaverse, Siu argues that true metaverse begins with owning digital property and fostering community. He sees the Web3 space as an "open metaverse" where virtual opportunities translate into tangible value, with the sector already reaching a size of $2.5–$2.6 trillion.

Siu's insights underscore the transformative potential of blockchain technology, particularly in gaming and digital ownership. As the crypto industry continues to evolve, Siu's optimistic outlook suggests that mass adoption may be closer than previously thought.

To delve deeper into Siu's perspectives on memecoins, financial education, and Animoca Brands' investment strategy, listen to the full episode of Decentralize with Cointelegraph on Cointelegraph’s podcast page, Spotify, Apple Podcasts, or your preferred podcast platform. Additionally, explore Cointelegraph’s lineup of other shows for more insightful discussions on the latest trends in the crypto space.