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'In the future, 70-80% of transactions will happen through autonomous AI agents and the decentralised nature of crypto makes it a perfect match'
Animoca Brands founder Yat Siu says crypto and artificial intelligence are interrelated. “If we think about AIs transacting with each other as autonomous beings in the future, what currency they will transact in, it has to be crypto,” Siu told Financial News. “In the future, 70-80% of transactions will happen through autonomous AI agents and the decentralised nature of crypto makes it a perfect match,” he added. Siu, who also chairs Hong Kong-based Animoca Brands, founded the blockchain and NFT firm in 2014. The company received a valuation of $5.9bn in September 2022 after bagging $110m in a funding round. “We didn’t get into this market because of bitcoin. Our emphasis has always been on NFTs and Web3,” Siu said. Siu's approach reflects a broader trend — institutional investors and wealth managers are increasing their focus on decentralised finance investments, according to research by London-based Nickel Digital Asset Management. In a global study with institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $3.5tn in assets, 81% said investment opportunities in DeFi investments are becoming more attractive, while around a quarter (23%) considered DeFi investment opportunities "much more attractive". Source: Financial News
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