So broadly speaking, I think the growth that we're seeing in 2021,
I think we'll continue in 2022. And part of the reason is that I think we've reached this point
where we're past the, you know, there's obviously market speculation as well,
but we've now reached a point where people are entering the space who are not really there
just because they want to make a quick buck. But they actually now really interested about
what decentralization means. You know, the ethos of blockchain, the ethos of building,
you know, more equity and more for ownership, and that's starting to really come together.
The people that are entering the space
are now here also because they're building, now for instance, a person in the gaming industry,
almost every game company in the world is now looking at blockchain, right?
I mean, there's a few people, actually, quite a few people still are like, Oh,
I'm going to touch that and it's it's all a scam, and I'm not sure about it.
However, you know, Eaeh has said it's important. You know, Ubisoft, one of our shareholders,
has also made it one of their sort of bigger focus points Square Enix. I mean, it's,
you know, all those large corporations in the gaming world, for example, are looking at it.
You know, when Facebook announced that they're going to be meta
and sort of be the metaverse, even though they're metaverse is not one
that is powered by blockchain or maybe one that is truly open.
People are now becoming aware. And so when you think about sort of the whole sort of
sort of graph of adoption, we're at the early adopter cycle, but we're very,
very rapidly moving up that cycle now because what you know, even among non-financial circles,
you have people talking about the potential of the metaverse. So from that perspective,
I think we're now going to go from millions of users that are in the space.
But we're going to shoot in my prospective way past. Tens of millions in 2022
will be in the hundreds of millions of users essentially, you know,
in the open metaverse through blockchain. Essentially, that's what we think will happen.
Many of the companies that have emerged this year putting big budgets into,
for instance, blockchain games are going to be ready to launch these games next year.
Companies like ourselves who have been working on high quality games like phantom galaxies
already earlier, right, or the launch of Sandbox really just,
you know, by the end of this month, for instance, right?
These are things that have taken many years to develop. Are now finally coming out.
So you can kind of measure that and say, OK, the quality bar of these titles are
coming out fast and a faster and faster because more money is being invested in it.
Bumps aside, the long term trend, from our perspective, is very, very clear. So I think
it's just going to, you know, the macro. We're just going to continue to see to see growth.
The metaverse is going to be very much like a multiverse, right? Meaning that when you
think of the construction of one chain or one, sort of, let's say, sandbox or one
river or whatever ecosystem you might be thinking of it, whether it's layer one, layer two or DApp,
we can we view them very much as like the construction of either cities or countries.
And in that sense, we don't think it makes sense to have just one,
right? I mean, you think about the economic structure of every token infrastructure.
It's actually not to be viewed like that of a country, so for that of a company,
but should be viewed much more of that of a country, meaning that
the economic success and sort of the call it GDP per capita is a better measure of success of
that ecosystem, that community than how much profits it generates, for instance, right?
And I think this is this is where maybe traditional ways of looking at it
struggle with this because they're trying to see how much value is being extracted from it.
When in fact, actually when you think about, you know, any community building exercise,
which you know, blockchain powers, in effect, it's actually how much value is
being generated from within for the community that exists within very much like a country.
Right.
So I think I think this is this is sort of where. I think the metaverse will go
that will have many, many chains, many layer ones and layer 2s. There will be interoperability
through bridges, much like, you know, one way to describe them could be like the DHL or FedEx is
basically. Of the metaverse, where you can literally transfer and transport items safely
across, you know, the various sort of metaverse.
But I don't think it's going to be sort of a winner takes all. I don't think
there's going to be one, in fact. I think it would be rather depressing if there was one,
because then mean it means that it would impact things like choice, diversity,
inclusion. All these things would struggle and suffer if there was only one such environment.
The big thing around all of these comes from one major paradigm as far as we're concerned,
which is actual true digital ownership. If you can have actual safe and secure property rights
in the digital space, no matter which chain you're on or which metaverse you're on.
Then from there, the foundation can be built for what we consider is the true metaverse.
If people couldn't own their homes, you couldn't build a, you know,
you couldn't build a furniture business or you couldn't build, you know, a kitchenware business
if there was no such thing as ownership of property that was secure, right? So,
you know, all if you think about every business in the world today actually composes on top
of another business, which actually comes from the fact that you own that property.
And that, to me, is the big promise of the open metaverse, which is we can construct
exactly the same way how we live in the physical world in terms of innovation
and ideas and creation of new things, because I happen to own this and that ownership is secure
and prove it. So, so that's what really the open metaverse is about,
which, you know, the close metaverse is that some companies are trying to build
are absolutely not doing that, and we think ultimately they will fail.
But obviously, I think that is going to be a big thematic in the coming years where there's
going to be those who will try to build the close metaverse and then, you know,
everyone else by companies like ourselves that are trying to build the open metaverse.