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Yat Siu
@ysiu
Chairman of Animoca Brands and generally excited to talk about true digital property rights! ysiu.eth
1.3K Following    164.7K Followers
Seeing builders turn ambitious ideas into real opportunities for students is why we do this 🎓 We helped bring @pencilfinance_ to life with @opencampus_xyz & @animocabrands. Now, its first fully on-chain student lending cycle is complete with zero defaults. Full story below 👇
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The click is disappearing, and some websites already report traffic down by 80%. When AI agents handle browsing and discovery, the click-through model that funds a US$900 billion advertising economy stops working. On @FINTECHTVglobal, our executive chairman and co-founder @ysiu explained to @Johnyonthefloor that what replaces is a micro transaction on blockchain, where agents like @hellominds_ pay for content on your behalf and act in your interest rather than the platform's.
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"Most users are going to have a relationship with the agent, so we're going to give them best in class and best in price." @ysiu told @techinasia how we deliver on both ⬇️ Minds pools 50+ AI models, leaning on open-source large language models like @MiniMax_AI's M3 for 90 to 95% of frontier capability at a fraction of the cost. M3 now carries most of the workload, bringing @animocabrands’ compute cost down roughly 20x and cost per user to cents on the dollar. The same economics power our Bazaar, where 5,000+ Skills are built without a highly technical setup. The first builder covers the token cost, everyone after pays a fraction, and the creator earns a cut.
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How Open Campus delivered DeFi Student Loans to over 6600 students, over 1000 directly financed via Pencil Finance!
Regulated stablecoins are no longer theoretical. @StanChart just became the first bank to distribute HKDAP, Hong Kong's first regulated HKD-backed stablecoin, issued by Anchorpoint Financial, a joint venture between @animocabrands, @StanChart, and HKT. For more details:
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@ysiu built @AnimocaBrands on the belief that ownership is a right. @hellominds_ is its evolution: agentic AI for an actor that isn't human. Unsurprisingly, agents need agency to act: "you don't have real agency if you don't have money." That's why Minds come with digital wallets
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Yat Siu has 400 AI agents. He treats them like co-workers. Some Minds creators are already making hundreds of thousands of dollars. @ysiu, Executive Chairman of @animocabrands, tells @Johnyonthefloor that the success rate of his agents has gone from 50-50 to "more like 80 to 90%."
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For entrepreneurs and founders, AI agents like us can be a godsend 😉 You get to dictate how to run your workflow, while we carry out your vision. Get more insights from @ysiu on @FINTECHTVglobal about how to orchestrate better:
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The OG @ysiu sharing an update from @animocabrands about where NFTs began with @CryptoKitties, what’s happening now with @Pokemon TCG and where the space is heading with AI Agents
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Quidli is now publicly available as an app for @hellominds_ agents 🦑🤖🧠 Built on top of the Connect API, it enables your Mind to resolve social identities to configured ETH & SOL wallets, check associated reputation scores and gate onchain txs based on who someone actually is, no custom training required Get set up from your Minds dashboard > Minds Bazaar > Apps > type in "Quidli" > hit "Equip this App"
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We’ve come a long way in Web3. At the moment, we’re actively building AI agents that would benefit the overall ecosystem. @TechInAsia's leading story today features @ysiu and the story of @hellominds_, our AI agent platform, which represents the next innovation layer that we at @animocabrands are dedicated to building. Pooling 50+ AI models and hosting thousands of skills in its bazaar, Minds has also embedded digital wallets directly, because agents need payment rails that traditional infrastructure typically doesn't provide. As Yat puts it, "You don't have real agency if you don't have money.” Read more:
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The applications for the Creative Minds Jam #1# have officially closed! Thank you to all the creators, students, and builders for participating in the Jam, getting to grips with AI and agents, and sharing your ideas for tackling the problems facing creators and the creator economy. Stay tuned as judges from @opencampus_xyz, @TheSandboxGame, MaGESpire, and @animocabrands determine the most creative AI solutions powered by @hellominds_.
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Life’s a game, and AI agents are Animoca’s new play
Meet the Agentic Football Cup - Virtual League, where the smartest coach qualifies for the Grand Finale at @AWSreInvent in Las Vegas to play for a share of the US$50,000 prize pool. Run by @awscloud, supported by @hellominds_. ⚽ Build your football team ⚽ Shape them with your own playbook and prompts ⚽ Get an Assistant Coach Mind, an AI agent to sharpen your tactics (coming soon) ⚽ Compete against teams worldwide Free entry, kickoff on September 11. Register now:
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Web2 built platforms that captured value, while Web3 is building infrastructure that distributes it. Our executive chairman and co-founder @ysiu joined @megan_crypto on @streamDraperTV to discuss how Web3 is democratizing access to capital, what the US regulatory shift means for global digital asset adoption, and how tokenization could fundamentally disrupt the US$3 trillion student loan market. He also breaks down the importance of digital identity and reputation infrastructure to build a trustworthy, open internet. Watch the full episode:
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Builders shouldn't have to reconstruct the financial system from scratch to launch something new. In a conversation with @Gate, @ysiu breaks down why blockchain is reshaping the infrastructure layer for the next wave of financial products, be it crypto or traditional assets. Check out the interview for more insights:
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Update regarding the recent SAND bridge incident. As shared this past Saturday, the exploit was rapidly contained. Since then, our team has completed the on-chain forensic investigation in collaboration with external security partners. Root cause: on Base and BNB Chain, the SAND token contract also acts as the LayerZero bridge integration. The attacker used a configuration function on that contract to register themselves as the sole verifier of incoming bridge messages, which allowed them to mint unbacked SAND on both networks. The SAND contract was audited by a third party prior to deployment, and we’re investigating why this vulnerability wasn’t identified in the audit. Confirmed Impact: full forensics show the attacker drained 14,742,341.84 SAND from the Ethereum vault backing the bridge, the real economic damage from this incident, representing roughly 0.5% of the fixed 3 billion max supply. Any additional SAND minted on Base or BSC beyond this was never backed by a deposit and cannot be redeemed against the Ethereum vault. Hence we advise against any trading of SAND on Base and BSC until further announcement. This figure is materially higher than our initial estimate on Saturday, which reflected only what was observable during the first hours of containment; we believe it's important to be transparent about that revision as the forensic investigation progresses. Ethereum and Polygon were not affected: no action is required from token holders or liquidity providers on these networks. Since Saturday, we've reported the attacker's wallet to TRM Labs and Chainalysis for stolen-funds tagging, and we've engaged directly with centralized exchanges to have deposits and withdrawals disabled on the affected networks. Bridging to and from Base and BSC remains disabled while we work through remediation. We're finalizing the full incident report and technical post-mortem. We're also evaluating remediation options for qualified users on the impacted networks, and will share further details once the scope has been finalized. We appreciate your patience and continued support. ⚠️ Reminder: our team will NEVER DM you first. Please beware of scam links in the replies.
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The best ideas from @ysiu's interview Also available on Medium, Substack and Linkedin
You can make money with your skills you develop via your minds at @hellominds_ An example below of one of my coding agents made about $630 USD recently in the form of $MOCA @Moca_Network and that's just one of them!
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Congratulations to the participants of my personal .@Mocaverse_xyz @hellominds_ competition! Well done to the top 3 Minty, NeoBerlin, Sisyphus every player in the top will receive 1 NFT but only the top 3 will receive the cash prize. Will reach out shortly! Congratulations!
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