Technologist Yat Siu believes the "open metaverse" -- a decentralized version of the internet also known as web3 -- is laying the foundation for a freer, fairer, more prosperous society. In a future-focused talk, he explores the transformative possibilities of web3, from enabling digital ownership and the creator economy to providing a much-needed update to capitalism.

For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch.

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TEDNext: ted.com/futureyou

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TEDAI San Francisco: ted.com/ai-sf

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