Teck Wee, an established professional in the accounting and finance fields, discusses how the metaverse will fuel massive innovation for user experience and economic utility.
Teck Wee, Affyn CFO
Who is Teck Wee?
Known for his financial acumen, Teck Wee has extensive experience across technical accounting, auditing, financial and risk management, and business transformation. Before joining Affyn, he served as an Associate Director in the Risk Consulting department of KPMG, one of the Big Four accounting firms. He specialized in providing accounting advisory to multinational corporations, listed companies and private enterprises, focusing primarily on the financial and technology sectors. He was also involved in several high-profile IPOs and provided carve-out consulting for clients in Southeast Asia.
Because of his expertise, Teck Wee will lead Affyn’s financial operations to support its continued growth and transformation. As we plan for the future of Web 3.0, Teck Wee’s know-how coupled with Affyn’s innovative capabilities brings an irresistible proposition for a sustainable metaverse. We are excited to have Teck Wee, who is laser-focused on our vision to bring people closer through an exciting metaverse.
Teck Wee in Affyn
As Affyn’s Chief Financial Officer (CFO), Teck Wee is responsible for the direct oversight of the financial operations. He is also a part of the executive team to strategize and optimize the company’s revenue growth strategy. He plays an important role in achieving the vision of building a sustainable metaverse, which is one of the reasons he was drawn to Affyn.
Despite blockchain technology being promoted as a game-changer, its adoption is slow and frequently inaccessible to mainstream users.
“A product with the best technology can still fail because nobody uses it.”
Therefore, Teck Wee believes that understanding user needs and improving user experience are as important as blockchain technological advancements. He also believes the metaverse market size has high growth potential.
According to digitaljournal’s report, the global metaverse market size was US$ 62.6 billion in 2021. The global metaverse market is forecast to grow to US$ 848.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 39.1% during the forecast period from 2022 to 2030.
With that said, Affyn is unifying the fun and progressive element of the metaverse technology with real-world utility while also building a sustainable economy so everyone can enjoy the fruits of technological advances.
As blockchain technology advances, we hope to make it easier for the public to engage and have fun with a new technology tool. Our real-world utility will also allow mainstream users to benefit from the fast-growing market.
“As we witnessed many big players in the technology space are moving at full throttle with the development of metaverse technologies, the societal impact and effects of a fully immersive metaverse are unknown, but at the same time, thrilling because it is revolutionary,” Teck Wee said.
“Similar to a video game, the users of metaverse will focus on important key aspects that revolve around user experience and economic utility rather than the underlying technology. Affyn’s grand vision of building a metaverse where everybody can have fun together is effectively an excellent medium for people to be utilizing blockchain technology without knowing it,” he added.
“Thus, I am highly intrigued by the potential for the innovation and application of metaverse to intertwine with blockchain technology to reach mass adoption.”
Affyn is a Singapore-based company building an integrated ecosystem with a Play-to-Earn Metaverse where the virtual and real world converge. FYN token will be the official blockchain utility token which users can earn and utilize within the ecosystem.