Spot BTC ETF Encouraging Blockchain Games: Ya Siu
The excitement surrounding a possible spot Bitcoin ETF is not only driving up Bitcoin’s price but also resurging interest in blockchain games, according to Yat Siu, founder of Animoca Brands.
The price increases of many cryptocurrencies have reignited investor confidence in the Web3.0 gaming market and may have sparked a fresh wave of related on-chain activity.
Token values are a way of confidence building in terms of users and utility, not just money but also confidence in what one owns.
Experts believe that key indicators of growth and conviction in the GameFi sector can be best measured by closely examining on-chain activity.
(With inputs from Shikha Singh)
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