Billion-dollar crypto VC says DeFi-style tokens and fun could boost gaming | Headlines | News | CoinMarketCap

08/02/2023 02:54
Billion-dollar crypto VC says DeFi-style tokens and fun could boost gaming | Headlines | News | CoinMarketCap

Since early last year when Framework Ventures said it had “earmarked” about $200 million for blockchain gaming, the funding of crypto-enabled video …

Since early last year when Framework Ventures said it had “earmarked” about $200 million for blockchain gaming, the funding of crypto-enabled video games has experienced a slowdown. But that could all quickly change if developers can figure out how to unlock token potential, reduce friction and go multiplatform, according to the firm’s co-founder and partner Michael Anderson.

Asked to outline what the blockchain gaming space needs to do in order to turn the corner, Anderson echoed a similar refrain: make games that are “actually fun to play."

“Most of the crypto games that are live today are not games that people would put hours into without a financial incentive,” Anderson told The Block. "That's a major problem if the space wants to onboard new users."

Although fun trumps the pull of …

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