GameFi has the image of industry’s newest vertical but analysts warn that the industry’s most crucial markets, gaming and crypto, may present regulatory issues.
A significant amount of money was put into investment pools in the hopes of finding the next big thing in GameFi: the fusion of crypto and gaming. In January, FTX launched a $2 billion gaming fund, while in February, Singapore’s Crypto.com Ventures increased its $200 million fund to $500 million, stating that gaming was one of the investment themes it aimed to expand.
Some of the gaming industry’s top executives believe that blockchain technology, as well as NFTs, represents the “future of gaming.”
Crypto gaming has already seen unwelcoming interest but now the industry may face greater challenges from regulatory bodies in Asian markets.
It’s a wrap for this story.
Related:
- Roller-coaster for investors in January, although NFT and GameFi seems fine
- Kingdom Karnage raises $2 million for GameFi Features from Animoca Brands, Enjin, and DFG
