The crypto market is slowly but surely recovering. It’s been revealed that the host of popular crypto channel Coin Bureau is unveiling one nascent crypto sector that he believes is positioned to reward the efforts of billions of users across the world.
GameFi has a great future
The analyst known as Guy recently explained that he’s keeping a close eye on GameFi, an emerging sector of the crypto market that allows gamers to earn digital assets such as tokens and non-fungible tokens (NFTs) for their in-game activities.
Guy recently said that GameFi is changing the way how gamers are being incentivized to invest time into games.
“In-game NFTs are revolutionizing the way players engage with their time spent in the virtual domain. This is done by allowing them to leverage a new and alternative paradigm of economic propositions fueled by digital asset ownership and in-game NFTs.”
Guy says that he is particularly optimistic about the prospects of pioneering play-to-earn games like Axie Infinity (AXS), The Sandbox (SAND) and Decentraland (MANA).
“I think GameFi embodies one of the most exciting and leading-edge ecosystems in the blockchain space at the moment, and I foresee an incredibly bright future for some play-to-earn games, especially those with first-mover advantage like Axie, the Sandbox. Decentraland and a plethora of others.”
Latest news about NFTs
Earlier today, we revealed that there are some pretty exciting moves involving NFT Marketplaces and social media. Check out the latest reports below.
The online publication the Daily Hodl notes that Facebook and Instagram are reportedly planning on integrating a non-fungible token (NFT) marketplace into their social media platforms.
According to a report coming from The Financial Times, Meta, the owner behind the two tech giants, seeks to join various other companies riding the wave of NFT adoption which is on the rise these days.
