It’s been a pretty bad year for cryptocurrency, even if Bitcoin’s price is soaring once again. There were scandals involving FX and Binance that are still playing out and making everyone cautious about avoiding blockchain scams.
Many have written off blockchain games as an overhyped trend that is coming to its end. Billions of dollars have been invested in such games in the past few years, much to the chagrin of traditionalists in game development and among Western gamers in particular. They think it’s a bunch of scams.
But Yat Siu, executive chairman of Animoca Brands, sees this as a “cleanup year,” as he remains one of the biggest believers in blockchain games. In an interview with GamesBeat, Siu said, “We’ve cleaned up a lot of what needed cleaning up this year.” As a result, he sees 2024 as a strong year ahead, with a chance for a phoenix to rise again. Siu has to look on the bright side, as his company has invested in hundreds of blockchain game deals over the years.
Source: Venture Beat