As the U.S. has been off for an extended long weekend, markets were soft as Asia began its Wednesday trading day. Bitcoin was down 1.1% to $30,807, while ether was down 0.8% to $1,939. TheSamReynolds writes
The GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.
“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.” Siu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.
But he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.outlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF ApplicationsPLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
Read more »
First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin RefilingBitcoin began Tuesday's Asia business day at $31,153 as the world’s largest digital asset rallied on Monday after prospective spot BTC ETF issuers re-filed their applications. ALSO: The first half of 2023 has been good for majors. By TheSamReynolds
Read more »
Morgan Stanley says 4 cybersecurity giants will benefit from a $30 billion A.I. trendThe Wall Street bank expects the four companies to double down on AI and profit from a share of $100 billion in savings.
Read more »
‘South Park’ creators’ Casa Bonita restaurant to ban tipping after paying staff $30 an hourSouth Park creators Matt Stone and Trey Parker recently reopened the famed Mexican restaurant and entertainment venue Casa Bonita with a novel pay structure for wait staff featuring $30 an hour but…
Read more »
Amazon Put These 7 Hair Growth Products on Sale For The Fourth of JulyAmazon to the rescue 🏃♂️
Read more »
Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day – Market Updates Bitcoin NewsEthereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data.
Read more »