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GameFi will become the onboarding point for Metaverse — Animoca Brands CEO

Published 10/12/2022, 07:53 AM
Updated 10/12/2022, 09:40 AM
GameFi will become the onboarding point for Metaverse — Animoca Brands CEO

The $200 billion gaming industry is rapidly becoming a key point of interaction between Web2 and Web3. In recent times, a growing number of gaming companies have integrated digital wallet support and nonfungible token (NFT)-based reward systems and even launched their own metaverses.

The growing prominence of GameFi in the Web3 economy makes the likes of Animoca Brands believe that it will become an onboarding point for the Metaverse. During the Future Blockchain Summit, Animoca Brands co-founder Yat Siu said that its focus is on the gaming industry, as it’s closer to a metaverse than any other industry. He noted that GameFi would become an “onboarding point for metaverse and introduce people to digital ownership.”

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