While the current market downturn stopped some in their tracks, industry veterans plan for the future. Be[In]Crypto spoke to Nir Hemo of Algorand about what makes up the future of Web3.
The crypto space is not exempt from the battering waves of industry trends; whether it be scooping up real estate in the metaverse or ape-themed NFTs. Shallow hype dies away, especially in a bear market, though certain industry excitement is backed by continuous innovation and engagement.
GameFi is an area of particular prominence in the emerging tech scene. It is now intertwined with major global industries including fashion and education. In short, GameFi is any crypto project which incorporates emerging financial technologies – specifically a gaming token– with online games.
Crypto gaming projects have their own ecosystem, often their own currencies, and allow users to interact with virtual worlds through digital asset ownership. Most of these games are play-to-earn. Therefore the more gamers...
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