Future

Donald Trump

The <a href="https://thecoinrise.com/ethereum-price-sparks-bullish-momentum-as-trump-wins-u-s-election/" rel="noopener noreferrer nofollow">election of Donald Trump and the anticipated crypto-friendly policies</a> of his administration are expected to ignite significant innovation in blockchain gaming and decentralized finance (DeFi). Jeffrey Zirlin, co-founder of Sky Mavis, the company behind the popular blockchain game Axie Infinity, expressed optimism about the upcoming shift in regulatory attitudes.
<a href="https://cointelegraph.com/news/defi-gaming-most-positively-affected-industry-trump-sky-mavis-co-founder" rel="noopener noreferrer nofollow">Speaking</a> at the YGG Play Summit in the Philippines on Nov. 21, Zirlin noted that token design—a critical component of blockchain gaming—could experience a revival under less restrictive oversight.
“You want to experiment with all these ways of adding utility to tokens so that you can distribute tokens via games and then have people who want to use and spend the tokens,” Zirlin stated. He criticized the outgoing administration, particularly the SEC under Gary Gensler, for creating a challenging environment for innovation in tokenomics. Zirlin believes that with regulatory hurdles easing, DeFi and gaming stand to gain the most, given their long-term value potential in the crypto ecosystem.
<h2 id="span-style-font-weight-400-memecoins-as-gateways-to-blockchain-gaming-span">Memecoins as Gateways to Blockchain Gaming</h2>
In an unconventional perspective, Zirlin defended the role of memecoins in attracting speculative participants to the blockchain space. While memecoins often face criticism for their lack of utility, Zirlin argued they serve as a “funnel” for onboarding new users into blockchain games.
“The good thing about memecoins is that they attract people who are primarily in crypto for speculative reasons. Once engaged, these users become early adopters of new blockchain games,” he explained. This speculative behavior, often dismissed by critics, might inadvertently fuel the growth of legitimate gaming projects as the hype surrounding memecoins shifts towards more sustainable and utility-driven initiatives.
Zirlin predicted that despite <a href="https://thecoinrise.com/the-next-memecoin-boom-top-5-cryptos-for-150x-gains-in-2024/" rel="noopener noreferrer nofollow">memecoins dominating the current cycle</a>, the next wave will pivot to blockchain gaming.
<h2 id="span-style-font-weight-400-utility-driven-crypto-projects-span">Utility-Driven Crypto Projects</h2>
Zirlin’s enthusiasm aligns with other industry leaders, including Consensys CEO Joe Lubin, who forecasted a prosperous future for utility-driven crypto projects under Trump’s administration. Lubin emphasized that Ethereum, with its robust ecosystem, stands to benefit from the anticipated regulatory clarity.
As the regulatory landscape becomes more conducive to innovation, both Zirlin and Lubin agree that blockchain gaming and DeFi could emerge as the cornerstone sectors of a more mature and dynamic crypto industry.
The post <a href="https://thecoinrise.com/trumps-leadership-signals-a-bullish-future-for-blockchain-gaming-sky-mavis-co-founder/" rel="noopener noreferrer nofollow">Trump’s Leadership Signals a Bullish Future for Blockchain Gaming: Sky Mavis Co-Founder</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Trump’s Leadership Signals a Bullish Future for Blockchain Gaming: Sky Mavis Co-Founder

Table of Contents

TheCoinrise Media

Other articles published on Nov 21, 2024

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

Sui Network Back Online After Two-Hour Outage

Ethereum: Retailers Holding For More Profits, Rally To Hit New ATH?

Memecoins Thrive on Social Media Platforms

Apple macOS/iOS Security Flaw: CZ Warns Crypto Users at Risk

Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"

Join our free newsletter for daily crypto updates!