How has gaming shaped crypto adoption?
The debate of mass crypto adoption is still hanging over the air given the amount of regulation and legal suit against crypto and big players in the industry especially when you look at the amount of legal suit against the likes of Binance, Kraken, Voyager, FTX, Coinbase, Ripples, Ethereum founders etc. This has cost the crypto space time and momentum to attract the much desired mass adoption. Now, enter the blockchain gaming ecosystem.
The gaming industry has the capacity to onboard billions of gamers with intuitive UX, UI and an efficient token economic model. This has resulted in projects like Axie Infinity, Sand Box, Hamster Kombat, Pixel Pals on boarding hundreds of million of users into the crypto world. But one thing that still evades gamers is the lack of a clear economic model that caters for long term opportunities in the ecosystem hence most games actually regressed after a while due to a lack of progressive economic model ideas to drive the ecosystem.
This is something which might become a long stumbling block for the ecosystem though we've seen the emergence of Mocaverse which is trying to unite all games with one unique indentity management known as Moca ID. This broader ecosystem is believed to be building an economic model to help grow these games beyond the foreseeable future (how? I don't know atm).
However, with the collaborative approach of etfs, blockchain games, RWAs and ZK protocols, massive adoption can rapidly be achieved. No wonders the US presidental election is shaping up to be more of pro- vs anti- crypto stuff with major candidates taking steps to sway pro-crypto electorates.