$ AXS: FTX CEO Says Axie Infinity Success Is ‘Proof’ Of GameFi’s Potential
The co-founder and CEO of the FTX cryptocurrency exchange has called non-fungible tokens (NFTs) and blockchain games the next big crypto innovation, while highlighting exemplary altcoin as an opener. the way.
Speaking in a recent interview with Scott Melker of the Wolf Of All Streets podcast, FTX CEO Sam Bankman-Fried (SBF) predicted a bright future for crypto-based games. He pointed to the NFT-based Axie Infinity ($ AXS) online gaming network as an example of how the industry was being shaped.
Like reported by The Daily Hodl, SBF said,
i think axie [Infinity] is proof of how powerful that can be, because in many ways it really came from a place of weakness, not of strength.
SBF claimed the game had little adoption before it branched out into crypto and used digital assets as a building block. He pointed out that the play format for winning play was particularly compelling, making it more successful for other existing blockchain games such as CryptoKitties.
The CEO of FTX admitted that Axie was not “the most engaging” or “the most exciting” game, but that it benefited greatly from the integration of collectibles and NFT digital assets, which he said. called it “super convincing”.
SBF predicted that the entire gaming industry would continue to embrace NFTs and make them part of their future plans going forward.
I think they [NFTs] could really improve video games. And we just saw that every publisher, big and small in the world, is at least looking at it right now. They at least have one team looking at what their NFT plan will be, their metaverse plan, whatever they all call it something different.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries a risk of financial loss.