Play-to-earn games are the catalyst for this bullish period in the marketsIf you’re conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during ‘s (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the bullish mood crypto enthusiasts and stakeholders are in at the moment. And this bullish sentiment is a result of the gaming niche.
A lot of people say it’s decentralized finance (DeFi) season and I can’t even argue otherwise with them because the facts are there for all to see. DeFi-based nonfungible token (NFT) games are pumping to record highs and they continue to get a lot of people adopting and playing them which makes one wonder, what exactly is the motivating factor behind gamers and crypto enthusiasts flocking in the thousands and spending hours every day playing these games.
Evan Luthra is a Top 30 Under 30 tech entrepreneur and blockchain expert holding an honorary Ph.D. in decentralized and distributed systems. His companies, StartupStudio and Iyoko, invest in and help build the companies of tomorrow. Evan is a featured speaker at various universities and conferences around the globe.
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