Bitcoin ETF Hype Boosts Blockchain Gaming Activity, Animoca Brands Exec Says
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Spot Bitcoin ETF hype has boosted confidence and activity in blockchain games according to Animoca Brands' Yat Siu.
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Siu says token values build user confidence in Web3 gaming utility, not just monetary value.
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Siu points to on-chain activity rather than just token prices to gauge success in GameFi.
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Axie Infinity has seen a 50% jump in transactions and 14% in volume over the past month.
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Siu believes Bitcoin still underpins crypto value, and a spot ETF approval would add major legitimacy.