In the first few weeks of the year, a considerable amount of capital was allocated to investment pools looking for the next big thing in GameFi — the collision of crypto and gaming. In January, FTX established a $2 billion fund to target gaming; shortly after Singapore’s Crypto.com Ventures upped its $200 million fund to $500 million saying that gaming was one of the investment themes it planned to double down on.
This enthusiasm that crypto investors have for gaming is matched by executives at some of the gaming industry’s largest incumbents: leadership at EA and Ubisoft have both said that blockchain technology, as well as NFTs, represents the “future of gaming’.
While mainstream crypto gaming has already had the challenge of lukewarm consumer interest, the industry faces an even greater challenge in some of the most important markets in Asia, a strict regulatory framework.
Laws already on the books
Usually, with crypto, there’s an element of regulatory fog. However, with…