Vitalik Buterin points “Bad gamefi” amid crypto resurgence - CryptoCrazeNews

Vitalik Buterin points “Bad gamefi” amid crypto resurgence

Vitalik Buterin points “Bad gamefi” amid crypto resurgence

Vitalik Buterin points “Bad gamefi” amid crypto resurgence

The Web3 industry is aiming for a revival as the crypto market printed greens all around last year. Amid the resurgence managing partner at Dragonfly pointed out the lessons learned from the industry. However, Vitalik Buterin also jumped into the matter and commented on the matter. The DeFi tokens’ market cap has recorded a 9.87% increase over the last day.

Vitalik Buterin on Defi and gaming

Haseeb Qureshi, Managing Partner at Dragonfly, highlighted the widely perceived flameout, a decentralized finance (DeFi) project. His insights sparked a conversation involving the co-creator of Ethereum. Buterin showed the importance of making blockchain games enjoyable.

Vitalik Buterin extended this perspective to the realm of crypto social networks. Ethereum’s founder suggested that their success should be rooted in user engagement rather than being solely tied to financial speculation. 

Top gaming cryptos’ have shown resilience as their cumulative market cap jumped by 0.73% over the last 24 hours. It now stands at $18.3 billion. Immutable (IMX) is the top crypto in this category. IMX price recorded a surge of 158% in the last 90 days. Immutable is trading at an average price of $2.17, at the press time.

Ronin is another token in the list by surging over 384% in the last 90 days. However, cryptos like The Sandbox (SAND) and Axie Infinity price have also surged by 9% and 18%, respectively.

Despite challenges, Qureshi showed optimism and stated that it might be premature to dismiss the concept of a social network deeply intertwined with money and speculation. He pointed out that as many ideas take multiple attempts before succeeding.

Crypto and AI, A good mix?

Ethereum co-founder, recently shared his insights on the mixing of crypto and AI in a blog post. This comes in when ETH breaks out from dealing with the increased selling pressure. Ether has managed to gain over 2% in the last 7 days. It is trading at an average price of $2,317, at the press time.

Buterin categoriesd AI as a Player in the Game. In this category, AI serves as a participant in a protocol-driven game, such as a prediction market. Here incentives are determined by human inputs.

Another area is where AI is an Interface to the Game. Here it assists users in understanding the crypto world and aligning their behavior with intentions. The tech offers enhanced features like scam detection in crypto wallets.

However, here comes AI dictating the Rules of the Game. This category involves AI making subjective decisions for decentralized autonomous organizations (DAOs), serving as “AI judges.”

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