{"id":24631,"date":"2023-11-06T06:17:24","date_gmt":"2023-11-06T06:17:24","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/spot-bitcoin-etf-hype-reignited-zest-for-blockchain-games-yat-siu\/"},"modified":"2023-11-06T06:17:26","modified_gmt":"2023-11-06T06:17:26","slug":"spot-bitcoin-etf-hype-reignited-zest-for-blockchain-games-yat-siu","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/spot-bitcoin-etf-hype-reignited-zest-for-blockchain-games-yat-siu\/","title":{"rendered":"Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu"},"content":{"rendered":"
Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn\u2019t just driving up the price of Bitcoin \u2014 it’s also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu.\u00a0<\/p>\n
Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence in the Web3 gaming market as well as sparking a fresh wave of related on-chain activity. <\/p>\n
\u201cToken values are a way of confidence building in terms of users and utility. It’s not for the purpose of just having money, but it’s also to feel confident about what you own.\u201d<\/p><\/blockquote>\n
“If an industry or a country isn\u2019t growing, despite the fact that prices might be high, then people can lose confidence,\u2019 Siu said. <\/p>\n
\nBusy @animocabrands<\/a> fam & frens booth including @TheSandboxGame<\/a> @MocaverseNFT<\/a> @WreckLeagueHQ<\/a> @the_phantom_g<\/a> @AnichessGame<\/a> and more at #HKFintechWeek2023<\/a> Hong Kong is clearly determined to becoming the #web3<\/a> hub! pic.twitter.com\/6spuYH7Jhy<\/a><\/p>\n