Originally published on: November 21, 2024
Sky Mavis, the co-founder of the crypto gaming platform, predicts that blockchain gaming and decentralized finance (DeFi) will see significant growth during Donald Trump’s presidency. According to Jeffrey Zirlin, speaking at the YGG Play Summit in the Philippines, the new administration in the United States is set to create a more favorable environment for these sectors.
Zirlin believes that the token design space will particularly benefit from the regulatory changes under the new administration. He notes that the previous regulatory framework, led by Gary Gensler and other Democrats, posed significant challenges to innovation in this area. With the regulatory landscape now opening up, Zirlin sees this as a bullish sign for DeFi and gaming, which he considers to be the most valuable sectors in the crypto industry.
While some criticize memecoins for dominating the market, Zirlin sees this trend as an opportunity for blockchain games to attract early users. He anticipates that legitimate crypto gaming projects will gain widespread adoption in the near future, surpassing the current craze for memecoins.
Zirlin’s positive outlook on the future of DeFi and gaming aligns with industry experts’ expectations of a crypto-friendly policy under the Trump administration. Joe Lubin, the CEO of Consensys, has also expressed optimism about the potential benefits for utility-focused crypto projects like Ethereum.
With these projections in mind, the crypto industry is poised for significant growth in the coming years, offering new opportunities for investors and enthusiasts alike. For more insights into the latest trends and developments in the blockchain and crypto space, subscribe to our Crypto Biz newsletter for a weekly snapshot of key business trends. Join us in navigating the market and identifying financial opportunities in this fast-paced industry.
