Coin Bureau Bullish on Metaverse Altcoins (Such as $SAND) Despite Crypto Price Slump

The host of popular crypto market commentary show Coin Bureau says that he is still bullish on the outlook for gaming altcoins that can leverage the hype generated by non-fungible tokens (NFTs).

Speaking in a new YouTube video, host Guy told followers that he has been watching the GameFi market with great interest. Guy argued that NFTs are revolutionizing the gaming industry by offering incentives to users who spend time within the virtual domain. Users are able to leverage in-game digital assets in order to engage in a novel model of ownership.

Guy said he was optimistic about the outlook for play-to-earn gaming platforms, such as Axie Infinity ($AXS), The Sandbox ($SAND), and Decentraland ($MANA).

As reported by The Daily Hodl, Guy told followers,

I think GameFi embodies one of the most exciting and leading-edge ecosystems in the blockchain space at the moment, and I foresee an incredibly bright future for some play-to-earn games, especially those with first-mover advantage like Axie, the Sandbox. Decentraland and a plethora of others.

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Coin Bureaus host predicted that GameFi could lead to greater mainstream adoption for crypto and digital assets. He noted that there are more than 2.7 billion active gamers worldwide, which all have some familiarity with the scarcity model of in-game digital items. He said that play-to-earn models offered these gamers a new paradigm for empowerment that additionally offered financial benefits.

He continued,

Given the ultimate success of play-to-earn games such as Axie Infinity as well as the number of innovative blockchain games currently being developed, its clear that the GameFi ecosystem has a bright future ahead of it and while it remains quite complex to predict how this future will unfold, I do remain bullish on the GameFi sphere as a whole.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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