{"id":4008,"date":"2022-01-06T13:08:19","date_gmt":"2022-01-06T13:08:19","guid":{"rendered":"http:\/\/egrowonline.com\/?p=4008"},"modified":"2022-01-06T13:08:19","modified_gmt":"2022-01-06T13:08:19","slug":"this-6000000000-ethereum-based-altcoin-is-proof-of-how-powerful-the-crypto-metaverse-will-be-sam-bankman-fried","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4008","title":{"rendered":"This $6,000,000,000 Ethereum-Based Altcoin Is Proof of How Powerful the Crypto Metaverse Will Be: Sam Bankman-Fried"},"content":{"rendered":"


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The founder and CEO of FTX cryptocurrency exchange, Sam Bankman-Fried, says that non-fungible tokens (NFTs) and video games could be the next big thing in the crypto industry.<\/p>\n

Bankman-Fried says<\/a> in a new interview with Scott Melker of the Wolf Of All Streets podcast that the NFT-based online video game Axie Infinity (AXS) is a testament to the potential of the crypto metaverse space.<\/p>\n

\u201cI think Axie [Infinity] is proof of how powerful this can be because it was from a lot of perspectives really coming from a place of weakness, not strength. <\/em><\/p>\n

Like it didn\u2019t have adoption before getting involved with crypto to build off of.\u201d<\/em><\/p>\n

The FTX CEO says Axie Inifinity\u2019s play-to-earn feature is what made the game compelling and a bigger success than CryptoKitties, an older blockchain game that allows participants to buy, collect, breed and sell virtual cats.<\/p>\n

\u201cI hope I\u2019m not offending anyone by saying it\u2019s [Axie Infinity] not like the most engaging game ever built if you take away the crypto aspect of it. It was sort of like CryptoKitties the video game.<\/em><\/p>\n

And so you start with that as a base\u2026 it\u2019s not the most exciting place to start and you look at AXS market cap as of now is over $6 billion circulating. <\/em><\/p>\n

And I think it\u2019s just like, that was version zero. And so I think, if anything, it\u2019s just evidence that is super compelling.\u201d<\/em><\/p>\n

While noting the growing popularity of NFTs, Bankman-Fried says that the makers of video games are now embracing digital collectibles.<\/p>\n

\u201c<\/em>I think that that they [NFTs] could really enhance video games. And we\u2019ve just seen every publisher, big and small in the world, is at least looking into it right now. <\/em><\/p>\n

They at least have a team that\u2019s looking into what their NFT plan is going to be, their metaverse plan, whatever, they all call it something different.\u201d<\/em><\/p>\n