Coin

<ul class="news-points"> 
 <li>Yat Siu of Animoca Games believes 2024 will be a strong year for crypto games and the Metaverse.</li> 
 <li>He stated that the failure perception directed to the Metaverse resulted from misconceptions about Facebook’s rebranding to Meta.</li> 
 <li>Siu claimed there has been economic scale, activity, and growth in the industry regardless of the bear market.</li> 
</ul> 
Yat Siu, the chairman of Animoca Games, a prominent player in the Web3 game landscape, has predicted that 2024 will be a pivotal year for crypto games and the Metaverse. This prediction follows <a href="https://coinedition.com/data-reveals-gamefi-battles-existential-crisis-2127-of-2817-dead-games/">a recent report revealing</a> that of the 2,817 Web3 games introduced in the past five years, 2,127 have ceased to exist, making a failure rate exceeding 75%. 
Siu expressed his bullish sentiment about the sector in a recent <a href="https://www.youtube.com/watch?v=pZ5f6hUHwSg&amp;ab_channel=ScottMelker" target="_blank" rel="nofollow">interview</a> on The Wolf Of All Streets podcast. Host Scott Melker asked Siu to comment on the current state of the metaverse, seeking clarification on the popular narrative that the metaverse was becoming a dead industry. In response, Yat Siu affirmed the resurging interest in the sector.&nbsp; 
He stated that the perception of the metaverse being dead was fueled by confusion around the term “meta,” particularly due to Faceboo…
The post <a href="https://coinedition.com/will-2024-be-a-good-year-for-gamefi-metaverse-expert-weighs-in/">Will 2024 Be a ‘Good Year’ for GameFi, Metaverse? Expert Weighs in</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Will 2024 Be a ‘Good Year’ for GameFi, Metaverse? Expert Weighs in

Coin Edition

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