Skyrocket ventures12/29/2023 ![]() “But the industry has to change and evolve all the time and it can’t just be the same thing. “There will be some growing pains,” he says. Spencer explains that DeFi under regulatory oversight is a plus for the industry, opening it up to investors, the traditional banking system, and access to more capital. In the US, it would have to fall under some sort of regulatory jurisdiction. In its current form he will be using DeFi, but it will be more overseas,” he said. While regulation and the risks of pushing blockchain innovation abroad are concerns, Spencer said he is optimistic that ultimately there will be better investment opportunities. “For 50 to work, you have to hit a wall with 1,000 startups.” “Many people get a little disappointed when they see 1,000 DeFi protocols that don’t work, but I decided to look at 50 protocols that worked,” Spencer said. ![]() Spencer said developers who use blockchain to create better user and gaming experiences, including virtual reality, augmented reality and GPS-based games, will succeed. “I think Spencer said, “It will be the recipe for a successful first iteration of the game.” That label includes years of luggage, including negative environmental impacts. It will be grounded in reality.Īs Spencer explained, one issue that has slowed the adoption of blockchain or Web3 games is that they are known as blockchain Web3 games. “They probably won’t have their own native token,” he said. ![]() More traditional game studios are building games on-chain. “The first iterative game was Axie Infinity,” Spencer said. Blockchain or his Web3 game hype has outgrown its design capabilities, and many in the gaming community see it as nothing more than a cash grab for gamers spending. “Gaming and DeFi are two things that we’re doing very tactically because there’s a large market readily available and use cases that exist today,” Spencer said. “People are excited All games will be released in the first quarter ” said Spencer, adding that with so many games released at the same time, the industry will soon find out if they are good at game development. The company allocated $200 million to the blockchain gaming industry through its FVIII fund in April. One of Framework Ventures’ focus areas is blockchain gaming. We also have regions like Brazil, India, and Southeast Asia, but we’re investing there as well, because we just need the infrastructure to get us online. “We have traditional DeFi and we are still investing in it. “There are three paths,” said Framework Ventures co-founder Vance Spencer Decryption With Chainlink SmartCon. The crypto bear market may have cooled public interest in blockchain and cryptocurrencies, but venture capital firms like Framework Ventures continue to pour billions of dollars into the industry.
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