The $200 billion gaming industry is fast becoming a key point of interaction between Web2 and Web3. In recent times, an increasing number of gaming companies have integrated digital wallet support and non-fungible token (NFT)-based reward systems and even launched their own metaverses.

GameFi’s growing prominence in the Web3 economy has companies like Animoca Brands believing it will become a point of incorporation for the Metaverse. During the Future Blockchain Summit informal chat hosted by TDefi CEO Gaurav Dubey, Animoca Brands co-founder Yat Siu said that his focus is on the gaming industry as it is closer to a metaverse than any other industry. . He noted that GameFi would become an “onboarding point for the metaverse and introduce people to digital…