James Ho, head of Animoca Ventures, believes that mainstream gaming giants can lead a recovery in the struggling web3 gaming sector. He cites examples such as FunPlus's investment in Xterio and Square Enix's expansion into blockchain gaming. Ho also notes that console makers are showing interest in the space, potentially signaling future investment. Animoca Ventures is currently exploring the possibility of raising a second early-stage venture fund, with interest expressed by "key Japanese console makers". However, Ho warns that future crypto gaming pioneers must prioritize building a sustainable tokenomics model to avoid the mistakes of the first wave of innovators.
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Crypto Gaming Sector Recovery Driven by Mainstream Gaming Giants, Says Animoca Ventures Head
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Cointime August 4 News Express
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