Immutable's co-founder says Web3 is at a “critical inflection point,” and Notcoin’s price jumps 17% as other gaming tokens tumble. The approval of spot cryptocurrency ETFs, along with a wave of new money and more traditional gaming companies jumping on board, indicate that Web3 gaming is reaching a tipping point. This is according to Robbie Ferguson, co-founder of the game development platform Immutable. “The Web3 ecosystem is at a critical inflection point in reaching the future where players have true ownership of their assets and share control over the marketplace with studios — a win-win for all,” Ferguson tells Magazine. This year has been a big one for cryptocurrency adoption, with spot Bitcoin ETFs getting the green light in January and spot Ether ETFs following in May. Ferguson says it’s tough to make a direct connection between these approvals and the gaming industry, but it definitely can’t hurt.
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