Bitcoin ETF spot trading has emerged as a boom for blockchain gaming. Ever since its approval, the ETF has reignited the popularity of blockchain games.
Yat Siu, the founder of Animoca Brands, recently discussed the same. USM or RACA also believes that the Bitcoin ETF will boost key sectors, such as GameFi, Metaverse, and Web3.
RACA has already expanded its operations across these industries and is developing products that can accommodate the growth. According to Siu, the rise in the value of cryptocurrencies has solidified traders’ confidence in Web3 gaming.
That is why the blockchain market is witnessing a wave of on-chain activity. The token appreciation has utility, and it builds user confidence as well. It is just as much about having money as it is about feeling confident regarding the owned assets.
The founder of Animoca Brands further explained that on-chain activity in GameFi serves as a proxy for the indicators of conviction and growth. RACA is constantly leading the metric with BNB Chain projects, making RACA the top-holding among BNB Chain Tokens.
Investors should avoid only focusing on the token price to define a project’s success. They should also account for other factors, similar to how a country’s economic strength is analyzed.
Currently, RACA is racking up the best community engagement, user metrics, and other aspects. Consensys Mesh, OKX Blockdream Ventures, and DWF Labs are backing the project.
This support allows RACA to act as a premium Web3 infrastructure solution provider. The project was originally released as a bid token with the Maye Musk NFT. Over time, it has evolved into a Web3 gaming ecosystem.
Moreover, the USM native token is the crypto dApp store of AI games and apps initiated by the Mother & Koda NFT community by Elon Musk.
Source: https://www.cryptonewsz.com/bitcoin-etf-spot-will-boost-web3-and-gamefi-sectors-says-raca/