How does X-to-earn work? Take play-to-earn as an example. Through the lens of aligned incentives, the concept of play-to-earn games on a blockchain excites venture capitalists. The play-to-earn model on its own is unsustainable. Given the nature and what the business model is like, it creates an unsustainable pyramid scheme-like system where old player are given tokens that is valuable if there is a continuous stream of new players buying afterwhich.
Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited. According to a PwC report, of traditional hedge funds surveyed, 38% are currently investing in digital assets, compared to 21% a year ago.
The following experts share their views on the topics:
– Brian Lu, Founding Partner, Infinity Ventures Crypto
– Anndy Lian, Book Author, NFT: From Zero to Hero
– Anthony Demartino, CEO, Matrixport US
00:00 – Introduction
01:34 – What’s driving the rise of X-to-earn?
09:56 – Traditional hedge funds increasing crypto exposure.
This segment is recorded and produced by The Daily Forkast on August 30, 2022, presented by Joel Flynn for the latest in blockchain & crypto news.
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.