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- It is the best time to be developing- Michael Anderson.
- There are two aspects to be taken into consideration- Anderson.
The crypto market may be in its tenth month of the downfall, but for Michael Anderson, the co-founder of Framework Ventures, now demonstrates likely the best chance to invest in fresh startups and projects.
Framework Ventures put its foot into the scene in 2019 during the past bear market, and those situations, as per the Anderson, “it is the best time to be developing.”
“The finest buisnesman in the industry are coming nowadays,” anderson told media in the Mainnet conference organized last week. “We were fortunate to have introduced our lant fund, we are putting our money very enthisuastically now, and we are also very thrilled about everything that we witness.”
In April, Framework Ventures protected $400 million for its third fund, FVIII, with half of the number set aside to investments in gaming that is grounded on blockchain, as stated by the company at the time, will be “one of the biggest forms of business in the world.”
After six months, Anderson still trusts this is the case.
“Gaming in our brain, is the group that is going to bring a hundred million people into Web3. They will be able to access wallets along with their Web3 addresses, and that is the consumer adoption that we have been waiting for,”he declared.
The two aspects of consideration
Talking about the role that non-fungible tokens (NFTs) possibly play in the future of blockchain gaming. According to Anderson, there are two sides that have to be taken into consideration.
The first aspect is that NFTs have been widely built on Ethereum’s Proof-of-work (PoW) chain, and the condition has transferred after the network’s shift to Proof-of-Stake (PoS).
The second aspect according to Anderson is that the business model of gaming has been widely trending in relation to a defund state, particularly when it comes to marketing. Game developers are now seeking at blockchain and the earning options the new technology takes.
According to them, this is a new fascinating platform to develop on – possibly even the only platform to develop on,” Anderson further stated.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
