Jeffrey Zirlin, the co-founder of Sky Mavis, a crypto gaming platform, predicts that Trump’s presidency will be most advantageous for blockchain gaming and decentralized finance.
Zirlin told Cointelegraph at the YGG Play Summit in the Philippines on Nov. 21 that the “token design” sector would most likely benefit from the new crypto-friendly administration in the United States.
“You want to experiment with all these ways of adding utility to tokens so that you can distribute tokens via the games and then have people who want to use and spend the tokens.”
Zirlin stated that the outgoing administration in the United States, overseen by a Gensler-led SEC and other prominent Democrats, made it “extremely challenging” to engage in any genuinely innovative activities in the token design space without encountering significant regulatory obstacles.
Memecoins serve as entry points to cryptocurrency games
Zirlin, on the other hand, maintains that memecoins are only some of the extractive trends to ever affect the crypto industry, despite numerous commentators expressing dissatisfaction with their proliferation.
“The good thing about memecoins is that they get the people who are only in [crypto] for primarily speculative reasons and are thinking very short-term — it attracts those people.”
For Zirlin, meme coiners are the ideal candidates for the earliest users of new blockchain games due to their inclination toward speculation and shorter-term reasoning.
Although memecoins are currently receiving the majority of attention, Zirlin thinks that this cycle has been relatively predictable and anticipates that legitimate crypto-gaming projects will experience significant adoption in the future months and years.
Trump election’s is advantageous for legitimate initiatives
In the interim, Zirlin concurs with numerous crypto industry experts, including Consensys CEO Joe Lubin, who anticipates that a Trump administration and its crypto-friendly policy will be advantageous for crypto projects prioritizing utility.
Lubin stated to Cointelegraph on Nov. 13 that Ethereum and its ecosystem of projects were “more mature” than any other significant blockchain, except Bitcoin, and were “more likely to benefit” from Trump’s election than any other protocol.
