FTX and their links to blockchain gaming – Animoca Brands response

The FTX ordeal has been felt across the WHOLE of the cryptocurrency sphere. Billions have been lost by investors. Even institutional investors like BlackRock have lost out on their donations to the FTX company showing no one has come out on top.

What is interesting however is the gaming side of crypto that has been directly impacted by FTX’s downfall. Games found on the Solana Blockchain were the most affected. Tokens for these games have plummeted in value. There are 2 sides to this. Yes people have potentially lost out if they bought the tokens, however the games may now be considered more accessible for more casual crypto gamers.