The Metaverse Is Subject to Earth’s Boring Old Rules

The Metaverse Is Subject to Earth’s Boring Old Rules

GameFi adoption has been hitting obstacles worldwide, including China and Korea, because of laws about converting in-game tokens to currency.

Prices: Bitcoin and other major cryptos were roughly flat from the beginning of the weekend.

Insights: The law can create headwinds for GameFi and NFT adoption.

Technician’s take: BTC has been struggling to sustain positive momentum over the past few days.

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