Next jump in crypto adoption will come from games

Survey finds that regulation remains a big factor in the crypto sphere

Play to earn logo in mobile phone                                 
A survey has found play-to-earn (P2E) games will be the top driver of crypto adoption – Photo: Alamy
                                

Just under a third of crypto investors and those in the blockchain space believe the next jump in crypto adoption will come from games, such as play-to-earn (P2E) games.

A survey by SALT, a global thought leadership forum focused on innovation and investing, found that 32% of respondents believe that games will lead the next stage of crypto adoption.

The second most popular choice to fuel crypto adoption among respondents was non-fungible tokens (NFTs) at 28% and then decentralised finance (DeFi) at 26%.

In addition, most respondents (70%) to the SALT survey plan to increase their exposure to crypto by at least 25% by the end of 2022.

Hopes for regulatory clarity

Three out of five respondents (60%) believed a positive result of institutional crypto adoption during 2022 would be clarity surrounding the regulatory framework. However, 55% also felt that regulatory uncertainty will act as the main factor to hinder crypto adoption.

Investors surveyed in Bahamas

The survey of 225 crypto investors was conducted at the inaugural Crypto Bahamas event organised as a result of a multi-year partnership signed in January between SALT and cryptocurrency derivatives exchange FTX. 

The event took place in Nassau, from 26-29 April with speakers including former US president Bill Clinton, former British prime minister Tony Blair and Tom Brady, quarterback for the National Football League (NFL) team the Tampa Bay Buccaneers.

The networking forum was founded in 2009 by Anthony Scaramucci, CEO of global alternative investments firm SkyBridge, and who in 2017 was briefly the White House director of communications for former president Donald Trump.

Scaramucci said: “Crypto Bahamas created momentum around the important discussion of the institutional adoption of crypto, but we’ve really just scratched the surface in educating and advancing the conversation and these investments. Regulation is the single most influential aspect around the advancement and adoption of crypto. Now, it’s up to regulators to act.”

Further reading

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