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This is a segment from the Empire newsletter. To read full editions, <\/em>subscribe<\/em><\/a>.<\/em><\/p>\n At this point, it feels like the SEC is checking its list and dismissing investigations into crypto companies daily.\u00a0<\/p>\n In some regards, it feels like the industry is finally free<\/em> but the catch is that there\u2019s yet nothing concrete for founders and projects to fall back on when it comes to rules and regulations.\u00a0<\/p>\n Though, as Avalon\u2019s Sean Pinnock told me in an X Spaces Wednesday, founders and devs based in the US can still breathe a sigh of relief.<\/p>\n Speaking of that Spaces: Yesterday, The Drop\u2019s Kate Irwin and I hosted our first collaborative chat focused on, well, gaming. If you\u2019re curious about it and weren\u2019t able to join, you can listen to a recap here<\/a>.\u00a0<\/p>\n Anyway, Real Agency HQ\u2019s Jonah Blake had some thoughts not only about where we stand but where we go from here. Unfortunately for those who equated friendlier regulation with their bags being pumped, that might not be the case. Something which shouldn\u2019t come as too much of a surprise given how the market\u2019s been acting lately.\u00a0<\/p>\n What Blake means specifically is that having a regulator who\u2019s not willing to file lawsuits left and right isn\u2019t automatically going to mean that everyone jumps right back into some of the big narratives from last cycle, like gaming.\u00a0<\/p>\n Abstract\u2019s Phin Totten said that his team noticed a rotation of Solana traders playing Onchain Heroes, an idle RPG, but they didn\u2019t enter past that game. For Totten, that\u2019s a sign that we\u2019re still early and the \u201ctime investment to return isn\u2019t there\u201d yet.\u00a0<\/p>\n Blake compared crypto to a sin economy, like gambling or porn. Before you balk \u2014 as I admittedly did \u2014 it\u2019s not necessarily a bad thing given the revenue that those types of economies churn out, it\u2019s more about the mindset of those interacting with said economy, and how devs build.\u00a0<\/p>\n Now, I want to clarify here that I don\u2019t think all <\/em>of crypto falls into this category. Especially not these days.\u00a0<\/p>\n So let\u2019s center Blake\u2019s point on memecoins, with its gambling mentality, and how that impacts subsectors like gaming.\u00a0<\/p>\n \u201cWe\u2019ve curated an industry that\u2019s very built around this speed of wealth accrual,\u201d Totten said. \u201cIt\u2019s about the path of least resistance to money.\u201d\u00a0<\/p>\n This is directly impacting the way that games are being developed right now, given the frustrations around the amount of time it took a lot of Web3 games to launch. For now, it\u2019s likely that we\u2019ll see a lot of those types of games being built around the speed mentality for the sake of optimizing for the audience, Totten continued.<\/p>\n Will this always be the case? The optimist \u2014 and avid gamer \u2014 in me hopes not. But there\u2019s just no point in trying to trot out a game that might not have an audience\u2026 yet.\u00a0<\/p>\n And perhaps that\u2019s going to be the key difference this cycle: Folks are building for the audience.<\/p>\n Get the news in your inbox. Explore Blockworks newsletters:<\/strong><\/p>\n This is a segment from the Empire newsletter. To read full editions, subscribe. At this point, it feels like the SEC is checking its list and dismissing investigations into crypto companies daily.\u00a0 In some regards, it feels like the industry is finally free but the catch is that there\u2019s yet nothing concrete for founders and […]<\/p>\n","protected":false},"author":2,"featured_media":376631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-376629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=376629"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376629\/revisions"}],"predecessor-version":[{"id":376634,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/376629\/revisions\/376634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/376631"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=376629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=376629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=376629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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