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Cryptocurrency News

New free-to-own GameFi model is ‘high risk,’ according to CZ

08/31/2022

Less than a minute

2022.08.31 06:37

Changpeng “CZ” Zhao, CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing:

The Binance CEO then explained that nothing is absolutely free, pointing to how the exchange can offer zero trading fees for Bitcoin (BTC) and Ether (ETH) pairs because of the adequate revenue generated from other trading pairs. He added that new projects that allow players to sign up for free can be high risk for early adopters.

Source

08/31/2022

Less than a minute