Asia accounts for the majority of gamers in the world, which is why the Web3 gaming industry is looking forward to expanding the region in the continent. Asia’s gaming community churns out the maximum share of the revenue. In its latest research report, DappRadar said that the Asian countries of India, China, Japan and South Korea collectively have more than 1.7 billion video game players, and this huge number has made the Web3 gaming community a priority to focus its attention on this market. attracted to.
More than 55 percent of the global gaming community resides in Asia. The continent contributes over $72 billion (roughly Rs. 5,88,229 crores) in annual gaming revenue. blockchain gaming In Japan the market has attracted major interest, especially from the gaming industry.
“The anime-based NFT collection has gained notable traction recently, comprising 10.73 percent of the top 1,000 nft collection‘ Trading volume,’ said the report.
polygon And Ethereum Both eco-friendly proof-of-stake (PoS) blockchains have emerged as the two most preferred blockchains for building Web3 games in Asia. With a 30.8 percent market share, it beats out Ethereum, which currently has a 9.2 percent share in terms of supporting Web3 games.
established game publishers like Asia SonyBandai Namco, and Wemade etc. have started to incorporate blockchain-based elements such as NFTs and the Metaverse into their gaming ecosystem.
“This is a clear indication of the importance of the Asia region to the gaming industry. Blockchain gaming is still a nascent industry and has yet to become mainstream. With the move to Web 3 and the adoption of blockchain technology, blockchain gaming adoption may come earlier than we expect,” DappRadar reports.
earlier this month, bitgateA Seychelles-based crypto exchange has decided to provide $100 million (roughly Rs. 819 crores) to the Asian Web3 market.
Recently a Chainalysis report also recently Thrown light on that in the second quarter of 2022, 58 percent of web traffic for crypto services from Asian countries was related to NFTs. Another 21 percent of traffic was related to play-to-earn blockchain games.
In addition to Ethereum and Polygon, DappRadar reports that algorand blockchain Web3 is also emerging as a popular blockchain among game developers.