Asia Acts as the Primary Power Pushing Web3 Mass Adoption
It is evident that Asian game developers are working tirelessly to play their role in the ongoing web3 emergence. In our previous report, we discussed the fast-paced development of web3 especially from the Asian region. The report highlighted that Asia is expected to account for over 80% of Web3 gaming considering Asia’s supremacy in the gaming business and its sizable and expanding users.
Today, we are back with another report that showcases jaw-dropping statistics on blockchain projects from Asia.
DappRadar Reveals Mind-Boggling Facts About Web3 Gaming in Asia
According to DappRadar’s latest report, the success of blockchain gaming will rely on Asia’s dominance in the gaming industry and its development as a hub for blockchain technology.
Apart from blockchain gaming, Asia is the primary power pushing the global gaming sector, according to the research. With 1.7 billion gamers, the region single-handedly generates $72 billion in revenue annually, or 52% of all gaming income worldwide, according to the most recent poll. From the East Asia region, China, Japan, and South Korea are setting the stage for exciting blockchain projects.
Asia is at the forefront of blockchain adoption, which is imperative for Web3 gaming development. For instance, more than 40% of study participants in Japan said they were aware of blockchain gaming. DappRadar discovered that 57% of these people have positive remarks regarding blockchain gaming.
Coming back to Asia, the report further predicts that the continent will maintain its position as the leader in the Web3 gaming industry. The region is home to the biggest gaming firms in addition to having the most gamers. There are several Asian game developers working on blockchain gaming, as the region has been at the forefront of blockchain adoption and has a robust gaming industry. Among the top 100 gaming companies, sixty-two are located in South Korea, China, and Japan.
These industry behemoths are dedicated to developing new Web3 games and incorporating blockchain technology into their existing games.
Sony (NASDAQ: SNEJF) has dozens of non-fungible token (NFT) and Web3 gaming patents. Japan’s Bandai Namco (NASDAQ: NCBDF) is integrating blockchain into its well-known Gundam franchise.
South Korean gaming giant Nexon (NASDAQ: NEXOF) is developing a blockchain version of its hit game MapleStory (over 5 million players).
Axie Infinity's Success as an Asian Game
Reputable Web3 games have attracted a sizable fanbase in Asia.
Axie Infinity has experienced incredible popularity being an Asian game and has developed a sizable fan base there. Players can breed, raise, and engage in combat with virtual monsters known as Axies in the game, which was created by the Vietnamese video game firm Sky Mavis.
Because of its captivating gameplay, eye-catching graphics, and distinctive design, Axie Infinity has showcased the brilliance of Asian web3 developers. The game has received recognition for its blend of turn-based RPG gameplay with collecting card game elements, which makes it interesting and demanding for players.
In general, the adoption of Axie Infinity as an Asian game is evidence of the growing demand for blockchain-based gaming and the potential of play-to-earn models to offer new possibilities for gamers everywhere.
However, the above-discussed web3 game leaders have a shared objective of prioritizing enhanced gameplay over anything else. Maybe this is the actual reason behind the ultimate supremacy of Asian gaming companies in web3. The adoption of blockchain technology and other web3 innovations by numerous game developers in the region speaks well for the future of web3 gaming in Asia.
The region’s sizable and expanding gaming market is one of the major factors boosting web3 gaming in Asia. Asia’s vibrant culture of invention and entrepreneurship is another element fostering the growth of web3 gaming across the continent. With a long history of technological and game innovation, Asian nations like China, Japan, and South Korea are helping to drive the expansion of web3 gaming in the area.
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