- Asia holds 55% of global gamers
- China, Japan, South Korea dominate
- Blockchain gaming adoption crucial
The future of the Web3 gaming industry may hinge on Asia, a region that already dominates the global gaming landscape, reveals a recent report. With its vast gaming population and interest in blockchain technology, Asia could unlock the next chapter in gaming evolution.
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An April 13th report by analytics platform DappRadar highlights that Asia is home to over 1.7 billion video game players, representing a staggering 55% of the world’s gaming population. Additionally, the region generates more than half of the global gaming revenue and has consistently driven the gaming industry’s growth worldwide.
DappRadar asserts that the immense size and influence of the Asian market make it indispensable for the adoption of blockchain gaming. The gaming industry’s powerhouses—China, Japan, and South Korea—host 62 of the top 100 gaming companies globally, based on market capitalization.
Despite China’s ban on cryptocurrencies and gaming companies’ prohibition from integrating blockchain technology into their games, the potential for the Web3 gaming industry remains vast in Asia. The report emphasizes that visual quality and gaming experience hold slightly more weight for gamers when assessing new games, compared to factors such as entry price, active user count, and game economies.
As the gaming world embraces blockchain technology, Asia’s vast market could prove to be a game-changer for the burgeoning Web3 gaming industry.
In other news, Uniswap, a decentralized exchange (DEX), is set to début on Polygon’s novel zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution. This development has the potential to transform the decentralized finance landscape.
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