The Asian gaming market is a critical player in the Web3 gaming industry due to its dominance in the gaming industry and its interest in blockchain technology, according to a recent report from DappRadar. The report highlights that Asia has over 1.7 billion video game players, accounting for 55% of the world’s gamers, and contributes over $72 billion in annual gaming revenue, making it a crucial market.
Although China has banned crypto and prohibits gaming companies from integrating blockchain technology into their games, Japan and South Korea are leading the way in the adoption of blockchain technology in gaming. Sony’s recent NFT-related patents and gaming firm Sega’s announcement of its upcoming blockchain game are examples of Japan and South Korea’s interest in blockchain gaming.
The report also suggests that airdrops are an essential factor in motivating gamers to try out new games. Gamers still expect to receive airdrops before starting a new game. The report highlights that “visual quality and game experience” are slightly more important factors for gamers when evaluating a new game, over other aspects such as entry price, the number of active users, and game economies.
In conclusion, the Asian gaming market is a critical player in the Web3 gaming industry. Its dominance in the gaming industry and interest in blockchain technology make it a vital market for the adoption of blockchain gaming. With Japan and South Korea leading the way in the adoption of blockchain technology in gaming, the future of Web3 gaming looks promising.
Stay tuned to CoinTopper for more news!