Asia is “essential” for the Web3 gaming trade because it already has the biggest share of players and gaming income and has high curiosity in blockchain know-how, in accordance with a brand new report.

An April 13 report by analytics platform DappRadar highlighted that the Asian market has over 1.7 billion online game gamers, accounting for 55% of the worldwide whole.

It additionally hosts greater than half of the world’s gaming income and has lengthy been “the driving power” behind the worldwide gaming trade, in accordance with the report.

International participant information market share revealed. Supply: DappRadar

Due to these components, DappRadar claims that the Asia area is “enjoying an important position in blockchain gaming adoption.”

China, Japan and South Korea dominate the gaming trade in Asia and are residence to 62 of the world’s 100 largest gaming firms by market capitalization.

China has banned crypto and bans gaming firms from incorporating blockchain know-how into their video games, DappRadar reported.

In the meantime, gaming firms in Japan and South Korea are “main the best way in adopting blockchain know-how in gaming,” the report stated, citing Sony’s current NFT-related patents and sport firm Sega’s announcement of its upcoming blockchain sport .

A survey of 1,030 Japanese women and men aged 20 to 70 cited within the report revealed promising prospects for Japan’s blockchain gaming trade.

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It confirmed that simply over 40% of respondents had been accustomed to blockchain video games, and greater than half of these acquainted had a optimistic impression of them.

Survey outcomes from these acquainted and unfamiliar with blockchain gaming Supply: DappRadar

The Web3 trade at a world level was additionally addressed, with the report highlighting that “visible high quality and gaming expertise” are “barely” extra vital components for gamers when evaluating a brand new sport than different points comparable to entry value, variety of energetic customers and sport economies .

Metrics that players examine to price new video games. Supply: DappRadar

The report additionally highlighted the significance of airdrops in motivating gamers to strive new video games.

It famous that Airdrops are seen as “a vital issue” with gamers nonetheless anticipating to obtain them earlier than beginning a brand new sport.

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