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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    A Step-by-Step Guide for Risk-Takers

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Boxed Memecoins as Collectible Toys

    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

    Hype fades as NFT platforms lose users

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    ChatGPT vs X: Who Sees Crypto Narratives First?

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    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

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    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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Home Gaming

Asia Pacific Leads The Way In Web3 Gaming As Funding Soars

November 14, 2023
in Gaming
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Asia Pacific Leads The Way In Web3 Gaming As Funding Soars
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ChatGPT vs X: Who Sees Crypto Narratives First?

Why AAA Game Studios Will Eventually Embrace NFTs

The world of Web3 gaming is experiencing an exciting, dynamic shift – with the Asia Pacific (APAC) region taking a strong leadership position. Home to approximately 40% of the world’s game developers, APAC is now the epicenter of this emerging digital revolution.

United States and South Korea in the Running

Chasing APAC’s lead, the United States follows closely, hosting about 30% of the Web3 game developers, while South Korea has made an impressive leap with its contribution nearly doubling to 27%.

Key markets shaping the industry’s landscape extend to South Korea, the United Kingdom, Singapore, Vietnam, Australia, and the U.S., signifying the global reach of Web3 gaming.

Funding Highlights and Genre Preference

Investments in the Web3 gaming sector have sparked a financial frenzy, garnering $19 billion since 2018. Remarkably, $1.5 billion of this sum was raised in the year 2023 alone, with over $800 million earmarked specifically for Web3 gaming.

The journey of financial resources traces a high-interest pathway towards sports, MMOs (Massively Multiplayer Online), RPGs (Role-Playing Games), and action games. However, the Triple-A segment, while significant, only constitutes 6% of the market, as indie and midsize projects assume dominion.

The preference for Layer 1 and Layer 2 solutions – specifically Ethereum-based networks and the Polygon ecosystem – has heralded a new wave of possibilities for gamers and developers alike.

Furthering the intrigue, Epic Games has taken a giant leap in the Web3 gaming landscape, inflating its game listings from a modest two to a whopping 69. This development provides a clear indication of the company’s keen interest and investment in the growing Web3 gaming market.

See also  Guild of Guardians Leads the NFT Pack

Blockchain Wars: Migration and Evolution

In a seismic shift marking the burgeoning ‘Blockchain Wars’, there has been significant migration of Web3 games to networks such as Polygon, Immutable, and Arbitrum.

Leading this pack is Polygon, emerging as the top host for Web3 games. Following closely are BNB, Ethereum Mainnet, and Immutable, solidifying its position as the leading Layer 2 gaming ecosystem.

In conclusion, with Asia Pacific’s ascendancy in Web3 gaming and booming investment trends, the sector showcases a promising trajectory. As gaming giants like Epic Games delve deeper into this space, the dynamics of the industry are set to evolve, and a new era of digital gaming experience looms on the horizon.

Tags: AsiafundinggamingleadsPacificSoarsWeb3

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