Japanese Gaming Market and Space for Web3 Games

Japanese Gaming Market and Space for Web3 Games

Play-To-Earn Games News, P2E Games News | 08 May 2024 09:41 UTC

Navigating the World of Crypto and Web3 Games in Japanese Gaming: Insights on My Crypto Heroes and Captain Tsubasa - RIVALS.

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Japan is a leading gaming country embracing the integration of blockchain technology in video games. In today’s article, we will look at how Japanese crypto games are performing. Additionally, how much potential do the Japanese blockchain games have in store? Japan has a rich legacy when it comes to games, furthermore, it has a massive global outreach and potentially stands as the most profitable gaming market in the world. Whether it is PlayStation, Nintendo, or web3 games, the Japanese love games and pay for good fun.

Web3 Technology and Blockchain Integration in Japenese Video Games

Japan's first Web3 game was called "My Crypto Heroes." It is a battle-based crypto-RPG game that came out in November 2018 on the Ethereum blockchain. It quickly became Japan's first big crypto game that was made there. It was also number one in the world in terms of trading volume and DAUs. It had sold a total of 16,000 ETH by January 1, 2023.

Apart from My Crypto Heroes, there are several top Japanese gaming market players actively involved in the crypto space. The inclination is more towards mobile gaming and Line, a leading mobile player, is leading the pack. It unveiled 5 "Gamer First" NFT games for the 2023 release. Moreover,  MIXI joined Oasys Blockchain as a validator in April of this year. Apart from migration, there are also crypto-native companies in Japan including Double Jump and CryptoGames.

Reasons Behind Web3 Gaming Potential in Japan

There will be a big effect on the Japanese web3 gaming market from three big changes. First of all, Japan has a strong base for video games and a good relationship with them at the grassroots level. It has a long history of successful video game IPs like Mario, Street Fighter, Metal Gear Solid, Pokemon, Animal Crossing, Final Fantasy, The Legend of Zelda, and many more. Japan has a long history of traditional games, which gives web3 games a strong foundation. Second, there is a lot of hope and potential for blockchain games in Japan. This is because Japanese gamers are willing to pay more for games with better graphics and gameplay. Lastly, the fact that mobile games are popular in Japan gives mobile game developers and, by extension, web3 game developers hope.

Japan’s Web3 Game My Crypto Heroes

Navigating the World of Crypto and Web3 Games in Japanese Blockchain Gaming: Insights on My Crypto Heroes and Captain Tsubasa - RIVALS

Double jump in My Crypto Heroes (MCH).Since it came out in November 2018, tokyo, a Japanese NFT game, has been praised all over the world. MCH is run by the in-game token GUM, and it has a lot of users and a lot of transactions, which gives players real economic benefits.

Gathering and raising historical heroes for dungeon (node) battles is the main way to play MCH. These heroes and items are NFTs, which means that players can trade them with each other.

The developers of My Crypto Heroes (MCH) recently took a big step by releasing MCH Verse, which is a Layer 2 optimistic rollup on the gaming-focused Layer 1 blockchain, Oasys. This move is meant to take advantage of the Verse's ability to grow indefinitely by making the user experience and connectivity better. MCH stands out as a leader in the Japanese crypto-gaming market because, unlike other mobile crypto-games, it puts off-chain features ahead of using as few on-chain resources as possible. The team's quick adoption and use of ready-to-use technologies keeps making the overall gaming experience for its players better.

Captain Tsubasa-Rivals Web3 Game

Navigating the World of Crypto and Web3 Games in Japanese Blockchain Gaming: Insights on My Crypto Heroes and Captain Tsubasa - RIVALS

Captain Tsubasa - Rivals is a crypto-based game based on the popular Japanese anime series "Captain Tsubasa," which has sold over 70 million copies and has 70K Twitter followers. The game has fun football-themed mechanics and a unique economy based on two tokens called TSUBSAUT and TSUGT. This takes advantage of the huge number of anime fans. These tokens serve as both utility tokens and governance tokens. This gives the game more control over its in-game economy and the speed at which users move around. This separation, which was started by Axie Infinity, helps to keep USD reward values from changing too much.

In "Captain Tsubasa - Rivals," the value of TSUBSAUT has been going down due to the fact that it can be used to make money without limits. The Balancer system, which was put in place to keep its price stable, didn't do much. Before getting involved, players should think about how liquid the market will be in the long run. On the other hand, the governance token TSUGT stays stable, with a limited supply and use in-game. Token distribution and slow release help keep an ecosystem healthy. The winner is decided by comparing the numbers on the character cards in a smart way over three rounds.

Navigating the World of Crypto and Web3 Games in Japanese Blockchain Gaming: Insights on My Crypto Heroes and Captain Tsubasa - RIVALS

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