USA vs Asia: Web3 Gaming Market Share Disparity

USA vs Asia: Web3 Gaming Market Share Disparity

Play-To-Earn Games News, P2E Games News | 11 Apr 2024 06:08 UTC

Blockchain and Web3 game developers are taking huge steps to revolutionize the video gaming industry with a lot of games being launched every day. Web3 gaming saw sufficient development from the U.S.-region and neighboring countries in the last two years. However, Asia takes the lead in the fast-expanding Web3 gaming market led by Asian Web3 Companies in the U.S. Why is that and what are the challenges? With time, web3 gaming has gained more popularity and passionate gamers in Asia as compared to the Western region.

Web3 Gaming in the U.S. in the Challenges

Some experts believe it's just a matter of time before the new gaming industry establishes itself in the United States. But changes will need to be made before games can be enjoyed by Americans. However, given the regulatory challenges, market barriers, poor quality games, rampant scams, rug pulls, and diminishing goodwill, the Web3 games have a lot of miles to cover to go mainstream in the US market.

According to Francesco Di Ianni, a gaming consultant at FTI Consulting, many existing Web3 games rely on an unsustainable business model that requires an influx of new users to generate value for existing customers. This model has similarities to a pyramid scheme, causing distrust in the gaming community and making it difficult for future games to build an audience.

To attract more gamers, Web3 games should focus on providing fun, engagement, and a community experience while minimizing the friction around buying cryptocurrency and NFTs. Di Ianni believes that consumers should not even be aware that they are playing a Web3 game and should focus on the gaming experience rather than the technology behind it. "When I'm playing Call of Duty, I'm not thinking about the game engine. I'm playing the game," he said.

We all are well aware that crypto and NFTs have a specific role along with the Web3 games. However, both of the assets suffered a massive loss as the marketplace tumbled. NFTs' actual trading volume has reduced by 97% in the last nine months. Cryptocurrencies Terra and Luna crashed in May, wiping out half a trillion dollars' worth of market capitalization.

Blockchain gaming has 1.47 billion gamers just from the Asian region, or over half of the world's video game players, while Western nations question the worth of Web3. Axie Infinity has approximately more than 260,000 active gamers to breed and fight digital pets. Sprinterlands is just another example of a notorious Web3 card trading game. It has around 250,000 active users daily.

Web3 Gaming in Asia

Yat Siu, co-founder of Animoca Brands, a Hong Kong-based software and venture capital company making investments in Web3 games, said: “All the big gaming companies (in Asia) are talking about Web3 and NFTs”.

In 2022, the Web3 marketplace witnessed the highest revenue ever generated from the North America area. However, According to a Grand View Research analysis, the Asia Pacific area is expected to develop at a record pace through 2030. The influence of Asia Pacific is already expanding to Web3 gaming, with Animoca Brands and Sky Mavis the producers of The Sandbox and Axie Infinity leading the way. In the Asian region, China has the largest gaming market, with 744 million users and $45.8 billion in in-game earnings in 2017. South Korea, Japan, and the U.S. are next to it. China alone has approximately 700 million gamers eager to explore blockchain-based games, putting Asia Pacific at the forefront.

Many Asian companies are looking into international markets to increase the worldwide adoption of Web3 gaming. Giant Network has been growing rapidly in Asian markets for nearly two decades.

Barriers to Adopting Web3 in the U.S.

According to Francesco Di Ianni, a gaming analyst at FTI Consulting, many current Web3 games depend on a steady stream of new players to produce value for their existing users, which does not seem like a feasible business model. He claimed that many of them use pyramid-scheme-like mechanics which has caused suspicion among gamers. He also claimed this makes it more difficult for upcoming games to create a fanbase in the U.S gaming diaspora.

Web3 Adoption Beyond Asia

In a bid to expand the popularity of Web3 gaming, many Asian companies are showing interest in foreign markets. ZTimes aims to build a new generation of video games by exploiting Web3 technology. Its mission is to investigate alternative business methods and create games with novel concepts while empowering players.

Tom Wijman, games analyst said:” Web3 gaming has largely been driven by a handful of investors and companies, not by consumer demand. The growth of Web3 gaming will need developers to focus more on gameplay.

Wijman also addressed the situations game developers face throughout the Web3 ecosystem. When they try to create enjoyable Web3 games, developers face a lot of challenges. Blockchain technology makes it more challenging to create complicated games, hence many Web3 games are relatively simplistic.

He claimed that Web3 games also struggle with user acquisition, in part due to the negative perception of earlier games. He claimed "companies who are flourishing are relying on organic traffic" from developing a decent game. Gamers would ultimately favor the brands and communities that they are familiar with.

Asia takes the lead in the fast-expanding Web3 gaming market led by Asian Web3 Companies in the U.S. why is that and what are the challenges?
Asia takes the lead in the fast-expanding Web3 gaming market led by Asian Web3 Companies in the U.S. why is that and what are the challenges?

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Karmaverse Zombie - Play-and-Earn Metaverse - Game Review

Karmaverse Zombie - Play-and-Earn Metaverse - Game Review

Karmaverse, a GameFi multiverse that's taking the gaming scene by storm. Developed by the brilliant minds behind two of the top ten SLG titles in mobile gaming history, Karmaverse is rewriting the rules of the game, quite literally. Buckle up, as we explore the unique features, gameplay highlights, and the revolutionary use of blockchain within the Karmaverse ecosystem. Karmaverse Multiverse Overview: Imagine a gaming universe where you can seamlessly transition from battling zombies in a post-apocalyptic wasteland to embarking on mythical quests, reliving the Old West adventures, and immersing yourself in the futuristic Cyberpunk realm. That's the magic of Karmaverse—a GameFi multiverse with distinct metaverses, each offering a gaming experience like no other. Self-Contained Universes: Each universe within Karmaverse is a self-contained gaming world, complete with its own graphic style, history, storyline, characters, music, and maps. It's like stepping into a different dimension every time you switch universes, ensuring that monotony is a thing of the past. Venture Capital Backing: Now, let's talk money! Karmaverse has raised a whopping $8 million in a private round led by venture capital heavyweights A&T Capital ($6M), TPS, and YGG SEA. With this kind of financial backing, Karmaverse is gearing up to make a significant impact on the gaming industry. Interconnected Game Worlds Here's the kicker: as each game world is developed within Karmaverse, they become accessible through a single hub. That means you can seamlessly travel between post-apocalyptic scenarios, historical adventures, Cyberpunk landscapes, and more—all within the Karmaverse multiverse. RPG and SLG Games Hold your horses, RPG and SLG fans! Karmaverse promises to deliver the best of both worlds by featuring at least one RPG and one SLG game in each universe. Get ready for a gaming experience that's as diverse as it is thrilling. Karmaverse Zombie: Battle for Survival and Dominance Now, let's shine the spotlight on Karmaverse Zombie, the trailblazing addition to the Karmaverse multiverse. Picture this: a post-apocalyptic world overrun by mutants and zombies, and you—the player—standing as the last line of defense for humanity. Fighter NFTs In Karmaverse Zombie, every player manages a shelter, and the fighters within have their own NFTs. These NFTs aren't just collectibles; they can be sold, traded, and used strategically in the game. It's like having your own squad of digital warriors, each with its unique strengths and abilities. Cooperative Gameplay Teamwork makes the dream work, especially when facing a zombie apocalypse. Karmaverse Zombie encourages collaborative play, with the formation of the strongest Fight Club by cooperating players. Together, you can resist zombie onslaughts and compete or cooperate with other players to dominate the challenging environment. Token and NFT Interoperability Here's where blockchain magic comes into play. Karmaverse Zombie utilizes a token system with planet-exclusive, interchangeable, and universally usable tokens and NFTs. This interoperability adds a layer of complexity and excitement to the gameplay, making every move count. Tokenomics and Marketplace Let's talk about the backbone of the Karmaverse ecosystem—the tokenomics and marketplace that keep the gears turning. Dual Token System Karmaverse operates on a dual token system, with sub-tokens in each game world and $Knot as the main token across the entire ecosystem. This dual token system ensures a smooth and interconnected experience as you navigate through different universes within Karmaverse. Karma Swap DEX Enter the Karma Swap DEX, a socially driven decentralized exchange platform that allows players to swap, earn, stack yields, lend, or borrow tokens and NFTs. It's not just a marketplace; it's a dynamic space where the community actively participates in shaping the gaming economy. Token Use Case Both sub-tokens and $Knot aren't just for show. They can be used and sold for in-game resources and transactions, turning your digital assets into real value. Karmaverse doesn't just promise play-to-earn; it delivers on that promise. Meet the Visionaries Behind Karmaverse Behind every great project are the people who make it happen. Let's take a moment to meet the key team members driving the Karmaverse revolution. Scott Cheung: NFT specialist, with a track record in 3 NFT/GameFi projects. Adam Markiewicz: Entrepreneur and investor with a global perspective, specializing in NFTs. Jesse Slater: Gameworld architect and narrative builder, contributing to Dapps since 2018. Kartik Garg: Explorer, entrepreneur, and crypto investor disrupting global business operations. Greg Young: Lifelong gamer with experience in print, television, and feature films. Notable Partners It's not just about the team; it's also about the company you keep. Karmaverse has attracted strong investors and partners, securing $8M in a private round. The list includes A&T Capital, TPS, YGG SEA, Foresight Ventures, Polygon Studios, Cao Zhen (Partner of Republic), OKX Blockdream Ventures, NFX, Mindfulness Capital, GSR Ventures, HashKey Capital, Fundamental Labs, Y2Z, L2Y, and Altonomy. That's a powerhouse lineup right there! Karmaverse Zombie Storyline But what's a great game without an engaging storyline? Let's delve into the narrative that sets the stage for Karmaverse Zombie. A World in Peril A virus sweeps across the globe, aiming to wipe out humanity. But some survivors manage to weather the storm, taking refuge in shelters with fighters by their side. These fighters aren't just any allies; they are unique non-fungible tokens (NFTs) with real value, and players have complete control over them. Gameplay: Play-to-Earn Revolutionized Now, let's talk about the heart of Karmaverse Zombie—the gameplay that's changing the game, literally. Emphasis on Play-and-Earn "Karmaverse Zombie" isn't just another game; it's the world's first play-and-earn game that prioritizes the gameplay experience. Assemble your team or horde of fighters to become the strongest mercenary group in the game's metaverse. The more stars on your NFT fighters, the rarer and more valuable they are. Tokenomics in Action In the world of Karmaverse Zombie, it's all about the tokens—SERUM and KNOT tokens, to be precise. The Karmaverse marketplace becomes your playground, where you can trade assets and NFTs with fellow players. But here's the catch: to withdraw in-game tokens, you need an in-game account with at least three NFT fighters, and the withdrawal amount must surpass the withdrawal fee. In Conclusion: Karmaverse Redefining the Gaming Landscape As we wrap up this journey through the Karmaverse multiverse, one thing is abundantly clear—this is not just a game; it's a revolution. With interconnected universes, innovative tokenomics, and a vibrant marketplace, Karmaverse sets a new standard for blockchain gaming. As Karmaverse gains momentum with strong investor backing and a powerhouse team, the gaming landscape is in for a seismic shift. So, fellow gamers, gear up for a thrilling adventure across multiple dimensions, where every move you make and every token you earn brings you one step closer to dominance in the Karmaverse multiverse. Happy gaming!

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Forest Knight: NFT-Infused Turn-Based Strategy Adventure - Game Review

Forest Knight: NFT-Infused Turn-Based Strategy Adventure - Game Review

Forest Knight is a mobile turn-based strategy NFT game. The game allows players to create their ideal crew and embark on an adventure as a Forest Knight. Moreover, you will obtain unique NFTs which you may use to upgrade your heroes or trade with other players. Forest Knight was influenced by a variety of games, including Heroes, Clash Royal, Brutal Age, Yu-gi-oh, Chess, and even Genshin Impact. That's a lot of beloved franchises to live up to, and the game still has a long way to go. Currently, gamers can download a copy of the game from the official website as well as read the game's whitepaper, creatively termed "Knightpaper." There, you may learn more about the designers' ambitions for their game, such as game features, future plans, and the competitive parts of Forest Knights, as well as the game's investment aspects, such as renting NFTs, staking yields, and, of course, the Ethereum backend. Forest Knight Game: Forest Knight is a mobile turn-based strategy game that allows players to assemble their ideal crew and embark on an adventure as the Forest Knight. Moreover, you will obtain unique NFTs by utilizing blockchain technology, which you may use to equip your heroes or trade with other players. In addition, Forest Knight mixes casual mobile gaming with blockchain gaming to bring you an incredible adventure, a gripping story, one-of-a-kind Heroes with specific skills, and one-of-a-kind NFTs for each Hero. The game contains fantastic features that cater to both PVE and PVP players. NFTs are one-of-a-kind, and their scarcity and strength determine their value. So, the rarer the NFT, the fewer there are, with certain categories having only 10 available. These NFTs can be weapons, accessories, and skins, but the team aims to introduce more items in the future, including pets, land, and much more! Gameplay: The game will begin with only one player, and this will remain the case for the duration of the game. Players will have to fight their way through non-player characters-infested maps (NPCs). Players will gain currency and equipment as they move through the game, which they may use to better their squads. Chrono Games plans to use the money it makes from the game and to build a PvP arena where users may battle their teams against each other in turn-based tactical matches.

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Angelic Awaits: Dive into Sci-Fi Tactical NFT Gaming - Review

Angelic Awaits: Dive into Sci-Fi Tactical NFT Gaming - Review

Introduction to Angelic: A Tactical Sci-Fi Adventure in the NFT Realm. Let's talk about Angelic - a game that's not just a game but a journey into a sci-fi universe where strategy, storytelling, and blockchain technology come together in a beautifully chaotic symphony. Picture this: a galactic setting filled with unique heroes, each brimming with their own stories, battling it out in turn-based tactical fights. It's like stepping into a sci-fi novel where you're the lead character, and every decision you make shapes the narrative. Angelic Gameplay: A Blend of Strategy, Customization, and Blockchain:The Thrill of Building Your Universe. One of the coolest aspects of Angelic is how it hands you the reins to shape the game's universe. Remember when we used to play with action figures as kids, creating stories and worlds? Angelic taps into that childhood joy but takes it several notches higher. You're not just playing in a world; you're actively building it. From designing heroes and ships to crafting cosmetic items, you're the architect of your journey. And here's the kicker: these items are NFTs, which means they carry real-world value. It's like those drawings you sold in third grade, but now they're part of an epic universe! Building Relationships and Teams: Angelic isn't just about battles and strategy; it's about relationships. The characters you collect aren't just pawns on a chessboard; they're allies with their own stories, strengths, and weaknesses. Winning their trust, understanding their backgrounds, and building a team that respects and supports each other is key. This aspect reminds me of my first job, where building a strong team was crucial for success. Angelic captures that essence beautifully, making you realize the power of camaraderie and trust. The Open World Challenge: If you're someone who loves a challenge, Angelic's ruthless open world will be right up your alley. It's not just about having the skills; it's about strategizing, forming alliances, and sometimes making tough choices. It's like navigating through life's challenges, where every decision shapes your path. Angelic Gameplay Basics: Mastering the Game Balancing Battle and Strategy Angelic skillfully balances turn-based battles with strategic planning. Half your time is spent in adrenaline-pumping combat, leading your team in tactical missions. The other half? You're aboard your unique starship, bonding with your crew, strategizing, and upgrading skills and gear. It's like being a part-time warrior, part-time diplomat - a combination that keeps the gameplay fresh and engaging. The Importance of Decision-Making In Angelic, your choices matter. Forming alliances, making decisions that affect your crew's morale, and dealing with the consequences are all part of the game. It's a constant balancing act, reminiscent of those times in life when we have to make tough choices, not knowing how they'll pan out. Managing Your Team Your companions in Angelic are more than just team members; they're characters with their own stories, agendas, and emotions. Managing them, understanding their motivations, and ensuring their loyalty adds a layer of complexity to the game. It's like being a leader in real life, where understanding and empathy are as important as strategy. The Osiris: Your Starship and Home The Osiris, your command center in the game, is more than just a spaceship. It's a character in its own right, with mysterious abilities and potential for customization. Guiding the Osiris through the game's universe is akin to navigating through life's journey, discovering and unlocking potential as you go. You: The Neo-Human Archangel Finally, there's you, the protagonist of this saga. Once a human pilot, now a neo-human with untapped potential and destiny to become an archangel. Your journey in Angelic is a metaphor for personal growth and discovery, a reminder that we all have hidden strengths waiting to be uncovered. Conclusion: The Ever-Evolving World of Angelic Angelic is not just a game; it's an experience. It's a journey through a sci-fi world filled with strategy, relationships, and self-discovery. With its blend of tactical gameplay, rich storytelling, and blockchain technology, Angelic offers a unique adventure that's both thrilling and thought-provoking. So, are you ready to take the plunge and become the next archangel in the Angelic universe? The adventure awaits!

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Flight Force 4: Web3 NFT First Person Shooter - Review

Flight Force 4: Web3 NFT First Person Shooter - Review

Flight Force 4 is a groundbreaking web3 First Person Shooter (FPS) game that incorporates NFTs as playable characters and items. It introduces a "Play & Earn/Rent & Earn" system, offering players the opportunity to earn rewards while enjoying the game. The game is aimed at FPS enthusiasts, reminiscent of popular titles like Call of Duty. Set in the year 2087 after Earth's environmental collapse and warfare, FF4 takes players to five habitable planets in a neighboring galaxy, where they must defend against the formidable X-ions, an extraterrestrial force. The game's lore provides a rich and immersive narrative for players to explore. Furthermore, FF4 allows players to utilize their NFT assets in compatible metaverse platforms, expanding the gaming experience beyond the virtual world. The game features a collection of 3D NFT characters with unique attributes and value retention mechanisms, along with undisclosed upcoming features. Players can participate in weekly spot prizes, the Defender holder Alien NFT spawn event, and in-game token airdrops. They also gain whitelisting privileges for token sales and can look forward to future airdrops for in-game NFTs, creating a rewarding ecosystem. The NFTs in FF4 are known for their vibrant colors and intricate detailing, appealing to collectors interested in both Kamen Rider and Call of Duty aesthetics. The project's roadmap includes plans for a comic book, adding an exciting dimension to the evolving FF4 universe. Flight Force 4 is designed for online FPS multiplayer gaming, with 11,111 Defender NFT characters at its core. It represents a pioneering venture in the world of web3 gaming, offering players the chance to earn rewards while immersing themselves in an engaging and visually stunning FPS experience.

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Moonfrost - Game Review

Moonfrost - Game Review

Moonfrost is a 2D multiplayer, free-to-play, play-to-earn, life-simulation, and role-playing game for Mobiles and PCs that enables the player to immerse themselves whenever and wherever they choose, in a fascinating, constantly expanding world full of secrets and surprises. Moonfrost is a social simulation and role-playing game that draws inspiration from games like Harvest Moon and Stardew Valley. Players can engage in the plots of non-playing characters and other player characters in this 2D metaverse.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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