9 Most Anticipated Web3 Gaming Projects in Asia, What Are They?
In recent years, the gaming industry has experienced a significant shift from Web2 to Web3. In the Asian region alone, the Intellectual Property (IP) and market potential in Web3 gaming is increasingly attracting attention.
Well, this time Jaka wants to share info regarding the 9 most anticipated web3 gaming projects in Asia this year. Let’s check out the full info below!
Web3 Gaming Development in Asia 2023
The Asian region has tremendous potential in the Web3 gaming sector. With the number of global gamers reaching 1.7 billion or about 55% of all gamers in the world, Asia is a very attractive market for the gaming industry.
According to Chaindebrief data, the Asian region also recorded US$72 billion in gaming revenue in 2019, which is equivalent to 52% of the world’s total annual gaming revenue.
The gaming industry in Asia is dominated by several countries, particularly China, Japan and South Korea. Of the world’s 100 largest gaming companies by market capitalization, 62 are from these three countries.
9 World Companies with the Most Anticipated Web3 Gaming Projects in Asia
Here are nine gaming companies that have and are planning their projects in the Web3 gaming industry in Asia:
1. Sony
Sony has entered the world of blockchain with its latest patent application for NFT technology. This commitment signifies its efforts in creating a digital infrastructure standard for gamers to own and transfer digital NFT assets across multiple platforms. It aims to enhance user experience and expand its business in the Web3 gaming space.
2. Bandai Namco
Bandai Namco strengthened its plans to adopt NFT technology by launching Side-G, a Gundam-themed gaming and interactive media network. The project will include Gunpla models, e-sports, and games within the Gundam metaverse. This move is a strong foothold in expanding its blockchain efforts.
3. Wemade
Korean gaming company WeMade experienced significant growth thanks to the success of its blockchain game Mir 4 Global, which is based on the popular game IP The Legend of Mir. After experiencing a drop in token prices in the governance of the game, WeMade decided to launch its own Layer-1 blockchain, WEMIX Chain. This was done to build an entire blockchain ecosystem, and the company currently has a market capitalization of US$2 billion.
4. Netmarble
Netmarble, a South Korean gaming giant, has chosen blockchain as a new growth engine and entered the market with its Klaytn-based Marblex platform and BSC-based entertainment-oriented platform FNCY. Marblex has had 13 million users and 22.5 million game downloads by 2022.
Netmarble plans to launch a new game in 2023 that leverages its core IP, Let’s Get Rich. With this two-track approach, Netmarble hopes to expand their reach within the blockchain market.
5. Com2US
Com2uS, another Korean gaming company, is developing a PoS blockchain called XPLA using the Cosmos SDK. The company is best known for its successful mobile game Summoner’s War, and it is ambitious to expand its reach in the gaming industry by utilizing blockchain technology.
6. Square Enix
Square Enix is a Japanese gaming company known for popular games like Final Fantasy and Dragon Quest. The company has plans to develop blockchain games as a medium to long-term growth strategy.
One of its projects is an NFT game called Symbiogenesis based on 10,000 NFTs and will be launched on the Polygon blockchain. This shows Square Enix’s commitment to exploring the potential of blockchain games in the future.
7. Sega
Japan’s largest gaming company, Sega, plans to launch its first blockchain game by the end of 2022 in collaboration with Double Jump Tokyo, another Japanese development company. The game is based on Sega’s Sangokushi Taisen franchise and will be built using Oasys to support its blockchain elements.
For those of you who are curious about Sega’s popular games, check out Jaka’s Classic Sega game recommendations below.
8. Oasys
Oasys, a Japan-based blockchain gaming company, raised more than US$5 million in funding from leading investors. The company is committed to developing innovative gaming experiences by incorporating blockchain and NFT technologies into their games.
Their flagship project is Defend the Kingdoms, a play-to-earn strategy game that will launch in Q3 2023 and has already attracted over 50,000 pre-registrations.
9. YGG
YGG Japan is a platform to expand the blockchain gaming market in Japan. They have successfully gathered a community of gamers through guilds and offer scholarships for local games. YGG Japan capitalizes on Japan’s unique ecosystem that has some of the most popular intellectual property in the world.
On January 30, 2023, YGG Japan raised US$2.95 million in a private funding round with participation from 18 companies, including Square Enix, SEGA, and Gate.io Labs.