Accordingly, more than two-thirds of the list of the world's leading studios have made moves to explore the Web3 game market. Specifically, 29/40 leading game studios in terms of market value have invested or have products exploring the Web3 segment, according to statistics published by CoinGecko .
Web3 Games are not just for fun
The biggest difference between Web3 games on Blockchain and traditional games today is that Web3 game users (players) own the items purchased or collected from in-game sources or on the exchange, and they become their property, no longer owned by the game developer or publisher. They have full authority to give and trade without depending on the game developer. These transactions are publicly tracked according to the characteristics of Blockchain.
Compared to the traditional game ecosystem consisting of groups of players, streamers, the Web3 game ecosystem has additional groups of players such as Guilds, DAOs or investors. Investors often do not directly play the game but invest in paying 'game farming' groups to collect items or create resources from within the game, then trade on the exchange to make a profit. Owners do not necessarily have to trade game items on the game developer's exchange but can trade them on other platforms on the same blockchain. Guilds have a community nature similar to Clans in previous games but have additional economic factors, and DAOs are groups that have a greater impact on the game developer's strategy and release content.
Accordingly, the purely entertainment economy in 'Web2 Game' becomes a digital goods economy with exchange value in the 'Web3 Game' market.
More and more high-quality Web3 games are being released, adding more appeal to a very potential market.
'Gold mine' waiting to be exploited
The period 2019-2021 is the boom time of Gamefi, a trend that can be seen as the precursor to Web3 Game, the big game studios are all observing and exploring or not interested in this new market. 2023 is the year of 'laying bricks' in Web3 Game of the big game companies in the world when a series of names announced projects.
Zynga has just officially introduced Sugartown, a Universe (NFT) on the Ethereum blockchain, while in June, the big brother Bandai Namco launched RYUZO, a virtual pet NFT game. Two other giants, Square Enix, launched the Symbiogenesis project, and Ubisoft introduced Champion Tactics: Grimoire Chronicles, a Web3 PvP RPG strategy game.
Another 'blockbuster' of the Korean gaming industry, Nexon, launched MapleStory Universe with NFT items included in its famous game MapleStory N as well as other online role-playing games.
Project ZIRCON was introduced by Konami at Tokyo Game Show in September 2023
On its side, Konami made gamers excited with Project Zircon, introduced at the Tokyo Game Fair last September. Project Zircon is based on the plot of Netflix's popular animated series Castlevania, where the war between legions of vampires, wizards, warriors and dark forces. News about this Web3 Game project created a 'seismic' moment at the same time as Castlevania: Nocturne was just released on Netflix.
List of the world's top game studios by market value and interest in the Web3 gaming market
The list of anticipated news does not stop when the studio developing the game PUBG that has taken the world by storm for many years, Krafton, is preparing to present Overdare, a Metaverse project later this year.
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