Asia’s gaming giants bet on Web3 to transform the global gaming landscape
The Web3 gaming sector is growing fast, accounting for half of the entire blockchain industry in terms of on-chain activity. Asia Pacific is leading the trend, with China alone having over 700 million players ready to adopt blockchain-based games.
Asia has the potential to become the driving force behind the global adoption of Web3 games in the coming years. Today, almost two-thirds of the largest gaming companies in the world are from China, Japan and South Korea.
Source: Xangle
Asia Pacific’s dominance is already spreading across Web3 gaming, with Animoca Brands and Sky Mavis — the developers of The Sandbox and Axie Infinity — being leading players of this emerging trend.
Many Asian companies are exploring overseas markets to stimulate the global adoption of Web3 gaming. One of them is Giant Network, a publicly traded Chinese company that has been gaining traction in Asian markets for about two decades. In March 2023, Giant Network introduced its new Web3 gaming brand for the overseas market at the 2023 Game Developers Conference in San Francisco.
Source: ZTimes
Known as ZTimes, the new brand aims to create a new generation of video games by leveraging Web3 infrastructure. Its goal is to explore new business models and develop games with new concepts while empowering players.
At the conference, ZTimes introduced its three key business areas, including product, technology and investment. It also unveiled two new Web3 game titles currently under development:
Source: Twitter
ZTimes will be backed by more than 100 expert game developers and researchers. Their goal will be to develop Web3 games and support them while giving full control to the players, remaining unobtrusive. ZTimes aims to build a Web3 gaming ecosystem that
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