72.5% of the Prime Video Sport Corporations Have Ventured Into Web3

• In response to CoinGecko, 72.5% of the highest online game firms by market cap have ventured into Web3.
• Among the prime firms embrace Microsoft, Tencent, Sony, NetEast, and Nintendo.
• Solely seven of the listed firms, or 24.1% of the 29, are creating blockchain video games.

In response to CoinGecko, a number one cryptocurrency aggregation platform, 72.5% of the highest online game firms by market cap have ventured into Web3. Among the prime firms listed on this class embrace Microsoft, Tencent, Sony, NetEast, and Nintendo.

In a current report, Coingecko famous that these prime digital firms have adopted Web3 applied sciences to various extents. In response to the report, whereas some listed firms are investing instantly in Web3 gaming tasks and blockchain sport growth, others are hiring workers for blockchain-related positions.

The 72.5% of the highest firms recognized by CoinGecko account for 29 out of 40 online game producers within the class. Nonetheless, the crypto aggregator famous that solely seven firms, or 24.1% of the 29, are creating blockchain video games. CoinGecko’s checklist of prime online game firms creating blockchain video games contains Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Sq. Enix, and Ubisoft.

Though these firms have began creating blockchain video games, CoinGecko famous Krafton because the trailblazer. In response to CoinGeko’s report, Krafton is about to mushy launch its blockchain sport in December 2023, forward of a full launch between January and July 2024.

Different notable mentions by CoinGecko within the Web3 adoption by prime gaming firms embrace Zynga’s Sugartown and Bandai Namco’s Ryuzo, which have already launched NFTs unique to their gaming ecosystems. Ryuzo launched its NFT final June, and two months later, in August, Sugartown adopted swimsuit.

Regardless of the progress made within the online game firms’ adoption of blockchain and Web3 applied sciences, CoinGecko considers the method comparatively sluggish. The crypto aggregator recognized scalability, market acceptance, regulatory uncertainty, and potential safety breaches because the elements answerable for the sluggish adoption.

In response to CoinGecko’s information, as of September 19, 2023, the highest 10 online game firms boasted a mixed market capitalization of $3,219.6 billion. That reveals the potential marketplace for the trade, contemplating that the present dimension of the established gaming giants within the blockchain trade is just $4.8 billion.