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Blockchain gaming could become a $600 Billion market by the decade’s end.
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Regulatory cap down might give fuel to Web3’s growth.
Web3 is destined to bloom, Animoca Brands CEO Yat Siu believes. The sector is currently seeing a lot of activity with nearly a million unique active wallets (UAW) active every day according to data aggregator DappRadar. A recent survey of executives of companies operating in the sector echoes the sentiment.
Executives are Hopeful for Decentralized Technologies
Yat Siu told a crypto news publication that the industry may see 100 million more users entering the sector. Gaming could be at the core to strengthen this. He sees casual Web3 gaming space to summon a majority of activity in the market. Additionally, he foresees Asian nations playing a vital role due to the higher acceptance rate for non-fungible tokens (NFTs) and gaming finance (GameFi).
A recent study by research company Fortune Business Insights indicates that
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