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APAC region caters to 40 percent of Web3 game development.
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Free-to-play (F2P) games are dominating the sector.
A new Web3 gaming report says the United States is currently dominating the market while the Asia-Pacific (APAC) region hosts a majority of developers in the sector. Game7, a Web3 game community, in their research, highlights that mainstream gaming organizations including Unity and Unreal Engine are also involved in such developments.
The Market is Moving But Slowly
The study dubbed State of Web3 Gaming indicates that the number of gaming developments declined since 2021. A total of 223 Web3 games were launched while 43 were halted. APAC region caters to 40 percent of development followed by North America, Europe, the Middle East, and Africa (EMEA).
Although the US remains the biggest market, South Korea-based development teams have grown significantly, accounting for 27 percent among different nationalities in 2023. Moreover, networks targe
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