News Report Technology
November 15, 2023

APAC Leads in Web3 Game Development Teams While US Leads in Funding: Web3 Gaming Study

A recent report independently curated by web3 gaming Decentralized Autonomous Organization (DAO) Game7, provides a comprehensive analysis of the evolving web3 gaming landscape.

Delving into the web3 gaming aspects, including gameplay trends, blockchain networks and competitive dynamics, the report provides insights into the future trajectory of the sector for game developers, investors, blockchain enthusiasts.

The report reflects the current statistics of the Asia-Pacific and North America region as leaders in web3 game development:

  • The Asia-Pacific (APAC) region is at the forefront of web3 game development (40%) the game developers. This dominance showcases the region’s pivotal role in driving innovation and growth in the sector.
  • Following closely, North America claims 30% of Web3 game developers. The competitive landscape in North America, particularly in the USA, contributes significantly to the global ecosystem.
  • Half of the new web3 games introduced this year originated from Asia. This statistic underscores the region’s robust commitment to pushing boundaries and shaping the future of web3 gaming.
  • The USA continues to maintain momentum in the web3 gaming arena, with a substantial contribution of 30% to the influx of the new arena’s teams in the current year. 

Moreover, the report shows that collaborative efforts and initiatives stemming from both the Asia-Pacific and North America are pivotal in propelling web3 gaming to new heights.

As these regions continue to lead, their contributions are likely to shape the global narrative of the sphere’s innovation, offering exciting prospects for the future of this industry.

Web3 Gaming Investments Continue to Grow Globally

The web3 gaming sector has experienced a compelling journey of investment in 2021. It was marked by a surge that echoed pre-bull market levels — growing to $19 billion since 2018.

Despite a market correction in 2022, the web3 gaming market has showcased resistance and continued growth. In 2023, blockchain gaming-related funding reached $1.5 billion by Q3, with more than $800 million exclusively allocated to the sector.

The financial support is distributed across various global regions, with the USA leading with over $4 billion in funding. This is followed by France, Canada, Singapore and Hong Kong.

In terms of genre division, sports, MMOs, RPGs and action games have been collectively attracting funding totaling $3 billion since 2018. 

The diversification in funding across genres reflects the dynamic nature of the sphere, with different gaming experiences finding robust financial backing, contributing to the sector’s sustained growth and evolution.

Distribution Challenges Amidst Blockchain Preferences

A notable challenge is that 6 out of 10 Web3 games find themselves excluded from mainstream distribution platforms. This highlights an existing gap between traditional distribution channels and the evolving Web3 gaming landscape.

Unity and Unreal Engine overwhelmingly dominate Web3 PC game development, commanding a 95% share. This duopoly showcases the influence of these engines in shaping the technical aspects of Web3 gaming.

Game7 said that the information provided in the comprehensive report aims to empower developers, facilitating informed decisions during the crucial development phase of Web3 gaming.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Anya is a seasoned IT writer with a passion for exploring cutting-edge topics in the tech industry, including generative AI, Web3 gamification, and large language models (LLMs). Holding a degree in interpretation, she possesses a unique blend of linguistic expertise and technical acumen. Her inquiring mind and extensive experience allow her to navigate the ever-evolving landscape of technological innovation. Anya is dedicated to uncovering insights and trends across diverse language segments of the Internet, bringing a visionary perspective to her work. Through her articles, she aims to bridge the gap between complex IT concepts and a global audience, making technology accessible and engaging for readers worldwide.

More articles
Anna Sharygina
Anna Sharygina

Anya is a seasoned IT writer with a passion for exploring cutting-edge topics in the tech industry, including generative AI, Web3 gamification, and large language models (LLMs). Holding a degree in interpretation, she possesses a unique blend of linguistic expertise and technical acumen. Her inquiring mind and extensive experience allow her to navigate the ever-evolving landscape of technological innovation. Anya is dedicated to uncovering insights and trends across diverse language segments of the Internet, bringing a visionary perspective to her work. Through her articles, she aims to bridge the gap between complex IT concepts and a global audience, making technology accessible and engaging for readers worldwide.

NFTs & Mining: A Digital Synergy

The rise in usage of the non-fungible tokens has changed the way we see and engage with ...

Know More

AI in Crypto

Explore the ever-evolving realm of artificial intelligence within the cryptocurrency sphere. Discover the transformative impact of AI ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Figure Raises $675M Funding for Humanoid Robot Development, Collaborates with OpenAI for AI Model Research
Business News Report
Figure Raises $675M Funding for Humanoid Robot Development, Collaborates with OpenAI for AI Model Research
February 29, 2024
Telegram Plans to Sell TON at Discount to Long-Term Investors, Limiting Token Holdings to 10%
News Report Technology
Telegram Plans to Sell TON at Discount to Long-Term Investors, Limiting Token Holdings to 10%
February 29, 2024
FTX-Linked Crypto Hedge Fund Rebrands to MNNC Group, Attracts “Mid-Eight-Figure” Investment Post-FTX Collapse
Business News Report
FTX-Linked Crypto Hedge Fund Rebrands to MNNC Group, Attracts “Mid-Eight-Figure” Investment Post-FTX Collapse
February 29, 2024
Silence Laboratories Raises $4.1M Funding to  Protect Enterprise Data with Cryptographic Multiparty Computation 
Business News Report
Silence Laboratories Raises $4.1M Funding to Protect Enterprise Data with Cryptographic Multiparty Computation 
February 29, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.