72.5% of the Top Video Game Companies Have Ventured Into Web3
In line with 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 embody Microsoft, Tencent, Sony, NetEast, and Nintendo.
Prime 10 Largest Video Sport Firms with Web3 Initiatives 🕹️
1. Microsoft
2. Tencent
3. Sony
4. NetEast
5. Nintendo
6. Digital Arts
7. Take-Two Interactive
8. Sea (Garena)
9. Nexon
10. Bandai Namco— CoinGecko (@coingecko) October 9, 2023
In a current report, Coingecko famous that these prime digital firms have adopted Web3 applied sciences to various extents. In line with the report, whereas some listed firms are investing immediately in Web3 gaming initiatives and blockchain sport growth, others are hiring employees 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. Nevertheless, the crypto aggregator famous that solely seven firms, or 24.1% of the 29, are growing blockchain video games. CoinGecko’s record of prime online game firms growing blockchain video games consists of Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Sq. Enix, and Ubisoft.
Though these firms have began growing blockchain video games, CoinGecko famous Krafton because the trailblazer. In line with CoinGeko’s report, Krafton is about to tender 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 embody 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 go well with.
Regardless of the progress made within the online game firms’ adoption of blockchain and Web3 applied sciences, CoinGecko considers the method comparatively gradual. The crypto aggregator recognized scalability, market acceptance, regulatory uncertainty, and potential safety breaches because the components answerable for the gradual adoption.
In line with CoinGecko’s knowledge, 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 barely $4.8 billion.
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