The Web3 and blockchain industry has been growing alongside the NFT, Crypto, and Metaverse space. In fact, blockchains with their feet immersed in these sectors have also been able to reap the benefits of the same. A recent report from DappRadar revealed that Polygon is currently being picked more than other blockchains like Ethereum and Algorand. The report pointed out,
“The survey reveals that Polygon is the blockchain of choice for 30.8% of the web3 games surveyed, with Ethereum and Algorand coming in at a close second with 9.2% each.”
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Geographical Gaming Trends, Role of Twitter and Airdrops
Geographically, a few regions have been thriving better than others. According to DappRadar’s report, the Asian market has “long been the driving force” behind the global gaming industry. With over 1.7 billion players, DappRadar noted that it is the largest in the world. Alongside, it is also “brimming with growth potential.” East Asian countries, especially China, Japan, and South Korea, dominate the gaming industry in Asia. According to the report,
”In fact, of the top 100 gaming companies in the world by market capitalization, 62 are from these three countries.”
Interestingly, the survey found that Twitter is the top platform for gamers to discover new games. In fact, airdrops remain a “crucial factor” in motivating users to try new games, even before experiencing the game’s visuals or quality.
Gaming-related tokens have also been faring quite well of late, thanks to the macro-recovery in play. Over the past day, the aggregate capitalization of all tokens from this space has inclined by nearly 6% i.e $11.46 billion. Top tokens from the gaming sector like APE, MANA, AXS, and SAND have registered 4%-8% pumps in just the past 24 hours. In fact, relatively older gaming sector tokens like Enjin Coin also noted an incline of around 6% in the same timeframe.
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So, with the gaming industry evolving, it will be interesting to see how blockchain technology and NFTs will help shape the gaming experience and further foster adoption and help underlying tokens flourish.