Recent data studied by CoinGecko’s Market Researcher Nicholas Boey highlights a significant trend among top video game corporations showing a keen interest in web3, with a majority delving into blockchain gaming, investments, and other related initiatives. This analysis sheds light on the evolving landscape of gaming, particularly as the blockchain integration garners momentum.
- 72.5% of leading video game companies have entered the web3 domain.
- Seven of these companies are actively developing blockchain-based games.
- Pioneering blockchain games by well-known brands are set for release.
- Established video game corporations hold a significant financial weight compared to top gaming tokens in the market.
Active Blockchain Game Developments
Out of the top video game corporations, notable names such as Take-Two Interactive, Nexon, and Ubisoft have blockchain games under development. However, Krafton’s Overdare is the only one slated for a soft launch in December 2023, with a full release planned for early 2024. Meanwhile, Zynga and Bandai Namco have launched exclusive NFTs catering to their respective gaming ecosystems.
Blockchain Integration Strategies
While some companies have chosen a direct approach by developing blockchain games, the majority, about 75.9%, have opted for a more strategic route. These companies focus on blockchain game investments or the development of essential infrastructures, allowing them to harness the potential of blockchain without directly delving into its development. For instance, Microsoft’s strategic investment in WeMade and Tencent’s collaboration with Morpheus Labs are examples of this approach.
Web3 Endeavors by Gaming Giants
The list of initiatives by top video game companies underscores their commitment to integrating blockchain technology. These initiatives range from investments and partnerships to the launch of blockchain-oriented platforms and products. Notable mentions include Microsoft’s investment in WeMade, Tencent’s partnership with Morpheus Labs, and Sony’s investment in Startale Labs.
Anticipating the Future of Blockchain Gaming
Despite its potential, blockchain gaming remains in the developmental stages. Key considerations for the future include the search for a game-changing blockchain product, the importance of player-centric rewards, market expansion to include mainstream gamers, and the complexities of regulation and compliance in this ever-evolving domain.
The study focuses on the top 40 video game companies based on market capitalization that have exhibited interest in blockchain gaming or web3 endeavors. Data was sourced from Companies Market Cap as of September 19, 2023, analyzing each company’s approach to web3, whether through product launches, investments, or blockchain gaming roles.
In conclusion, the intersection of blockchain technology and gaming is witnessing a transformative phase, with leading corporations exploring and investing in web3 initiatives, indicating a promising future for the convergence of these domains.