Nov 29, 2023

The Web3 gaming market continues to grow, albeit at a slower rate than before, according to a recent report from Game7.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The web three gaming market continues to grow albeit at a slower rate than before. That's according to a recent report by game seven web three gaming saw extreme growth in 2021 with 811 games launched during the bull market. Since then, the number of games launched each year has decreased to 640 in 2022 and 223 this year. While 200 23 games were launched this year, the chart shows that 43 were halted. The report also found that most web three game developers are based in the Asia Pacific region, hosting 40% of all teams and launching half of the new web three games this year. Still the USA commands the largest country market share, hosting almost a third of web three game development teams today. Other notable contributors include South Korea at 12% and the UK and Singapore each at 6%. Suggesting the industry continues to disperse globally. Taking into account factors like regulation talent and demand as a disclosure. I should note that I am a contributor to the game seven Dow. That's it for today's chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.

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