China’s Metaverse Gaming Market Might Explode to Over $100 Billion According ...
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan Analysts Believe Metaverse Gaming Set to Boom in China The metaverse and the market derived from this new industry trend have been objects of study by different institutions interested to enter this newfound market.....
Related News
The gaming industry is rapidly growing, and the emerging play-to-earn model coupled with blockchain and the Metaverse is the future. The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth $152 billion. This growth has meant that, since the introduction of Web 3.0, there has been a consistent rate at which Web 3.0 games are growing and....
Video games, the Metaverse and NFTs. Binance NFT has become the largest centralized gaming NFT marketplace. See what the team has accomplished and how Binance NFT is building the Gaming Metaverse.
Main Takeaways:
Since June, Binance NFT has become the world’s largest centralized NFT gaming marketplace, successfully on-boarding over 60 gaming projects and selling over 1 million gaming NFTs.
Binance NFT has recently launched the first-ever Initial Game Offering (IGO) as part of the vision to build a home for NFT gaming, but most importantly, a....
Siu noted that the Metaverse won’t be a single or central entity but a combination of several metaverses. The $200 billion gaming industry is rapidly becoming a key point of interaction between Web2 and Web3. In recent times, a growing number of gaming companies have integrated digital wallet support and nonfungible token (NFT)-based reward systems and even launched their own metaverses.The growing prominence of GameFi in the Web3 economy makes the likes of Animoca Brands believe that it would become an onboarding point for the Metaverse. During the Future Blockchain Summit, Animoca Brands....
Former Nintendo of America President, Reggie Fils-Aimé, believes that the gaming industry is steadily going to integrate metaverse elements into its games. Fils-Aimé thinks that established gaming companies, like Nintendo, are better suited to be leading the race for the metaverse than other companies due to their experience in building interactive and persistent worlds.
Former Nintendo President Thinks Gaming Companies Will Lead the Metaverse
The race toward the metaverse space is on, and some think that gaming companies have the upper hand to lead the space in the....
NFT Metaverses became by far the hottest trend in the gaming universe in 2021. The explosive success of games like Axie Infinity, which has sold over $3 billion in NFTs, looks like the beginning of a new era where gaming meets crypto – and gamers can finally reap extraordinary rewards for their talents. The advantages […]