Is Southeast Asia still cashing in Web3 Gaming?

Southeast Asia is a prime market for Web3 games because of its large, young population and early adoption of Web3 culture. The report aims to analyze the current state of the market and determine its future prospects for Web3 game companies.

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5 Reasons why there are the Web3 Game players in Southeast Asia

• Web3 games have gone down because the value of cryptocurrency has dropped, Southeast Asia is still an important place for the games.
• The chance to earn more money by playing Web3 games is keeping people interested. They can make more money playing these games than they can from regular jobs in the area.
• Success stories from the Play-To-Earn cycle and the FOMO effect are the factors to sustain the interest of the players.
• (Not too strong) regulatory environment drives market growth and attracts both developers and players.
• High engagement rates in Philippines and Indonesia show a strong user base for the regional players

Southeast Asia is a good place for Web3 games, game makers need to really understand why people play and what they want. Lots of users like to play and spend money on games, but there are cheating problems to get free stuff and relying too much on giving players rewards. So why Players still Cash-in Web3 games?

Primarily, due to the potential for financial gain, the region has high reward sensitivity, coupled with a young, tech-savvy population, creates a fertile ground for these games to thrive.

Originally written by:

?? Jay Jo, Senior Research Analyst, Tiger Research

?? Yoon Lee, Business Development Manager, Tiger Research

??Download the full report here: https://reports.tiger-research.com/p/sea-web3-gaming-market-eng?