GameFi Gains Serious Traction in Southeast Asia.

GameFi Gains Serious Traction in Southeast Asia.

The blockchain gaming market now has a value of US$46 billion and is projected to grow to US$65 by 2027 with a CAGR of 70. The median, minimum wage in SEA is just US$300 per month. Axie Infinity broke US$4 billion in NFT sales in February 2022. Playing Gamefi has five NFT games out, plus more being planned for 2023.

DEA recently received US$10 million from LA’s LDA Capital to grow internationally. YGGSEA is a subsidiary of Yield Guild Games, the world’s largest decentralized P&E gaming guild. Yggsea promotes local games and ecosystems in the SEA and has a scholarship program. Also, in Singapore, Infinity Force and Ethos. This is a free-to-play game portal with 22 different games and regular tournaments.

GuildFi Thai website has 25 popular games from other developers, including Axie Infinity and ApeIron. It wants to create a web3 ecosystem of games, guilds, and NFTs. The io GameFi platform is not SEA-specific but does have a well-rounded ecosystem. There are unquestionably many more web games popular in SEA that were not mentioned. The number of gamers in Asia is expected to exceed one billion by 2026.

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