Author: reNFTLabs
Translation: MetaCat
Layout: MetaCat
Since its launch, Web3 games have been attracting global attention. But which countries are truly leading the adoption of Web3 games? We will review the Web3 game industry from 2021 to 2023 and identify the countries or regions showing strong interest in Web3 games.
According to CoinGecko's statistics (https://cryptonews.net/news/other/20996145/), 9 countries and regions are at the forefront of Web3 games, showing consistent enthusiasm for this revolutionary trend. These include the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, mainland China, and the United Arab Emirates (UAE). They consistently appear in the top 15 for the most searched Web3 game-related terms, indicating the profound impact of this innovative gaming trend in these countries or regions.
Southeast Asia: The Main Force of Web3 Games
Southeast Asia, especially the Philippines, Singapore, and Vietnam, has been an undeniable powerhouse in this field, consistently ranking prominently in the global top 15 for many years. As early as 2021, this vibrant region had 5 countries in the top 15, with Indonesia and India from South Asia tied for 15th place.
In 2022, Southeast Asia's influence further strengthened with the addition of two more countries to the list. However, in 2023, only the Philippines, Singapore, and Vietnam continued to shine in the top 15, demonstrating their unwavering enthusiasm for Web3 games.
Source: https://twitter.com/coingecko/status/1658665199208140805
Turning our attention to East Asia, South Korea, Hong Kong, and mainland China have always been the most fascinated countries or regions with Web3 games, while other countries or regions in the area have yet to enter the top 15.
In South Asia, interest in Web3 games has been like a roller coaster ride. Initially, the region had 3 countries in the top 15 in 2021, but it dropped to only 1 in 2022, and a significant recovery occurred in 2023, with four countries making the list. Pakistan stood out, demonstrating unwavering interest in Web3 games over the years.
In 2023, the Philippines still leads the pack, becoming the most interested country in Web3 games for three consecutive years. Following closely are Nigeria, Pakistan, and Singapore, all making commendable progress in their rankings.
Meanwhile, South Korea surpassed Hong Kong and mainland China, ranking sixth, reflecting a steady growth in interest over the years. On the other hand, Vietnam, mainland China, and the UAE saw their rankings drop due to declining search interest.
Europe also joined the ranks in 2023, with the Netherlands leading as the only European country to enter the top 15. This achievement was made after the country's search popularity more than doubled from the previous two years.
In 2023, four new competitors emerged, with Kenya, Lebanon, and Sri Lanka joining the Netherlands in the top 15 for the first time, surpassing the UAE, which had been in the top 15 for three consecutive years.
In South Asia, Nepal and India re-entered the top 15 after a brief hiatus the previous year.
Fluctuating Trends in Web3 Game Interest
Considering the changes in interest in Web3 games, only four countries achieved sustained year-on-year growth from 2021 to 2023: Pakistan, South Korea, Kenya, and Sri Lanka. In contrast, interest in Singapore, mainland China, Thailand, and Venezuela declined, leading to Thailand and Venezuela dropping out of the top 15 in 2023 and 2021, respectively.
From 2021 to 2022, interest in six countries declined, reflecting a shift from a bull to a bear market. However, they achieved promising recoveries in 2023, with the Netherlands, Lebanon, Nepal, and India surpassing their 2021 levels, and Australia rebounding to its original level.
However, not all countries embarked on a wave of recovery. As a hotbed for Web3 games, the Philippines' interest in 2023 only slightly rebounded, falling below its outstanding performance in 2021.
Furthermore, of the 9 countries that showed greater interest in Web3 games in 2022, not all maintained the same level of participation in 2023. Among them, Russia, Laos, and Malaysia made headlines by entering the top 15 in 2022 but lost their seats in 2023.
Conclusion
This global snapshot of Web3 game interest highlights the different performances of this revolutionary trend around the world. However, one thing is clear: Web3 games will continue to exist and will continue to shape the future of the gaming industry in each country time and time again.
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