[Report] AI on Web3 Co., Ltd. Releases "Asian Web3 Gaming Report 2024"

In 2024, the Web3 gaming market in Asia is experiencing rapid growth. Against this backdrop of rapid development, the company AI on Web3 has released the 'Asian Web3 Gaming Report 2024' to shed light on trends and user dynamics in the Web3 gaming sector in the Asian market. The company is advancing the evolution of Web3 games in collaboration with partners such as BCGI (BlockchainGaming Info). This article introduces the content of the report.

"Asian Web3 Gaming Report 2024" is based on a survey conducted primarily by the company AI on Web3 ( https://www.aionweb3.ai/ ). This survey was carried out in seven major regions: Japan, Korea, mainland China, Hong Kong, Taiwan, Vietnam, and the Philippines, and it details the growth of the Web3 gaming market as well as analyzes the behaviors and preferences of its users.

It has been revealed that more than 70% of Web3 game users belong to the age group between 21 to 40 years old. In particular, the age group of 31 to 40 years represents 41% of the total, making this group the most active. By gender, females under the age of 40 slightly surpass males, while in the age group over 41, males dominate, with men in the age range of 41 to 50 years accounting for 63%.
Geographically, Japan holds the largest share of Web3 game users, reaching 43% of the total. On the other hand, mainland China and Vietnam each have the lowest share at 7%.

The main reasons Web3 game users play games have become evident: 'to earn money' (54.8%) and 'to enjoy the game itself' (53.5%). Additionally, immersive experiences and the protection and enhancement of game assets are significant attractions. Moreover, collecting NFTs (40.7%) and playing with friends (38.4%) are also important motivations.
On the other hand, regarding social behaviors in Web3 games, more than half of Asian users tend to prefer collaborating with others, while 54% of Japanese users favor playing solo.

The median payment amounts and profits for Web3 game users in Asia are concentrated in the range of 500 to 999 dollars. Among the surveyed users, the total payments over the past year were less than 300 dollars for 27%, and 18.2% were in the range of 1,000 to 1,999 dollars.
Regarding the maximum payment amount for a single game, 33% were less than 300 dollars, and 19.8% were between 500 and 999 dollars, showing the distribution of payment amounts. Furthermore, regarding the maximum profits obtained in the past year, 26.2% were less than 300 dollars, and 18.4% were concentrated in the range of 500 to 999 dollars.

According to the survey, the most common NFT activity in Web3 games is 'purchasing and selling NFTs,' with purchasing (48.9%) slightly surpassing selling (48.1%). Particularly in the Philippines, the sale of NFTs is notable compared to other regions, with 58% of users selling NFTs. Additionally, the NFT game play that users most prefer is 'character development and leveling up,' with 52.4% of users favoring this. Next, 'level clearing for item acquisition' (47.3%) and 'collection of NFT assets' (46.3%) are popular.

Other activities include 'NFT liquidity mining (yield farming)' (42.1%) and 'NFT lending' (26.9%), indicating that various uses of NFTs are advancing within Web3 games.

The report suggests that proposals for improving game quality and new uses of NFTs will contribute to the development of the future Web3 gaming market. In particular, the function of cross-game NFT sharing and their use in offline scenarios are expected.

"Asian Web3 Gaming Report 2024" serves as a valuable resource for deeply understanding the current state of the Web3 gaming market in Asia and predicting its future trends. It is considered essential information for game developers, investors, and all those interested in Web3 technology to grasp market trends and strategize effectively.

For details about the report, please visit the official site of AI on Web3 Co., Ltd., or contact the following address directly.

BCGI aims to contribute to the development of Web3 and blockchain technology through partnerships that provide such valuable market research. We will continue to deliver the latest industry trends and insights to everyone.

The company AI on Web3 utilizes AI and blockchain technology to support research and marketing of Web3 products, including games, and to aid Web3 entries for Web2 products and services. Additionally, the company collaborates with partners like BCGI, focusing efforts on the proliferation and development of Web3 games.

CEO: Allen Chow
Contact: https://www.aionweb3.ai/
Email Address: contact@aionweb3.ai
Telegram: @aowcontact