Follow the money? Korea Blockchain Week concludes this weekend in Seoul and one of the overarching themes is enthusiasm for blockchain-based gaming as the key to opening up a Web3 world to a broader audience.
Beyond being just a buzzword, Web3 is supposed to be a reimagined Internet that offers users gaming, social media and financial services through decentralized applications, or dApps, running on a blockchain and controlled by a user’s own wallet.
Gaming-related companies, such as Australian-based Immutable, reckon they will be the breakthrough industry for blockchain-based Web3 services and point to the interest of venture capital funds and the money flowing into the sector as evidence.
Much is at stake. The current global video gaming market was valued at US$195.65 billion in 2021 and is expected to grow about 13% every year from 2022 to 2030, according to market researcher Grand View Research. It also has large stakeholders. The gaming industry accounted for more than 70% of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...