Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.
to build games on the Avalanche blockchain via its Web3 arm IntellaX. A key reason was cited as Korea having an appetite for esports and blockchain games, with a large fanbase for various gaming cultures and huge consumer interest.However, even as blockchain-based gaming remained a huge theme throughout the event, few developers were a contrarian voice as to why the sector could be slightly overhyped.
The sector itself is struggling to find a smash hit, as many of the most popular blockchain games only have a few hundred to a thousand users – a fraction of what third-tier traditional games on platforms like Steam count. Local companies dominated the trade show floor and advertising. An expectation, considering that Korea is a large economy with a strong domestic crypto industry.
Crypto doesn’t have this same analogy. There’s no equivalent to the African bond market or South-East Asia equities market. There’s just one crypto market.
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