Monday, July 22, 2024

India tops the list in global adoption of P2E gaming.

India has found itself at the No.1 spot in the global adoption of play-to-earn (P2E) gaming.

According to Finder’s NFT Gaming Adoption Report, NFT gaming is gaining traction and popularity in India, where 34% of respondents said they have played a P2E game. 29% of respondents of P2E gamers come from Hong Kong and 27% from UAE. The report expects the percentage of those playing NFT games to rise from 6% to 15% by 2022-end.

Finder highlighted that P2E is on the rise globally with adoption set to grow 10% on an average. Keegan Francis, the cryptocurrency editor at Finder, said new gamers have a number of platforms to choose from. Each platform empowers gamers with different mechanics. Francis highlighted that while some are free to play, others like Axie Infinity require investment. If a player is interested in a game, but can’t afford the entry cost, he or she can consider a Guild. The expert explains that Guilds help the users play a game like Axie Infinity for free by lending them the required NFTs. The users are entitled to a share of the earnings, but a remainder goes to the Guild.

The report also highlighted that men are more likely than women to have played NFT games. An average of 17% of men said they have played a P2E game, compared to 12% of women globally. The gap is noted to be widest in Singapore, where 32% of men own cryptocurrency compared to 13% of women. Furthermore, those in the age group of 18-34 are most likely to have played a P2E game. India has been recording the highest percentage of respondents who participated in this realm of NFT gaming at 42%.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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