India has the potential, economically, socially, and monetarily, for Metaverse adoption. India has the second largest number of cell phone users and the second largest number of mobile gamers on the planet. Given the pace of technological change, we are skipping a few specialized phases, like India skipped the PC adoption phase and went straight to mobile.
India might turn out to be the ideal spot for Web3 gaming. Yet, in India, despite having the second highest number of gamers on the planet, monetization in gaming has been low. Despite becoming the quickest, pay-to-play gaming is by far the largest sector in gaming in India. What is clear so far is that in India, we need to coordinate economics inside gaming to give the extra rush to the users as well as make the economic model manageable for the developers. Web3 gaming retains the component of integrating economics through play-and-earn while expanding the potential outcomes of newer economic models, user-created games, and building larger networks via NFTs. Gaming communities are a lot bigger than gamers. More hours are spent in India, where individuals watch others playing Minecraft on YouTube more often than they play it themselves. This implies that the need to be associated with the game is considerably more than the gaming time spent. Such NFTs empower such networks to meet up and begin making networks economically sustainable. This is where Web3 gaming leaps into the ongoing pay-to-play gaming in India. The community and user-created games are also a huge draw for casual gamers to Web3. We hope to see Web3 game platforms by next year, where making games will be as simple as making Instagram Reels today. That would help content creators and extend commitment times inside game complexes.
The community and user-created games are also a huge draw for casual gamers to Web3. We hope to see Web3 game platforms by next year, where making games will be as simple as making Instagram Reels today. That would help content creators and extend commitment times inside game complexes.
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