Korea’s Blockchain Gaming Revolution: Thriving Amidst Regulatory Challenges

The worldwide blockchain gaming landscape achieved an estimated $4.6 billion in 2022, as per Allied Market Research and MarketsandMarkets. This expansion was propelled by developers utilizing blockchain technology to capitalize on in-game assets, including skins and avatars, via NFTs and cryptocurrencies, which allow for secure ownership and trading. Notably, Niko pointed out a rise in venture capital funding aimed at blockchain-based game creation, especially in South Korea.

Prominent corporations such as WeMade, Netmarble, and Nexon are leading blockchain gaming initiatives in the nation. Nevertheless, the advancement of blockchain gaming confronts significant hurdles owing to stringent government regulations. In this Knowledge Brief, we explore the forces influencing the blockchain gaming sector in South Korea, backed by our proprietary data.

Niko Knowledge Briefs are timely short-form reports on specific topics authored by Niko’s senior analysts using Niko’s proprietary data regarding Asia and MENA. Acquire Knowledge Briefs that catch your interest here. If you purchase 5 online simultaneously for immediate download, you will be able to choose a 6th, which we will email directly to you for free. If you are self-employed, a journalist, or affiliated with academia, please reach out to us for a single-user license for the Knowledge Briefs you desire, priced at $49 each.

Explore the complete catalog here.