With 433 million internet users in India gaming online in 2021, the country has quickly emerged as a booming market for NFT gaming. According to a study by Finder, 34% of Indian respondents reported playing an NFT game in 2021- the highest in the world! And this figure is only set to grow as 11% want to give it a try.
NFT gaming marketplaces, therefore, have shifted their focus to India. Why is NFT gaming so attractive here? Read on to find out.
Changing the Game
Blockchain gaming and the metaverse were the two sectors to see the lowest decline following the Crypto Crash in May this year. In fact, the number of daily active wallets on NFT gaming platforms is still high. Investment, too, has remained constant with $2.5 billion being invested in Q1 and Q2 of 2022.
When you consider how boredom and easy access to the internet skyrocketed hand in hand during the pandemic, it’s no surprise that Indian gamers chose to turn to the thriving NFT gaming sector. Smartphones and cheap data rates, too, have contributed in spades to the industry. Of course, the fact that P2E gaming rakes in passive income doesn’t hurt either!
From paying to play a game to playing to pay the bills, NFT games incentivize players. With NFT gaming paving the way to the future, Indian gamers have already initiated the shift to NFT gaming platforms and are reaping the benefits. Today, we see an enthusiastic community of players ready to see what these games have in store.