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The Future of Blockchain Gaming and Web3 in Asia

Explore the highlights from IVS Crypto 2024 in Kyoto, where Japan's leading voices discussed the future of blockchain gaming and web3, amidst government support and innovative projects.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

The Future of Blockchain Gaming and Web3 in Asia

IVS Crypto 2024 in KYOTO followed the 2023 edition, maintaining its status as a key crypto event in Japan. The conference theme, "Cross the Boundaries," focused on blockchain technology and web3, emphasizing applications in gaming, entertainment, and AI. Kyoto, known for its historical significance, hosted 300 side events and drew over 12,000 participants.

Discussions explored integrating web3 into daily life, with a notable emphasis on blockchain gaming. In this article, we will explore the highlights from IVS Crypto 2024 in Kyoto, focusing on blockchain gaming and web3 innovations. You will learn about key projects, government support, and Oasys’ role in shaping the future of web3 gaming.

The Future of Blockchain Gaming and Web3 in Asia

The Future of Blockchain Gaming and Web3 in Asia

IVS Crypto 2024 Highlights

At IVS Crypto 2024, Oasys’ Director in Tech, Ryo Manzoku, and Representative Director, Ryo Matsubara, participated in panel discussions exploring the intersection of increasing web3 demand with Japan’s economic challenges and currency depreciation. They also highlighted Oasys’ role in fostering game development and promoting widespread adoption, particularly emphasizing the promising future of blockchain gaming in Asia.

The Web3 Entertainment Zone "SHAKE!" featured prominently at the event, serving as the focal point for traditional and web3 gaming projects alike. Attendees had the opportunity to preview upcoming blockchain game releases and engage in sessions covering project updates, tokenomics, marketing strategies, and web3 approaches by leading web2 gaming and entertainment companies. 

The Future of Blockchain Gaming and Web3 in Asia

The Web3 Entertainment Zone "SHAKE!"

Several innovative projects from Japan are addressing key challenges in the content industry:

  1. AnimeChain: This project, detailed in its WhitePaper, aims to support creators in the animation industry. AnimeChain utilizes AI technology to address issues such as labor shortages, rising production costs, and copyright challenges.
  2. Resela: Developed by gaming giant KONAMI, Resela is an NFT solution designed to enhance the development of blockchain games, tackling various industry-specific challenges.
  3. Katana: YGG Japan introduced Katana, a Layer 3 project focusing on games leveraging StarkNet’s zk technology, promising advancements in scalability and security.
  4. tv asahi’s Blockchain Games Accelerator: This initiative is geared towards accelerating the development of blockchain games, fostering innovation and growth within the industry.
  5. PLAYTHINK’s “NewLo“: PLAYTHINK launched NewLo, a new loyalty program tailored for the web3 era. It converts traditional loyalty points into tokens, offering users enhanced flexibility and engagement in loyalty programs.
Konami Resella Avalanche

Resela by KONAMI on Avalanche

Japan Leading the Charge in Web3 Gaming

Japan is emerging as a significant player in the blockchain gaming sector. At IVS Crypto 2024 KYOTO, Masaaki Taira, a Member of the House of Representatives from Japan’s Liberal Democratic Party, highlighted the government’s enthusiastic support for blockchain initiatives.

Japan’s rich and diverse culture, combined with a weakened yen, is attracting a record number of international visitors, surpassing pre-COVID-19 levels. Taira pointed out that blockchain and NFT technologies are essential for accurately pricing unique Japanese experiences in the secondary market.

Hokkaido ski resort sold an NFT

Hokkaido Ski Resort Sold an NFT 

For instance, a Hokkaido ski resort sold an NFT granting line-skipping rights for over $500, demonstrating blockchain's potential to monetize Japan’s cultural assets and draw a global audience eager for innovative cultural experiences.

Recognizing the importance of fostering web3 growth, the Japanese government is streamlining its tax system and promoting collaboration between startups and corporations. This proactive approach aims to create a favorable environment for game developers and innovators to thrive in Japan’s expanding web3 landscape.

WebX Japan PM

Prime Minister of Japan, Fumio Kishida

Role of the Oasys Blockchain

Oasys blockchain has made significant strides in advancing web3 gaming in Asia at IVS Crypto 2024, with a lineup of anticipated blockchain games slated for 2024:

  1. CoinMusme: CoinMusme captured the audience's attention with lively performances across multiple stages, introducing their new original song, “Gacha 3.0.” This release features 5 Musme-chan characters based on tokens, including the participation of Oasys-chan.
  2. Battle of Three Kingdoms: Developed by double jump.tokyo with SEGA's IP, this title unveiled major updates. Mr. Nishiyama, the series’ creator, was announced as the game’s producer, introducing a new “promotion” system. It is scheduled for winter 2024 release, with a pre-event starting in fall.
The Future of Blockchain Gaming and Web3 in Asia

Web3 IPs in Asia

Final Thoughts

In summary, IVS Crypto 2024 in Kyoto highlighted Japan's growing role in the global blockchain gaming and web3 sectors. With strong government support, innovative projects addressing industry challenges, and a collaborative ecosystem, Japan is leading advancements in digital entertainment.

The event underscored the potential for web3 gaming to reshape interactive experiences worldwide, emphasizing creativity and accessibility through blockchain technology. For more information on the event please check the official Oasys website here.


Event Summary

updated:

July 9th 2024

posted:

July 9th 2024

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