Scholarship programs have driven Web3 gaming in the Philippines but it's a different story in Japan, says Yield Guild Games, which wants to tap into popular gaming IPs to bring in new Web3 gamers.
for play-to-earn games such as Axie Infinity, the guild has gradually been expanding to other countries and regions such as India, Japan, Brazil, and Latin America though the use of subDAOs.
For example, Chou noted that while the concept of YGG scholarships — in which players people are are loaned NFT assets so that they can earn from games — has been a key driver for web3 gaming adoption in the Philippines, he doesn’t see this necessarily being relevant in the context of YGG Japan. “Japanese IPs are something that everybody covets. [...] You have [companies like] Sega, Bandai Namco, all those gaming companies want to pivot and come into Web3."
Chou said other barriers included a lack of knowledge about what NFTs represent, as many critics still argue that the assets are worthless as they can just right-click and save the NFTs associated artwork.
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