# 3. Global Game Market Report

Web3 games are known as the embryonic form of the metaverse. This year, the blockchain version of "MapleStory: MapleStory Universe" raised $100 million in financing and became a star project of Web3 games this year. In Web3 games, assets such as characters, equipment, and props are confirmed and transferred through blockchain technology, ensuring the rights and interests of players and the value of assets.

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Game assets on the chain, this is the direction and trend of future game development. It can be said that games are the best medium to connect the existing Web2 and Web3. According to the "Global Games Market Report" released by Newzoo, in 2023, the number of global gamers reached 3.305 billion. It is expected that by 2026, the number of global gamers will reach 3.675 billion.

But how much value does the game ecosystem create exactly? According to a report released by VGI, an institution focused on PC game data research, the Steam game platform had more than $9 billion in receivables in 2023.

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According to the latest report and forecast of market analysis company Newzoo, the global gaming industry is expected to reach 187.7 billion US dollars in 2024.

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According to data analysis and predictions from Statista in Germany, the global video game market revenue is expected to reach 455.28 billion U.S. dollars in 2024, and by 2029, the global video game market revenue is projected to reach 666.68 billion U.S. dollars.

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