As per reports, India’s gaming industry is set to reach $9.2 billion over the next five years, with Web3 gaming emerging as a key contributor driven by higher average revenue per user (ARPU).
The findings also showed that Indian startups have attracted about $3 billion in funding deals at Web3 startups. Within this, infrastructure emerged as the dominant sector this year. Web3 includes the next generation of the internet that is built on decentralized technologies such as the Blockchain and software-based smart contracts.