A couple of years ago, different media sources showed that China and the US were critical Esports income providers.
India had a significant sum; however, after the BGMI restriction, the numbers have fundamentally diminished. The world has already moved to Web3 gaming; however, we are as yet attempting to construct esports in India.

India, one of the biggest business sectors with a population of 1.3 billion, is as yet lagging in the esports ecosystem, which is the primary reason for the lack of an authority organization in India that can direct the industry’s legal structure.

Let’s have a look at why India should move towards Web3 gaming:

1) India really must adjust to the ongoing worldwide demands, where investors from everywhere around the world are starting to move toward digital gaming and digital tokens. Numerous countries have proactively advanced past digital tokens, and pay-to-earn models are beginning to draw more VC interest.

Indeed, even venture capitalists are swarming into western markets, and Indian esports should take advantage of this to use this market completely.

2) Esports in India has colossal potential. Affordable smartphones and internet access have allowed emerging gamers to contend in significant tournaments.

According to estimates, there will be more than 500 million gamers in India by 2025. The AVGC (Aviation, Visual Effects, Gaming, and Comics) financial plan for 2022–23 incorporates Indian gamers also. Esports fans can track down various opportunities in this industry across different spaces.

3) The worldwide esports market might have had a decrease in monetary figures, yet the Indian esports business is achieving success. Furthermore, the number of mobile gamers has exploded, signaling a serious shift in the Web3 gaming industry.

Credit: Sportz Craazy