Based on data from CoinGecko, a premier crypto data aggregator, 72.5% of the leading video game corporations in terms of market capitalization have stepped into the Web3. Notable names from this group encompass Microsoft, Tencent, Sony, NetEast, and Nintendo.

A recent analysis by CoinGecko highlighted that leading digital entities are embracing Web3 technologies at different levels. The report indicates that while some of these firms are pouring resources into Web3 gaming initiatives and blockchain-based game creation, others are expanding their teams with blockchain-focused roles.

Of the top video game makers, CoinGecko identified that 29 out of the 40 – or 72.5% – have delved into this emerging space. Interestingly, only seven of these 29 companies, representing 24.1%, are currently working on blockchain-centered games. Among the prominent names on CoinGecko's list that are crafting blockchain games are Take-Two Interactive, Nexon, Bandai Namco, Konami Holdings, Krafton, Square Enix, and Ubisoft.

Among these frontrunners, Krafton stands out. CoinGecko's insights suggest that Krafton is gearing up for a preliminary launch of its blockchain game in December 2023, with a comprehensive release planned between January and July 2024.

CoinGecko also spotlighted noteworthy endeavors in the Web3 sphere by top gaming firms such as Zynga's Sugartown and Bandai Namco's Ryuzo. Both have unveiled NFTs exclusive to their in-game universes. Specifically, Ryuzo rolled out its NFTs in June, and Sugartown introduced theirs just two months later in August.

Yet, in spite of these advancements in the integration of blockchain and Web3 among gaming corporations, CoinGecko perceives the transition to be somewhat sluggish. Challenges such as scalability issues, market reception, regulatory ambiguities, and potential security vulnerabilities are seen as the culprits behind this measured pace.

Data from CoinGecko, as of September 19, 2023, showcases that the combined market cap of the top 10 video game corporations stands at a staggering $3,219.6 billion. This provides a glimpse into the potential market landscape, especially when contrasting it against the mere $4.8 billion market cap of the present-day blockchain gaming behemoths.