All roads lead to Web3 gaming in India, but regulation needed: Experts

It's the new sunrise segment in the country's media and entertainment industry

Web3 gaming companies in India have raised $6.7 million in funding between January 1 and August 30 this year — almost three times the $2.4 million raised in all of 2021, according to data from research firm Tracxn. 

Almost every gaming company in the country has either forayed into the Web3 gaming segment or is planning to do so. Dream Sports, the parent firm of India’s gaming unicorn Dream11, invested in Rario, a cricket non-fungible token (NFT) platform. Nazara Technologies, a listed gaming firm, has said that it will look at acquisitions to venture into the category.

“In India the