Crypto gamers in South Korea are steadily moving overseas due to the county’s ongoing ban on play-to-earn (P2E) gaming and blockchain games.
As South Korea ranks fourth in the world’s top markets for video gaming, the vast scope of gamers has reportedly raised concerns from the government regarding youth involvement in gambling.
Members of the government are said to have shared their worries regarding the popularity of crypto gaming as a possible link to addiction in the gambling industry.
During the covid-19 pandemic, the rise of South Korean adolescents being treated for gambling addiction rose with over 7,000 undergoing treatment between 2017 and 2021, according to a report from the Korea Herald.
Such circumstances saw the government prohibit decentralized blockchain gaming, P2E and NFT games.
As a result of the ban, South Korean game developers have been looking at the overseas market as the next destination for legally launching their blockchain-based games and releasing P2E models and technology.
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