Economics and Regulations Place $NAKA Poised for Take Off
Nakamoto Games’ geoeconomic position boosts user adoption and growth opportunities
Nakamoto Games is a thriving Web3 Gaming Ecosystem. Our platform contains almost 180 unique blockchain games, a Metaverse environment that runs on our native token, $NAKA, a 10,000-strong NFT collection known as the NAKA Punks and the $NAKA Mobile App launching in Q2.
All this, plus our lucrative tournaments and diverse ways to earn, makes Nakamoto Games the most complete ecosystem on the Web3 market. However, it’s not just our great team, diverse features, and speed to market that make us the frontrunners. There is a variety of external factors at play that favor us when compared to other platforms.
Firstly, Nakamoto Games’ headquarter is in Thailand, one of the most crypto-friendly jurisdictions in the world. In Thailand, the emergence of regulations for cryptocurrency has paved the way for the growth of GameFi.
The Bank of Thailand reported a 17-fold increase in domestic crypto trading volume, from $143 million in 2018 to $2,589 million in 2020. This is thanks to the government's efforts to provide regulatory clarity.
Thailand is among the first countries globally to regulate digital asset offerings. The Thai SEC welcomes crypto businesses and the government offers tax incentives for crypto startups. All of which has created a favorable environment for the development of GameFi.
Furthermore, Nakamoto Games sits in the heart of a territory that is the global leader in GameFi adoption. The top three Web3 gaming countries by user count are The Philippines, Vietnam, and India, all of which are close neighbors to Thailand. This gives us prime access to the biggest markets in GameFi.
Last but certainly not least, Nakamoto Games is based in close proximity to Hong Kong. With Hong Kong embracing crypto and welcoming retail investors from mainland China, we can expect a massive influx of fresh capital flowing into the crypto market.
Hong Kong’s decision to open crypto to retail investors is an incredible opportunity for Web3 platforms. This is particularly true for those who stuck to their guns and built throughout the bear market.
Nakamoto Games has everything in place to take off. We have the team, the games, the tournaments, and the earning potential to take the crypto world by storm. Importantly, we have prime access to the regions of the world embracing crypto and Web3 gaming the most.
Get ready, NAKAFAM; there is about to be a wave of investment and a horde of new users coming to our platform. More users mean more game lobbies, rising $NAKA value, and increased ecosystem reinvestment. All of this will lead to a richer platform for gamers, investors, and developers.