Trinity Gaming India has announced a partnership with EmChain FZE in order to support businesses worth $10 million in the Web3 and blockchain-based gaming sector in India.
Gaming content and marketing company, Trinity Gaming and EmChain FZE will train, advise, and create revenue streams for developers in the Web3 and blockchain space as part of their partnership.
“Given the massive market opportunity with the highest number of active wallet holders in the world and 400 million plus active gamers, India has the potential to become a global leader in the web3 space,” said Towqeer Gilkar, CEO of EmChain.
“EmChain plans to capitalize on this by delivering quality content and distribution with Trinity’s network of creators and influencers,” he added.
Trinity claims that it will launch a daily podcast called “Emchain Podcast” to discuss Web3, blockchain, and P2E games, which will be accessible on streaming services like Spotify and YouTube.
These steps are taken for easing the uptake of Web3-based gaming content through education. The company asserted that its influencers will be crucial in boosting future acceptance rates for Web3-based gaming content.
“By working together, we can explore Web3 game prospects for our creators, which will enable them to commercialize their skills,” said Shivam Rao, co-founder and chief operating officer (COO) of Trinity Gaming India.
“With the increasing interest in play-to-earn games, enthusiasts will now be able to explore newer opportunities to experience and monetize Web3 platforms,” he added.
Recently, Trinity Gaming estimated 50% revenue growth expectancy in FY23 for the company and registered Rs 48.7 crore as net revenue in FY22. Co-founder of Trinity Gaming, Abhishek Aggarwal had said at the time, “Our revenue climbed from Rs 10 crore in FY21 to Rs 50 crore in FY22, and now the objective for the current fiscal year is to reach Rs 75 crore.”
The company also expanded to the Middle East with Aggarwal commenting, “We are trying to replicate our business model in the Middle East, specifically in Egypt, Bahrain, Saudi Arabia, and UAE. The Egyptian market resembles the Indian gaming market during 2018 or 2019, and the local government has also been very supportive.”