SE Asia's gaming startups record funding surge, but can they sustain the momentum?

SE Asia's gaming startups record funding surge, but can they sustain the momentum?

Photo from Unsplash

Traditionally not known as a hotbed for digital games development, Southeast Asia suddenly found itself the centre of attention last year, thanks to the global success of blockchain-powered brands such as Axie Infinity and Yield Guild Games.

Things, however, have changed as the incentive to play has withered with falling non-fungible token (NFT) prices, security hacks and the demise of major centralised exchanges that facilitate digital asset transactions.

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