The Hong Kong subsidiary of The9 launched the Web3 gaming platform the9bit and partnered with YGG Guild. This veteran game operator once代理过 World of Warcraft and is now transitioning to blockchain games.

I think this move is quite smart. Traditional gaming companies entering Web3 can leverage YGG's ecosystem to attract new users, but the market competition is fierce. The9bit needs to have killer gameplay to stand out.

Given the recent negative premium on ETH on Coinbase and the overall decline of crypto stocks in the US, the launch of such platforms may boost sentiment in the blockchain gaming sector. In the short term, pay attention to capital inflows, but don’t blindly go all in; the risks are still present.

In the future, if Web3 games integrate RWA, it could become the next breakout point. I recommend keeping a close eye on YGG.