Russia's Central Bank gold and forex reserves as of the week of June 6

New Challenges and Opportunities in the Gaming Industry 1. Introduction The gaming industry has surpassed the film and music industries in scale, but it has faced severe challenges in recent years. In 2023-2024, the industry has encountered waves of layoffs and consolidation, soaring development costs, and significant reductions in investment. Game publishing and distribution have become increasingly difficult, and new projects find it hard to stand out. However, there are still huge opportunities in the industry. The digital native generation will continue to drive market expansion. The "Global South" market, which has long been overlooked, is experiencing explosive growth and will become an important incremental market for the gaming industry in the next decade. This report will explore the latest challenges in game publishing, analyze the high-growth opportunities in the "Global South," and focus on KGeN, a blockchain-based gaming platform, assessing its potential to reshape the incentive mechanisms between publishers and players. 2. Challenges Facing Issuance One of the biggest challenges currently facing the gaming industry is distribution. Changes in consumer habits and regulatory policies

The crypto assets market has performed strongly recently, with the Bitcoin price breaking through $12,000 to reach a 15-month high, attracting more institutional participation. Sub-markets such as crypto asset management, lending, and derivation are gradually maturing, with various products continuously increasing, indicating a broad market outlook.

The new growth engine of the gaming industry: How KGeN is reshaping user acquisition 1. Introduction The scale of the gaming industry has surpassed that of movies and music, but it has faced severe challenges in recent years. From 2023 to 2024, the industry experienced layoffs and consolidation, rising development costs, and reduced investment. Game publishing and distribution have also become more difficult, making it hard for new projects to stand out. However, opportunities still exist. The digital native generation will continue to drive market expansion. The long-ignored global south market is experiencing a rise and will become an important incremental market for the gaming industry in the next decade. This report will explore the latest challenges in game publishing, analyze high growth opportunities in the Global South, and focus on KGeN - a blockchain-based gaming platform aimed at reshaping the incentive mechanisms between publishers and players. We will also evaluate the feasibility of Web3 task platforms and analyze the structural changes in the value distribution of the gaming industry. 2.

Current Status of the Gaming Industry and Analysis of the KGeN Platform 1. Introduction In recent years, the gaming industry has faced severe challenges. After the growth during the pandemic, a wave of layoffs and consolidations emerged in 2023-2024, with rising development costs and decreased investment. The difficulty of publishing has increased, AI content is rampant, platforms are saturated, and players prefer mature IPs, making it difficult for new projects to break through. However, opportunities still exist. The purchasing power of the digital natives generation will drive market expansion. The long-neglected "Global South" market is experiencing explosive growth, and over the next decade, it will become an important incremental market. This report explores the latest challenges in game publishing and the growth opportunities in the "Global South," and analyzes KGeN, a blockchain-based platform designed to reshape the incentive mechanism between publishers and players. We will also assess the feasibility of the Web3 task platform and analyze the structural changes in the value distribution of the gaming industry. 2. Challenges faced in issuance

Recently, the crypto assets market has been active, with Bitcoin prices reaching new highs, breaking through $12,000, and Ethereum also rising rapidly. The CFTC has approved Bitcoin futures products, attracting large institutions to enter and promoting market development. Crypto asset management and lending products are becoming increasingly diverse, attracting more investors to participate.