As someone who has spent years in both the travel and telecom industry, I’ve witnessed how frustrating and expensive international roaming was in the past. As a frequent traveller, I vividly remember the days of handling multiple SIM cards, dealing with spotty local networks, having to constantly search for wifi spots in cafes, and that inevitable bill shock after returning from a trip overseas without knowing why. Traditional roaming wasn’t just inconvenient — it was a costly burden for travellers.

Then came the eSIM technology, a game-changer that has now redefined how we stay connected globally. Instead of hunting for a local SIM card or relying on expensive roaming plans from home carriers, travellers can now activate a digital SIM in minutes without swapping a physical card. The impact of eSIMs on international travel has been nothing short of revolutionary, offering huge cost savings, enabling seamless connectivity, and finally, enabling the flexibility of choice to the traveller.

In this article, I’ll dive deep into how eSIMs are reshaping international roaming, the benefits for both leisure and business travellers, and what the future holds for this transformative technology.

How eSIM is transforming international roaming

For years, international roaming was a hassle. Travellers had limited options:

• Stick with their home carrier and pay exorbitant roaming fees for a mere 500MB
• Buy a local SIM card at each destination (often requiring passport registration and long waiting times at the airports)
• Use unreliable WiFi hotspots or rent portable routers 

eSIM technology eliminates all these issues, allowing travellers to switch networks instantly without the need for a physical SIM swap. Here’s how it’s changing the game:

• No more physical SIM cards: Gone are the days of fumbling with tiny SIM cards or carrying multiple ones for different countries. With an eSIM, travellers can download a travel data pack directly into their devices and activate it instantly in a few clicks.
• Seamless connectivity across borders: For frequent travellers, moving from one country to another no longer means losing network service or manually swapping SIMs. Many eSIM providers offer global or regional plans that automatically connect to the best available network in each location.
• Instant activation and remote management: Unlike physical SIMs, which require purchasing and inserting, eSIMs can be activated remotely. This means travellers can purchase and activate an eSIM before departure, ensuring they have internet access as soon as they land.

Also Read: Business travel in the new normal: Strategies and tools for SME travel programme

Cost savings with eSIM for travellers

One of the biggest advantages of eSIMs is cost efficiency. Anyone who has experienced international roaming knows how expensive it can be. In the past, travellers either had to pay hefty roaming fees or spend time finding and purchasing local SIMs in each country.

How eSIM saves money:

• Avoiding high roaming charges: Most traditional carriers charge roaming fees that can add up to hundreds of dollars per trip. eSIM providers, however, offer affordable global regional and single-country plans with fixed rates.
• Competitive pricing: Many eSIM providers work with multiple carriers, allowing them to offer cheaper data plans compared to standard roaming.
• Pay-as-you-go flexibility: Instead of being locked into expensive roaming plans for a minimal amount of data allocation, travellers can purchase short-term eSIM packages that suit their trip duration and data needs.

Real cost comparison

Option	Cost Estimate (Per Week)	Coverage	Convenience
Traditional Roaming	US$50 – US$200+	Limited to home carrier’s partners	Requires activation, expensive
Local Sim Cards	US$10 – US$50	Single country only	Requires physical purchase
eSIM Plans	US$10 – US$60	Multi-country coverage	Instant activation, flexible

For most travellers, the math is simple: eSIMs provide better value and flexibility than traditional roaming.

Flexibility and convenience of eSIM for travellers

Beyond cost savings, one of the biggest reasons travellers are embracing eSIM technology is the unmatched convenience it offers. Before eSIM, arriving in a new country often meant searching for a telecom store, dealing with language barriers, and sometimes even providing passport details just to buy a local SIM card. With an eSIM, travellers can simply purchase and activate a plan before they even leave the comfort of their homes.

Unlike physical SIM cards, eSIM allows travellers to store multiple plans on a single device. This means:

• Business travellers can keep their work number while using a travel data eSIM.
• Frequent flyers can switch between regional plans depending on their destinations or purchase a global eSIM plan like JetPac for seamless connectivity across multiple countries.
• Tourists have the flexibility to test different carriers to find the best network coverage.

Switching between carriers is now as easy as selecting a new plan in the device settings. There’s no need to physically remove and insert SIM cards, making the process much faster and more seamless. Furthermore, eSIM isn’t just for smartphones—tablets, smartwatches, and even laptops now support eSIM technology. This means travellers can stay connected on all their devices without needing multiple SIMs.

Also Read: How to not let the bots ruin your travel plans

The role of telecom providers in eSIM adoption

While eSIM adoption is growing rapidly, not all telecom providers have embraced it at the same pace. Some are pushing forward aggressively, while others remain hesitant.

How telecom providers are responding

• Major global carriers leading the way: Large telecom companies have started offering eSIM plans for both local and international use.
• Virtual Mobile Operators (MVNOs) expanding: New providers specialising in global eSIM plans are emerging, offering travellers more choices.
• Telecoms expanding travel verticals: Recognising the demand for seamless connectivity, some telecom providers are integrating travel-focused solutions into their offerings. For instance, Circles has expanded into the travel segment with JetPac eSIM, providing travellers with a reliable and flexible connectivity option.
• Resistance from some traditional carriers: Some legacy telecom companies have been slow to adopt eSIM due to concerns about losing control over customer switching behaviour.

The rise of eSIM is forcing telecom providers to rethink their business models. Instead of relying on long-term contracts, many are now offering flexible prepaid and subscription-based eSIM roaming plans tailored for travellers.

A look at the future

As demand for eSIMs grows, telecom providers will inevitably need to adapt. Companies that fail to support eSIM could risk losing customers to more flexible, digital-first providers.

eSIM technology is fundamentally changing the way travellers stay connected. The days of expensive roaming fees, juggling multiple SIM cards, and hunting for a local network upon arrival are quickly fading. As someone who has worked in both the travel and telecom industries, I’ve seen firsthand how eSIMs are simplifying global connectivity for both leisure and business travellers and I expect the trend to continue growing. 

The benefits are clear—cost savings, flexibility, and seamless connectivity—but the real impact of eSIM extends beyond convenience. It’s reshaping how telecom providers operate, forcing them to adapt to a more digital-first world. It’s also empowering airlines and travel companies to integrate connectivity into their services, enhancing the overall travel experience.

While challenges like device compatibility and provider availability still exist, the direction is clear: eSIM adoption is growing, and it’s only a matter of time before it becomes the standard for international connectivity. For travellers looking to stay connected effortlessly and affordably, embracing eSIM is no longer an option—it’s the smarter way forward.

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I’ve been closely following the unfolding events surrounding President Trump’s announcement of a 25 per cent tariff on all autos manufactured outside the United States, set to take effect on April 2, 2025. This decision, coupled with the ripple effects across financial markets, commodities, and the cryptocurrency sector, paints a complex picture of risk, opportunity, and uncertainty.

My perspective on this topic is shaped by a careful analysis of the data, historical precedents, and the broader implications for both traditional and decentralised financial systems. What we’re witnessing is a pivotal moment where geopolitics, trade policy, and technological innovation are colliding, with far-reaching consequences for investors, industries, and everyday consumers.

Let’s start with the tariffs themselves. The announcement of a 25 per cent levy on imported autos and car parts is a bold move, one that harkens back to Trump’s earlier trade policies during his first term. The stated goal, presumably, is to bolster domestic manufacturing and protect American jobs—a narrative that resonates with his political base. However, the immediate market reaction suggests that investors are less convinced of its efficacy.

Major US indices retreated, with the S&P 500 dropping 1.1 per cent, the Dow Jones slipping 0.3 per cent, and the Nasdaq taking a steeper 2.0 per cent hit. The technology sector, already reeling from negative news in AI and data centre developments, bore the brunt of this decline. The VIX, often dubbed the “fear gauge,” spiked 7.1 per cent to 18.36, signalling heightened volatility and unease among traders. This isn’t surprising—tariffs introduce uncertainty, and markets despise uncertainty.

The impact on the auto industry is particularly stark. Countries like Japan, Germany, South Korea, Mexico, and Canada, which collectively account for a significant share of US auto imports, now face a steep cost increase. For example, Japan’s Toyota and Germany’s Volkswagen rely heavily on the US market, and a 25 per cent tariff could force them to either absorb the cost (cutting into profit margins) or pass it on to consumers (raising prices).

Domestic producers like General Motors and Ford aren’t immune either, as the tariff extends to car parts—many of which are sourced globally. This could disrupt supply chains and elevate production costs, potentially offsetting any competitive advantage the tariffs aim to create.

I see this as a double-edged sword: while it might encourage some manufacturers to relocate production to the US, the short-term pain of higher costs and disrupted logistics could outweigh those gains, especially in an industry already grappling with inflation and semiconductor shortages.

Also Read: US consumer confidence dips: How it’s hitting Asian stocks, crypto and beyond

Turning to the bond market, US Treasuries yields climbed across the curve, with the 2-year yield rising 2.3 basis points to 4.017per cent and the 10-year yield advancing 3.9 basis points to 4.352 per cent. This uptick reflects a shift in investor sentiment—higher yields suggest expectations of stronger economic growth or, more likely, inflationary pressures stemming from the tariffs. The US Dollar Index, up 0.4 per cent to a three-week high, further underscores this flight to safety and confidence in the dollar amid global uncertainty.

Commodities offered a mixed picture: gold held steady, a sign that investors aren’t fully panicking yet, while Brent crude rose 1.1 per cent to US$74 per barrel, buoyed by reports of declining US inventories. In Asia, the MSCI Asia ex-Japan index edged up 0.2 per cent, with Indonesia’s Jakarta Composite surging 3.8 per cent on domestic dividend news, though early trading hinted at broader regional weakness. This divergence highlights how global risk sentiment is fracturing—some markets are finding local resilience, while others brace for a tariff-induced storm.

Now, let’s pivot to the cryptocurrency angle, which adds another layer of intrigue. On the same day as the tariff announcement, Congress struck down an IRS regulation that would have required decentralised digital asset platforms to report customer transactions starting in 2027. This move, which saves the crypto industry an estimated US$4 billion in taxes, is a significant win for the sector—and, notably, for President Trump’s own World Liberty Financial platform.

Decentralised exchanges like Uniswap had argued that the rule was impractical, given their lack of custody over user assets or access to personal data. I find this development fascinating because it juxtaposes Trump’s protectionist trade stance with a deregulatory push in the crypto space, potentially benefiting his personal financial interests. It’s a reminder that policy decisions often carry a personal dimension, and here, the optics are hard to ignore.

Meanwhile, GameStop’s pivot to Bitcoin adds a wild card to the mix. The retailer’s plan to sell US$1.3 billion in zero-coupon convertible bonds to fund Bitcoin purchases—following the playbook of Michael Saylor’s MicroStrategy—sent its stock soaring 12 per cent on March 26. This isn’t just a quirky corporate move; it reflects a growing trend of companies embracing cryptocurrency as a treasury reserve asset.

With Bitcoin’s price historically sensitive to macroeconomic shifts, the tariff-induced uncertainty could either amplify its appeal as a hedge or expose it to sharper volatility. Ethereum, too, is in the spotlight with its Pectra upgrade successfully launching on the Hoodi testnet, though its price dipped three per cent amid a bearish technical pattern. If Pectra hits the mainnet by April 25, as developers hope, it could bolster Ethereum’s long-term utility—yet the immediate market mood remains cautious.

Also Read: Despite decline, global fintech funding remains fairly stable: McKinsey report

The stablecoin front offers a counterpoint of stability. Custodia Bank and Vantage Bank’s launch of a US bank-backed stablecoin on Ethereum marks a milestone in bridging traditional finance and blockchain. This isn’t just a technical achievement; it’s a regulatory breakthrough, showing that US banks can tokenise assets within legal bounds.

Caitlin Long of Custodia has long championed this integration, and her optimism seems warranted—stablecoins could smooth out some of the volatility plaguing other cryptocurrencies, especially as tariff-related turbulence looms.

My take on this is that the tariffs are a gamble—potentially revitalising US manufacturing but risking higher costs, strained trade relations, and inflation that could squeeze consumers already stretched thin. The market’s initial retreat and the VIX’s jump suggest that investors share my skepticism about the short-term outlook, though the dollar’s strength hints at underlying resilience in the US economy.

In the crypto realm, deregulation and corporate adoption (GameStop, Trump’s platform) signal a maturing industry, yet one still tethered to broader risk sentiment. The stablecoin breakthrough offers a glimmer of hope for stability, but Ethereum’s wobble reminds us that volatility remains a constant.

I can’t help but think about the people behind these numbers—the autoworkers hoping for job security, the investors watching their portfolios, the crypto enthusiasts betting on a decentralised future. The tariffs might protect some livelihoods but raise car prices for millions. The crypto wins might empower innovation but also widen inequality if gains concentrate among the well-connected.

My role here is not to pick winners or losers. What’s clear is that we’re in for a bumpy ride—April 2, when the tariffs kick in, will be just the beginning. For now, I’ll keep watching the data, the markets, and the human stories, because that’s where the real truth lies.

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A comprehensive report by January Capital, analysing the ASEAN technology ecosystem for the calendar year 2024, reveals a nuanced landscape characterised by stabilising capital deployment alongside a continued decline in overall deal volume.

The State of the ASEAN Technology Ecosystem Report CY2024 draws extensively on data from Alternatives.pe, an affiliated platform providing private market data for the Asia-Pacific region.

Funding landscape: Stabilisation in capital deployment, decline in deal flow

Overall funding for ASEAN technology companies began stabilising in the latter half of the calendar year 2024, marking the first half-on-half increase in invested capital since CY2021. However, the total number of deals completed witnessed a 23 per cent year-on-year decrease, with seed and early-stage funding experiencing the most significant contraction. Fundraising remains a paramount challenge for founders in the region, with 74 per cent of surveyed founders identifying it as one of their top three hurdles.

Also Read: Tracxn: Top-funded business models reveal shifting tech investment priorities in SEA

A closer examination of funding by stage indicates a growing scarcity of dedicated seed capital. While the seed-stage deal count saw the most significant decline in H2 2024, Series A and B financing stages show signs of stabilisation.

Notably, the amount of capital deployed stabilises, with Series A, B, and C deal values showing either half-on-half or year-on-year improvement in the latter half of 2024. Nevertheless, the seed stage remains the most constrained in terms of capital availability.

Despite average valuations stabilising or even rising across all stages in 2024, with venture stage (seed to Series B) valuations remaining relatively constant year-on-year, 58 per cent of surveyed founders reported raising at a valuation more than 10 per cent below their expectations.

This discrepancy is potentially due to ASEAN founders benchmarking against global peers in the US and Europe, where the fundraising recovery occurred earlier.

Average deal sizes at the Series A and B stages remained moderate, attributed to the absence of traditional follow-on momentum investors, necessitating greater capital efficiency from founders.

Conversely, later-stage financing rounds saw substantial improvements in average deal size in CY2024, suggesting the presence of growth and private equity capital eager to invest in proven business models.

Geographic trends: Emerging opportunities beyond Singapore and Indonesia

Geographically, Singapore and Indonesia continue to be the most active technology investment markets in Southeast Asia in terms of deal count. However, markets such as Malaysia, Thailand, and the Philippines have demonstrated greater funding resilience, highlighting emerging opportunities across the region.

Total investment declined materially year-on-year in Indonesia and Vietnam, although other markets showed sequential stabilisation in the second half of 2024.

Looking ahead, 31 per cent of surveyed founders anticipate Indonesia will offer the most startup opportunities over the next five to ten years, followed by Singapore (28 per cent) and Vietnam (20 per cent). Most ASEAN markets saw a stabilisation of deal activity in CY2024, with Singapore experiencing a material year-on-year decline in seed activity and Indonesia seeing a lesser decline than the previous year. For most markets, capital invested remains below CY2020 levels, with Singapore being an exception.

Annual valuation changes remained relatively stable across most markets, with seed to Series A valuation uplifts consistently trending at 4-6x.

Sector-specific insights: Fintech dominates, AI investment lags

In terms of sector-specific funding, fintech remained the most active sector in CY2024 in the ASEAN region, followed by healthtech, food & beverage/agritech, and software/AI. All sectors, except HRtech, experienced a year-on-year decline in deal count, with edtech seeing the most pronounced decrease.

Also Read: Millennials, Gen Z will shape 79% of SEA’s fintech landscape by 2030: Report

A significant 41 per cent of all capital invested in CY2024 flowed into fintech companies, indicating the relative maturity of this segment in ASEAN.

Interestingly, the report notes that there has not yet been a substantial increase in AI investments in the region, contrasting with trends in North America and Europe.

Seed valuations across most sectors remained relatively consistent, below US$10 million, while Series A valuations showed more variability.

SaaS and AI, as well as e-commerce, exhibited strong valuation growth in Series B and Series C+ respectively, driven by a few larger deals. Average deal sizes generally moderated at the seed stage across most segments, while Series A rounds hovered between US$7.5 to US$10 million.

The founder journey: Fundraising challenges and investor priorities

The report also delves into the founder’s journey, based on a survey of 125 Southeast Asian founders who raised funding in the last three years. An identified market opportunity stands out as the primary motivation for starting a business (81 per cent for first-time founders, 73 per cent for repeat founders, and 52 per cent for serial founders).

Securing the first investment remains challenging, with 68 per cent of founders engaging with more than 10 investors for their first institutional round.

On average, founders experience 18 per cent dilution in their first institutional fundraise. A significant 64 per cent of founders complete their first institutional fundraise within 12 months of starting their business.

Valuations for initial institutional rounds are typically at or below US$10 million. Notably, 58 per cent of founders reported raising rounds at lower-than-expected valuations in 2024, a significant increase from 29 per cent in 2023. Market conditions (39 per cent) and lack of traction (32 per cent) were cited as key reasons for not meeting fundraising targets.

Despite a challenging fundraising environment, 77 per cent of surveyed founders remain confident in scaling their businesses in the ASEAN region. When selecting lead investors, founders prioritise potential value add (80 per cent of all founders) and strategic fit (76 per cent). The biggest challenges faced by founders in working with venture capitalists include finding the right investor fit (49 per cent), lack of support post-investment (33 per cent), and misalignment of vision or goals (37 per cent).

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As a father, one of my greatest hopes for my daughter is that she grows into a woman who pursues her passions and inspires and uplifts others. International Women’s Day is more than just a celebration—it is a reflection on the journey she has embarked on and the ripple effect of empowerment she is creating in the world.

The power of a role model

When she was just eight years old, she unknowingly taught me a profound lesson about influence. At that time, I had recently transitioned from the military and was stepping into my new career as a speaker. The shift was a significant one—moving from a structured, high-discipline environment to a field where my voice and message had to create an impact.

One evening, I was rehearsing a speech at home, deeply engrossed in perfecting my delivery. My daughter sat beside me, watching with quiet curiosity. She observed how I articulated my words, how I paced my speech, and how I used my presence to command attention. After hours of practicing, she looked up at me and said, “Appa, I’m so inspired by how well you speak. I want to be an awesome speaker just like you.”

Those words struck me in a way I hadn’t expected. It wasn’t just admiration—it was a realisation that she saw in me something she aspired to become. She wasn’t just watching me rehearse a speech; she was absorbing confidence, articulation, and purpose. She even memorised parts of my speech and flawlessly recited them back to me. That moment made me realise that our children don’t just listen to what we say—they internalise how we live.

From that day forward, I understood that my role extended beyond being a father. I had the responsibility of shaping a woman who would inspire others, who would use her gifts to empower those around her, and who would one day stand on her own stage—both figuratively and literally.

Also Read: Invest in women, accelerate progress: Why gender equality matters now more than ever

Rising to her potential

Fast forward to today—at 20 years old, she has transformed that childhood inspiration into reality. She has not only honed her speaking skills but has excelled, winning the National Speech Championship and securing first runner-up in the YMCA ‘PESA’ competition. But as much as I take pride in her achievements, what moves me even more is the intention behind her success.

She doesn’t just speak to win competitions. She speaks to make an impact. She has realised that her voice carries weight, and she wants to use it to empower, challenge perspectives, and drive change. Whether she is delivering a speech to a room full of people, mentoring young girls, or simply carrying herself with confidence, she is shaping the aspirations of those who cross her path.

Her impact on other women

A woman’s success is never just her own—it is a beacon for others. This International Women’s Day, my hope for my daughter is that she continues to:

I want her to be a beacon of confidence, showing other women that their voices matter. I want her to inspire them to stand tall, speak boldly, and embrace their stories with conviction. Too often, women hesitate to use their voices because of fear—fear of judgment, fear of inadequacy, fear of being unheard. But a single empowered woman has the power to break that cycle for many others.

I hope she continues to lift others as she climbs. Success means little if it is not shared. I want her to mentor, guide, and empower those who are searching for their own paths. The beauty of leadership is not in standing at the top alone but in bringing others along and watching them rise beside you.

Also Read: How this introvert started a community of women investors in SEA

I hope she uses her voice for change, speaking up for the issues that matter. In a world where inequalities still exist, where voices are often silenced, I want her to be unafraid to take a stand. Whether advocating for fairness in opportunities, addressing challenges that women face, or simply encouraging another woman to pursue her dreams, she holds the power to create a meaningful impact.

Most importantly, I want her to lead by example, not just in words but in action. I hope she inspires women to break barriers, redefine their own limits, and pursue their true potential, no matter the challenges they face.

The future she will shape

The world still struggles with gender biases, with preconceived notions about what women can or should do. But history has shown us that strong female role models change the narrative. I hope my daughter will be one of those women—someone who challenges the status quo, who refuses to settle for less, and who paves the way for others to rise.

Already, she is proving that when women are given opportunities, they don’t just succeed—they transform industries, influence communities, and shape the future. As her father, I will continue to support her journey, knowing that every step she takes is not just for herself but for the countless women who will walk in her footsteps.

This International Women’s Day, I don’t just celebrate my daughter—I celebrate the force of change she is becoming. I celebrate the lives she will touch, the voices she will inspire, and the countless women who, like her, are rising, uplifting others, and shaping a better world for generations to come.

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In Southeast Asia, blockchain gaming continues to grow massively bolstered by several factors such as the region’s large, digitally-native population, mobile phone and internet penetration, as well as the attractiveness of cryptocurrency as a potential income stream. The region’s Web3 gaming market is expected to grow rapidly to US$3 billion by 2032, representing an impressive compound annual growth rate (CAGR) of 40.1 per cent.

This rapid growth in blockchain gaming brings along potential beyond our wildest imaginations. By leveraging blockchain technology to enhance the playing experience of classic, widely played games, we can effectively guide Web2 gamers towards engaging with and embracing Web3 technologies.

Asia, which is home to approximately 1.5 billion gamers, with a vast majority of them being Web2 gamers, holds immense potential in introducing more players to the world of Web3 via blockchain gaming. Merging the ubiquity of traditional games with the innovative possibilities of blockchain, promises to modernise classical games and breathe new life into our favourite, age-old pastimes – from attracting new audiences to engaging players with new gameplay.

What if we add blockchain elements to a classic game enjoyed by 700 million players?

Game developers are exploring ways to innovate by tapping into the widespread appeal of beloved games. Blockchain games are showcasing how expanding upon the foundations of a classic game can reshape its timeless appeal through new ideas and imagination, without intending to replace the cherished original.

Take chess for instance, a game enjoyed by over 700 million players worldwide and undoubtedly one of the most enduring and beloved games for thousands of years. An example of this innovation is Anichess, a decentralised chess variant that adds a unique spell layer to the classic game. In partnership with Chess.com, the world’s most popular chess website, Anichess is co-creating a platform to introduce chess players and gamers to Web3 gaming.

Unlike Web2-based games, blockchain games enable players to truly own in-game items which can also be used across different games and platforms, allowing them to maximise the utility of their assets and enjoy cross-game ecosystems.

Also Read: The future of gaming: How AI technologies are shaping a new era of immersion

However, it remains essential to focus on building games that are genuinely fun to play first, then integrate blockchain where it truly adds value to players. Games that succeed long-term are those that enhance gameplay through blockchain, rather than those that simply focus on blockchain.

For example, Anichess introduces a unique spell layer to the gameplay, adding a new level of dynamism to the classic chess experience. While embracing the fundamental rules and structure of traditional chess, this innovation not only enhances strategy and enjoyment with special spells but also levels the playing field between novices and grandmasters, giving players a fair chance to compete against those with more experience.

In addition to the fun factor, the game integrates blockchain technology by allowing players to collect items such as spells, chess piece cosmetics and battle passes on the blockchain, thus providing gamers with greater control and ownership over the game.

By fusing blockchain elements to the traditional 8×8 board game, it is revitalising chess for the approximately 270 million strong gaming community in Southeast Asia and a whopping 826 million gamers in Asia.

Enhancing the social and economic impact of chess through blockchain

While chess has traditionally been a two-player game, decentralising it on the blockchain allows for players and developers to enhance its community-driven aspects. A Decentralised Autonomous Organisation (DAO) structure enables players to vote on rule changes or features, creating the foundation for open innovation — allowing the community to carve the future of the game together and reflecting the true desire of all the players.

Blockchain also enables open networks to grow in value based on various factors such as number of users and investment. A key element in Web3 networks, which are open and permissionless by design, is cultural capital — intangibles like knowledge, skills and experience. Chess players, who tend to be inherently competitive and strategic, form a unique type of cultural capital, making the network even more valuable.

Chess tournaments also feed into the play-and-earn Web3 game model, giving chess players the opportunity to monetise their skills and turn chess into an exciting source of potential income for anyone. This particularly expands its appeal to a large audience of younger players and especially appeals to the significant unbanked population in Southeast Asia.

Also Read: The future of gaming is female and mobile

Chess is just one example; we will see more traditional games beginning to integrate blockchain elements. This integration maintains the fun aspect while bringing benefits of ownership, social interaction, and economic opportunities to the existing fans of these traditional games.

Putting player engagement at the heart of revitalising classic games

We are continuing to see blockchain-enabled games go mainstream, with the lines between Web2 and Web3 gaming becoming increasingly blurred. Blockchain-based games are not only bridging generational gaps by appealing to both seasoned gamers and tech-savvy youth exploring blockchain-powered games, but getting more audiences exploring possibilities of Web3 in an engaging and accessible manner.

The innovative blend of Web3 elements with traditional gaming never fails to captivate me. By enabling the creation of vibrant, community-driven gaming ecosystems, this exciting fusion promises to revitalise beloved classical games for generations to come. I also believe that Southeast Asia is at the forefront of mainstream adoption of these Web3-enabled traditional games.

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