The global blockchain gaming market is expected to grow at a rate of 69.1% between 2023 and 2029, reaching a value of nearly USD 181.12 billion. In 2022, the market was valued at USD 4.7 billion. Blockchain technology offers video game developers profitable ways to monetize their products through cryptocurrencies and NFTs. The market for blockchain gaming represents the fusion of blockchain technology and the gaming sector. In traditional gaming, transactions are centralized, and players frequently have limited ownership and control over in-game items. Blockchain, on the other hand, offers transparent and decentralized systems that provide users genuine ownership of digital assets via smart contracts and non-fungible tokens (NFTs). Blockchain gaming incorporates decentralization technologies and provides a number of advantages that let users earn cryptocurrency while having fun.
Blockchain Gaming Market Scope and Research Methodology
This study aims to provide a comprehensive overview of the Blockchain Gaming Market, including components, applications, industries, and geographical considerations. The article delves deeply into the key factors driving the growth of the Blockchain Gaming market, including a detailed analysis of its value chain.
The methodology used in this study involves secondary research to assess and predict trends in the Blockchain Gaming industry. The process begins with gathering revenue data from major suppliers and incorporates vendor offerings into market segmentation analysis. The bottom-up approach is used to calculate the overall size of the Blockchain Gaming market based on the revenue generated by major corporations.
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Blockchain Gaming Market Segmentation:
Based on the Platform, Ethereum (ETH) segment dominated the Blockchain Gaming Market in the year 2022 and is expected to dominate during the forecast period. The early adoption and established infrastructure for blockchain of ETH has increases the demand for the Blockchain Gaming Industry. Ethereum’s smart contract capabilities and widespread developer support contributed to its dominance. To ensure fair gameplay, a smart contract defines the rules for a game that are automatically enforced by the blockchain.
Based on Devices, The web segment held the largest Blockchain Gaming Market share in the year 2022 and is expected to dominate the market during the forecast period. The growth of the web segment is due to the user-friendly gaming experience provided by it. Web platforms also played a significant role in providing accessibility without the need for specific device installations. The choice of device segment dominance could depend on the specific games, user demographics, and developer strategies.
by Game Type
Collectible Games
Role Playing Games
Open World Games
by Platform
ETH
BNB Chain
Polygon
Others
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Blockchain Gaming Market Key Players:
1. Dacoco Gmbh (Switzerland)
2. Dapper Labs (Canada)
3. Immutable (Australia)
4. Uplandme (US)
5. Sky Mavis (Vietnam)
6. Splinterlands (US)
7. Animoca Brands (Hong Kong)
8. Wemade (South Korea)
9. AlwaysGeeky Games (Canada)
10. Decentraland Foundation (China)
11. Mythical Games (US)
12. Illuvium (Australia)
13. Sorare (France)
14. PopCap Games (US)
15. G.JIT Japan (Japan)
Regional Analysis:
Market share data is presented for several regions, including North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Maximize analysts conduct a comprehensive assessment of competitive strengths, as well as individual competitive analyses for each key player.
Key Questions Answered in the Blockchain Gaming Market Report are:
- Which segment dominated the Blockchain Gaming market in terms of market share?
- What characterized the competitive landscape of the Blockchain Gaming market in 2023?
- What are the primary drivers fueling the growth of the Blockchain Gaming market?
- In 2023, which region held the largest proportion of the Blockchain Gaming market?
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