New data indicates that the blockchain gaming market is expected to reach hundreds of billions of dollars by 2030, driven by a robust annual increase.

Blockchain Gaming Market Growth

The blockchain gaming sector is on track for significant expansion, with estimates suggesting it could reach $301.5 billion within the next six years, reflecting an annual growth rate of around 68%.

Factors Driving Growth

Analysts at blockchain analytics firm Nansen attributed this surge to the decentralized nature of blockchain technology, which allows players ownership of in-game assets, such as non-fungible tokens (NFTs) and tokens.

Popular Game Genres

Among various genres, role-playing games (RPGs) are particularly well-suited to benefit from blockchain, due to the genre’s emphasis on character progression.

“RPGs account for 22% of all web3 games, followed closely by action games at 17%.”

GameFi Investment and Market Share

Nansen points out that AAA titles in GameFi currently make up just 1% of web3 games. However, AAA and AA games account for 6%, surpassing the 4% mark for traditional web2 AAA and AA titles distributed on popular gaming marketplaces.

Opportunities for Traditional Developers

The growth in blockchain gaming signals significant opportunities for traditional game developers. Despite the challenging crypto landscape, daily trading volumes for blockchain games rose nearly 9% in August. Networks like opBNB, Ronin, and Polygon are well-positioned to support this growth.

Traditional game developers are also exploring opportunities in web3 gaming. Ubisoft, known for hit franchises like Assassin’s Creed and Far Cry, is entering this space with its tactical role-playing game, Champions Tactics: Grimoria Chronicles, set to launch on HOME Verse, a gaming hub on Ethereum’s layer-2 network, Oasys.

#CryptoGains #BlockchainCommunity #CryptoMarket

Post Views: 6