Global Blockchain Gaming Market

Blockchain Gaming Market Size, Share, Growth Analysis, By Architecture (Decentralized Monolithic, Decentralized Layered Architecture), By Game Type (Role-Playing Games, Open World Games), By Platform (ETH, BNB Chain), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2251 | Region: Global | Published Date: November, 2024
Pages: 202 | Tables: 87 | Figures: 71

Blockchain Gaming Market Regional Insights

Asia Pacific holds the top slot of blockchain gaming in the whole world due to its large and technology-friendly population, high penetration of smartphones and deep-rooted gaming culture. The nations like South Korea, China as well as Japan are at the forefront of building gaming infrastructure and injecting resources into blockchain technology. Moreover, there is support for innovative ideas and technological advancement through sound policies from governments as well as cooperation among the programmers. User engagement and industry growth are also fuelled by the growing popularity of eSports and the growing interest in play-to-learn models. In the Asia Pacific zone, the integration of blockchain into gaming powerhouses and young firms enhances market vitality and reinforces its status as the global leader in such sectors.

The fastest growing region in the global blockchain gaming market is North America, due to its strong technological base, high acceptance rate for new technologies, and rising gaming sector. Large venture capital investment coupled with the presence of important tech companies and blockchain leaders speeds up the development and adoption of Blockchain games. The rising popularity of NFTs and decentralized finance (DeFi) gives blockchain gaming an edge over other types of gaming. The availability of clear regulations and favorable laws drives more innovations while luring developers into the market. Rapid growth of this sector can be attributed to the high purchasing power as well as a great inclination for electronic leisure activities among customers in that region.

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Global Blockchain Gaming Market size was valued at USD 4.60 billion in 2022 and is poised to grow from USD 7.83 billion in 2023 to USD 554.23 billion by 2031, growing at a CAGR of 70.30% during the forecast period (2024-2031).

The competitive landscape of the global blockchain gaming market is characterised by leading competitors diversified offers and quick innovation. Ubisoft is one of the leading global companies that uses blockchain technology in its games; Sky Mavis is known for its popular game Axie Infinity while Animoca Brands is famous for its blockchain-based games as well as investments. Among others, Enjin and Decentraland have predominantly been prominent names in the virtual world and NFT gaming verticals leading to growth of marketplaces and competitive scenarios. 'Sky Mavis (Vietnam) ', 'Splinterlands (US) ', 'Animoca Brands (Hong Kong) ', 'Wemade (South Korea) ', 'Dacoco (Switzerland) ', 'Dapper Labs (Canada) ', 'Immutable (Australia) ', 'Uplandme (US) ', 'AlwaysGeeky Games (Canada) ', 'Decentraland Foundation (Argentina) ', 'Mythical Games (US) ', 'Illuvium (Australia) ', 'Sorare (France) ', 'PopCap Games (US) ', 'G.JIT Japan (Japan) ', 'Double Jump.Tokyo (Japan) ', 'Gala Games (US) ', 'Lucid Sight (US) ', 'Rokosoft (South Korea) ', 'Horizon Blockchain Games (Canada)'

Switch to Blockchain-Based Games Instead of Conventional Ones

Integration of NFTs: In the international games business of blockchain, there is a rising use of NFTs that allows for owning, trading, and profiting from unique in-game assets by the players. There is a rise in popularity and development of blockchain-powered games due to this as it means greater involvement of players and emergence of more income sources.

Asia Pacific holds the top slot of blockchain gaming in the whole world due to its large and technology-friendly population, high penetration of smartphones and deep-rooted gaming culture. The nations like South Korea, China as well as Japan are at the forefront of building gaming infrastructure and injecting resources into blockchain technology. Moreover, there is support for innovative ideas and technological advancement through sound policies from governments as well as cooperation among the programmers. User engagement and industry growth are also fuelled by the growing popularity of eSports and the growing interest in play-to-learn models. In the Asia Pacific zone, the integration of blockchain into gaming powerhouses and young firms enhances market vitality and reinforces its status as the global leader in such sectors.

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Global Blockchain Gaming Market

Report ID: SQMIG45E2251

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