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 Dynamics

Blockchain Gaming Market Drivers

  • Switch to Blockchain-Based Games Instead of Conventional Ones

As traditional games are centralized, all the game's assets—including characters, skins, weaponry, coding, and experience—cannot be transferred to other games or projects. On the other hand, users might possess digital assets within games thanks to blockchain gaming. Players can now utilize in-game products and awards from various cryptocurrency gaming projects. There are several ways for players to make real money using blockchain games.

  • Distinct Patterns in Active Wallet Usage

Users may access applications across blockchain ecosystems using the DappRadar, which is the leading platform for dApp discovery according to standard measurements. DappRadar keeps track of the distinct Active Wallets (UAWs), the quantity and amount of transactions for every dApp. The UAW is represented by the rankings. This important measure indicates which app is at the top of the charts since the most user wallets are interacting with it.

Blockchain Gaming Market Restraints

  • Regulatory Obstacles

The laws governing cryptocurrencies and NFTs may deter players and developers from realizing the full potential of blockchain games. The use of these cryptocurrencies, like MANA and Theta, by regulatory agencies is still a puzzlement; they are still trying to comprehend how and when they can be used in gaming over the blockchain.

  • Insufficient Knowledge about NFT and Blockchain Technology

Lack of understanding of blockchain technology is the greatest obstacle to the general public's acceptance and adoption of blockchain gaming. Right now, one of the most interesting and popular technologies on the market is blockchain technology. End users still have some difficulty grasping the intricacies of the blockchain concept, though.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Blockchain Gaming Market

Report ID: SQMIG45E2251

$5,300
BUY NOW GET FREE SAMPLE