NFT Gaming Market Update Know whose market share is growing

Published Via 11Press : According to HTF MI, the global NFT gaming market is expected to see a growth of 32.5% and could see a market size of USD 5.1 billion by 2028, currently pegged at USD 1.6 billion.

NFT games are a sub-category of online games that rely heavily on non-fungible tokens (NFTs) for gameplay. NFTs are distinct digital assets held on a blockchain and enable tracking and verification of ownership and provenance. Players can buy, sell and spend NFTs in NFT games to enhance their gameplay. Blockchain-enabled games are more focused on creating value and enhancing the user’s understanding of the utility and value of in-game purchases, regular gameplay, or items obtained through promotions. When players buy an item in a conventional video game, for example, the only benefit is that the item makes the game better. In contrast, the purchased item becomes transferable in cross-platform NFT (non-fungible token) video games and can be exchanged for money, other items or benefits. NFT games allow players to exchange their winnings for cryptocurrencies or move them to another game.

Get an inside scoop on NFT Game Market @

NFT Game Market Key Players

Below are the most prominent players in the NFT gaming industry.

• Axie Infinity (Philippines)
• Gods Unchained (USA)
• Splinterlands (USA)
• The Sandbox (Hong Kong)
• Alien Worlds (Switzerland)
• Battle Racers (USA)
• Sorare (France)
• Star Atlas (USA)
• Illuvium (Australia)
• NFT Champions (USA)

NFT games Market key business segments

By product type

• Casual games
• Short NFT game
• Battle royale
• Auto Battler NFT

By end-use application

NFT gaming market regional analysis

• North American [United States, Canada]
• South American [Brazil, Argentina, Chile, Colombia]
• Europe [Germany, UK, France, Switzerland, the Nordics, Benelux, Spain, Italy]
• Southeast Asia
• APAC Asia [China, Japan, India, Australia, Others]
• MEA [South Africa, Egypt, Turkey, Saudi Arabia, UAE, Israel, Nigeria, Other]

North America held the largest NFT gaming market share in 2023. The US, on the other hand, stood as the second largest NFT gaming market due to the presence of key companies in the region and high technological advancement.

• North America is projected to lead the NFT gaming market. The US would contribute the most in this region.
• Europe is a shining marketplace in the NFT Game Market during the forecast year 2023-2029. UK, Germany and France to have maximum market share.
• The NFT Game market study also provides an overview of countries in Southeast Asia (ASEAN). It is expected to see the fastest growing territory in the NFT gaming industry.
• The rest of the major Asian economies considered in the study are China, Japan, India and Australia.
• The central and South American market is experiencing investors’ attention. Brazil, Mexico and Argentina are considered as the “Red Hot” market in the NFT Game Market.
• The Middle East region is estimated to have explosive growth in the NFT gaming market. Mainly dominated by the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA) and Turkey.
• Africa: This region is steadily gaining ground. South Africa would play a major role followed by Nigeria.

Buy NFT Game Market Latest Report Edition @

Market growth drivers

• The global games business is still structured in a way that heavily favors game creators and maintains a one-way flow of value, where players pay to access game content and game adaptations, even as it continues to grow in all regions.
• Decentralized apps (dApps), many of which are blockchain-enabled games, focus more on providing value to players. Through a paradigm shift brought about by this dynamic, players can now better understand the value and utility of assets they have acquired through in-game purchases, regular gameplay, or marketing campaigns.
• When a player purchases an armor upgrade in a conventional game, for example, the only benefit is better gameplay within the confines of that specific game.

Possibility

• Global demand for digital art is one of the main drivers driving the expansion of the non-fungible tokens (NFT) sector. It is also expected that increasing Bitcoin adoption will spur market expansion. It is also expected that increasing Bitcoin adoption will spur market expansion.
• The processing of NFTs through Security Token Offerings (STO) helps the firm comply with US securities laws and regulations. It is expected that businesses creating NFTs will register with US securities regulators.
• For example, Dapper Labs, the company behind NBA Top Shot NFTs, was accused of marketing NFTs as unregistered securities and was subsequently sued. A blockchain-based marketplace for digital collectibles called NBA Top Shot allows users to buy, sell and trade NBA video highlights.
• NBA Top Shot moments, according to the papers filed with the Supreme Court, are securities because their value increases as a project succeeds.

Limitations

• The video game market is hampered by several NFT game rules, game piracy and lack of monetization. Just because a digital good has an NFT does not mean it is automatically controlled.
• A digital object can be compared to a work of art. Videos and GIFs can both be posted to a variety of sites and copied and pasted countless times. The digital file is vulnerable to alteration and theft using any trick in the book.
• Despite the security of NFT technology, many exchanges and websites are vulnerable to hacks. NFTs have been reported stolen in many cyber attacks.
• although we attach economic gains and losses to NFTs, tokens themselves do not have economic value. They bear no resemblance to any of the more commonly used financial instruments, such as stocks, bonds, securities, real estate or even cryptocurrencies.

Major development in the NFT gaming market

Report highlights

Do you have a question? Promote a pre-purchase inquiry @

Frequently Asked Questions

Q1: What is the current market size of the NFT gaming market?

A: According to a report by Market.us, the NFT gaming market was valued at USD 1.6 billion in 2022 and is expected to reach USD 5.1 billion by 2032, growing at a CAGR of 32.5% during the forecast period.

Question 2: Name the main players in the NFT gaming market.

A: Some of the key players in the NFT Game Market include Axie Infinity (Philippines), Gods Unchained, Splinterlands (US), The Sandbox (Hong Kong), Alien Worlds, Battle Racers (US), Sorare (France), Star Atlas (US) , Illuvium (Australia), NFT Champions (USA).

Contact Us:

Craig Francis (PR and Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Telephone: +1 434 322 0091
[email protected]

The content is published via 11press. for more information please contact [email protected]

HTF Market Report

HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited that offers next-generation services for organizations with a deep focus on market intelligence, data analytics and social intelligence, all uniquely delivered under one roof by skilled professionals. By combining and analyzing, you get clear and most relevant data that will help with better decision-making. We provide your requirements with speed and cost advantages worldwide, and we are able to achieve a more nuanced and comprehensive understanding of the market with the speed of delivery and price advantage that today’s business climate demands.

More posts by HTF Market Report