The Blockchain Gaming Market is expected to rise at a CAGR of 67.40% during 2023-2028

According to IMARC Group’s latest research report, titled “Blockchain Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028“, the global the size of the blockchain gaming market reached $4.6 billion in 2022. Looking ahead, IMARC Group expects the market to reach USD 117.5 billion by 2028which shows a growth rate (CAGR) of 67.40% during 2023-2028.

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Blockchain Gaming Market Outlook:

Blockchain gaming is a video game that uses blockchain technology as its underlying infrastructure. Players can buy, sell, and trade in-game items and assets using cryptocurrency in these games. Blockchain technology provides a transparent and secure transaction environment, ensuring that all trades and ownership transfers are recorded in an unalterable public ledger. One of the main advantages of blockchain gaming is that it allows players to truly own their in-game assets, as they can transfer them outside of the game to other players or even sell them for real money. Blockchain games also allow developers to create new business models, such as charging players for access to game content or offering rewards for participating in the game ecosystem.

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Blockchain Gaming Market Trends:

The global market is mainly driven by the growing popularity of blockchain technology. In line with this, blockchain games have the potential to revolutionize the gaming industry, which in turn increases demand. Furthermore, the growing popularity of e-sports contributes significantly to the market. Apart from this, the heavy investment by the market players in blockchain gaming is positively impacting the market. Moreover, the changing preference from traditional to blockchain-based games is catalyzing the market. Also, the escalating internet access and smartphone usage is driving the market. In addition, rapid technological advances, such as virtual reality, artificial intelligence and augmented reality, provide many opportunities for market expansion.

Key Market Segmentation:

Competitive landscape with key players:

• Animoca Brands Corporation Limited
• Dapper Labs Inc.
• Double jump.tokyo Inc.
• Illuvium
• Immutable Pty Ltd
• Mythical Inc
• Cloud Mavis
• Uplandme Inc
• WeMade Co. Ltd.

Game Type Insights:

• Role play
• Open World Games
• Collectable game

Platform Insights:

Breakdown by region:

• North America (USA, Canada)
• Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
• Europe (Germany, France, UK, Italy, Spain, others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023–2028)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape

About us:

IMARC Group is a leading market research company providing management strategy and market research worldwide. We work with clients across all sectors and regions to identify their most valuable opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major market, scientific, financial, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the top of the company’s expertise.

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