🔬🔬Explore the world of on-chain gaming with us on our latest Crypto.com Research report, in collaboration with AB InBev. This report provides a comprehensive review of the blockchain gaming industry, the state of the gaming market, current challenges and opportunities, and what lies ahead for on-chain games. Check out Exploring the Future: Blockchain Gaming Trends and Opportunities
💡Our key findings include:
✅ The global gaming market in 2023 estimates total revenues will reach $187.7 billion and is expected to have a CAGR of +4.2% into 2026.
✅ For blockchain gaming, the market size is valued at over $3 billion in 2023 and is projected to grow to between $65 to $90 billion by 2030.
✅ While on-chain games adopt monetisation models similar to traditional games, hybrid models are also emerging. In terms of genre, P2E games dominate the market.
✅ Blockchain gaming was the most popular category with the highest percentage of UAW (35%) and accounts for about a third of industry on-chain activity as of Nov 2023.
✅ Blockchain games can be categorised based on their ‘on-chainess’, wherein fully on-chain games have all logic and state exist on-chain. They offer multitudes of benefits but also face obstacles related to onboarding, gameplay, technology, multi-accounting, and sustainability of business models.
✅ Blockchain gaming is undergoing a shift from play-to-earn (P2E) to play-to-own (P2O) model. An example of a P2O game is ‘Loaded Lions: Mane City’. It is Crypto.com’s first foray into blockchain gaming, featuring a tycoon-style idle game which allows players to build businesses and accumulate wealth.
✅ Gaming is one of the main growth drivers for the crypto industry, projected to exceed $65 billion in capitalisation by 2027. With continuous, significant investments in the sector, a growing player base and increased activity, and a robust blockchain development landscape, the blockchain gaming industry is poised for future growth.
Check out the complete report: