The rising trend of decentralized gaming offers opportunities

DUBLIN, March 20, 2023 /PRNewswire/ — The “Blockchain Gaming Market Share, Size, Trends, Industry Analysis Report, By Game Type; By Platform; By Region; Segment Forecast, 2023-2032” report has been added ResearchAndMarkets.com’s Offering.

The global blockchain gaming market size is expected to reach USD 1,020.02 billion by 2032, according to a new study.

The report provides a detailed insight into current market dynamics and provides analyzes of future market growth.

Increasing investments are expected to accelerate market expansion. A growing number of gaming companies and developers are working with blockchain platforms as blockchain technology continues to transform the gaming industry. Blockchain gaming systems have been valued at billions of dollars globally. Most of the world’s largest gaming companies are investing and partnering with other platforms to provide blockchain gaming infrastructure.

In addition to that, the capacity to win prizes while playing games is driving the market growth. Now that blockchain games are available, players earn from the time, skill and effort they put into playing them. In blockchain-based games, players can obtain rewards such as money, weapons, avatars, skins and other items while maintaining full ownership of these assets.

Players can be rewarded for their gaming skills, and these products have value outside of the games. The adoption of blockchain games is more significant in Asia than in other regions. This is due to the huge number of potential players and investments from various global market players. Also, this region’s government blockchain laws benefit the blockchain gaming business driving the market growth.

The brands Binance Smart Chain and Animoca have collaborated to launch a USD 200 million asset program to promote and promote early cryptocurrency gaming companies. The new investment program will fund ideas involving GameFi (decentralized gaming finance).

Blockchain games are increasingly popular, including those that use cryptocurrencies or non-fungible tokens (NFTs). Zilliqa and Dacoco’s Alien Worlds formed a partnership in July 2022. Alien Worlds will integrate with the platform through Zilliqa’s eSports partners to provide new opportunities that blend competitive gaming and blockchain gaming.

Market dynamics

Drivers and opportunities

• Rising trend for decentralized gaming
• Increase investment and funding in blockchain games

Limitations and challenges

• Hacks and financial losses

Highlights of the Blockchain Gaming Market Report

• The role-playing game segment is expected to grow at the fastest CAGR over the forecast period due to earning actual cryptocurrencies and NFTs by playing these games.
• ETH segment sector is expected to have a significant revenue share due to the significant minimization of security issues and allows businesses to verify customer’s money and data securely. In addition to that, most of the most popular games are based on this platform.
• Asia Pacific is expected to witness significant growth over the forecast period owing to the increasing investment in blockchain-based games and the huge player base in the region fueling the market growth. The authorities’ laws in this region also contribute to increasing market growth.

The author has segmented the blockchain games market report based on game type, platform and region:

Blockchain Gaming, Game Type Outlook (Revenue, USD Billion, 2019-2032)

• Collectable game
• Role play
• Open World Games

Blockchain Gaming, Platform Outlook (Revenue, USD Billion, 2019-2032)

• ETH
• BNB chain
• Polygon
• Others

Blockchain Gaming, Regional Outlook (Revenue – USD Billion, 2019 – 2032)

• North America
• US
• Canada
• Europe
• Germany
• Great Britain
• France
• Italy
• Spain
• Russia
• The Netherlands
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America
• Argentina
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa

Key topics covered:

1. Introduction

2. Summary

3. Research methodology

4. Global Blockchain Gaming Market Insights

5. Global Blockchain Games Market, by Game Type

6. Global Blockchain Gaming Market, by Platform

7. Global Blockchain Gaming Market, by Geography

8. Competitive landscape

9. Company Profiles

Companies mentioned

• Cloud Mavis
• Mythical games
• Dapper Labs
• Open sea
• Voxie tactics
• Rokosoft
• Game station
• Pocket Arena
• Planet sandbox
• Splinterlands
• Animoca brands
• We made
• AlwaysGeeky Games
• G. JIT Japan
• Immutable
• Horizon Blockchain Games Planetarium
• Codebit Labs
• Binamon.

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