The global blockchain gaming market size is expected to reach USD 1,020.02 billion by 2032, according to a new study by Polaris Market Research. The report “Blockchain Gaming Market Share, Size, Trends, Industry Analysis Report, By Game Type (Collectible Games, Role Playing Games, Open World Games); By Platform; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising investments are anticipated to accelerate market expansion. A growing number of game companies and developers are working with blockchain platforms as blockchain technology continues transforming the gaming industry. Blockchain gaming systems have been valued at billions of dollars globally. Most of the world's biggest gaming companies are investing and collaborating with other platforms to provide blockchain gaming infrastructure.
In addition to that, the capacity to win prizes when playing games is driving the market growth. Now that blockchain games are available, and players profit from the time, skill, and effort they put into playing them. In blockchain-based games, players may obtain rewards like money, weapons, avatars, skins, and other stuff while maintaining full ownership of those possessions. Players could be rewarded for their gaming skills, and these products have value outside of the games. The adoption of blockchain gaming is more significant in Asia than in other regions. This is because of the enormous number of potential gamers and investments from various global market players. Also, this region's government blockchain laws benefit the blockchain gaming business driving the market growth.
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Binance Smart Chain and Animoca brands have collaborated to launch a USD 200 million asset program to promote and foster early cryptocurrency gaming firms. The new investment program will fund ideas involving GameFi (decentralized game financing). Blockchain games are getting increasingly well-liked, including those that utilize cryptocurrencies or nonfungible 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 capabilities that blend competitive gaming and blockchain gaming.
Blockchain Gaming Market Report Highlights
Polaris Market Research has segmented the blockchain gaming market report based on game type, platform, and region:
Blockchain Gaming, Game Type Outlook (Revenue, USD Billion, 2019 - 2032)
Blockchain Gaming, Platform Outlook (Revenue, USD Billion, 2019 - 2032)
Blockchain Gaming, Regional Outlook (Revenue - USD Billion, 2019 - 2032)