Blockchain and gaming: pay attention to those two

27 December 2023


Share on:

In 2023, blockchain gaming recorded investments of 2.3 billion dollars. Those data, provided by DappRadar, a monitoring platform for decentralized apps, shows that $600 million was invested in the blockchain gaming sector in the third quarter of 2023.

Among investments in Q3 2023, $213 million went into the development of games and technologies related to the metaverse, despite some declaring it dead. According to DappRadar, the remainder of the quarter's investments went to gaming infrastructure and Web3 investment firms.

The unstoppable growth in the Blockchain gaming market tells about a well-stocked duo: video games and blockchain technology. Hard data collected by Fortune Business Insights indicates an annual growth of the blockchain gaming market between 2017 and 2021 of 21.8%, confirming not only the current robustness of the sector, but also a constantly rising trend. The outlook for 2030 promises an era of unprecedented innovation in the gaming world.

Where the greatest growth is

Growing interest in non-fungible tokens (NFTs) and the ever-widening adoption of blockchain technology in gaming is driving a wave of growth. Regions such as North America, Europe and the Asia-Pacific, especially China, Japan and South Korea, are set to play a leading role in this development. North America Leads the Blockchain Gaming Field. In 2022, there was generated over $30 billion from industry sales, capturing approximately 24% of the global market share. This dominance seems destined to persist over time, keeping North America as the undisputed leader. Role Playing Games thanks to their immersive worlds and distinctive characters integrate perfectly with blockchain technology, offering innovative opportunities. In 2022, they accounted for more than 33% of the blockchain gaming market's total sales. The conclusion we have to underline is that this growth shows an important way of using blockchain for free time purposes and this means a new revolutions are coming with the web 3 as protagonist.

SOURCES: Cryptonews

Read also ---> Google's Gemini enters the AI market with a completely new model by Ilaria Vanni

No active "ca-sidebar-59" sidebar
Recent Post

Transak and Cometh together for world's first solution for crypto onboarding from fiat to layer

crypto-mining on farms UAE-themetaeconomist

Why UAE decided to ban crypto-mining on farms and agricolture

solar energy and blockchain-themetaeconomist

Solar energy and blockchain to win the ecological challenges

A dive into the future of technological innovations in Milan

Address Poisoning attacks-themetaeconomist

What do you know about Address Poisoning attacks?

ftx refunds customers-themetaeconomist

FTX's collapse, customers to be repaid?

1 2 3 63
TheMetaEconomist 2022 - Privacy / Cookies