Dublin, December 26, 2022 (GLOBE NEWSWIRE) -- The “Blockchain Gaming Market by Game Type (RPGs, Open World Games, Collectible Games), Platforms (ETH, BNB Chain, Polygon) and Region (North America, Europe, Asia Pacific, Rest of World) – Global Forecast for 2027" report has been added to researchandmarkets.com offering.
The global blockchain gaming market is anticipated to grow from $4.6 billion in 2022 to $65.7 billion in 2027 at a compound annual growth rate (CAGR) of 70.3% during the forecast period. One of the factors driving the growth of the market is the increase in funding for blockchain gaming.
By game type, RPGs account for the largest market share during the forecast period
The P2E gaming model works with blockchain, crypto and NFT to transform the traditional concept of free winnings into P2E. Role-playing games (RPGs) are actively played all over the world, and these games have always been a hot genre in the industry. In these games, players directly control the characters as they engage in real-time combat, and players can earn NFTs and crypto rewards while playing these games. RPGs have a variety of subgenres, such as action-oriented RPGs and turn-based RPGs. RPGs allow users to enjoy unique gaming experiences with in-game weapons, avatars, and abilities.
Unlike traditional games, RPGs are embedded with in-game assets such as NFTs, skins, weapons, and others. The different sub-genres of RPGs such as action, multiplayer, and others make them very popular among the masses. In a role-playing game, players assume the roles of characters in a fictional setting.
It is the responsibility of the players to play these roles within a narrative. It can be through literal acting or through a structured decision-making process regarding character development. In these games, players need to acquire more and better weapons or similar items to upgrade their character, which is why blockchain RPGs are strongly connected with NFTs. Axie Infinity, Binemon, Blankos Block Party, My Crypto Heroes, and Lost Relics are some of the famous blockchain-based RPGs.
By platform, BNB Chain will grow at the highest CAGR during the forecast period
According to Binance, BNB Chain dominated the blockchain gaming sector with a 36.6% market share, meaning it has the most games created on the chain. The blockchain gaming space is growing at an alarming rate. The UAW average daily transactions on the BNB chain shot up 8% month-over-month to over 92,000 as of August 2022. Such trends have seen the BNB Chain gain rapid traction in the market, and this platform is expected to blockchain to grow at maximum CAGR during the forecast period.
BNB Chain has been collaborating with many companies to increase its presence in the market. For example, in September 2022, BNB Chain collaborated with Google Cloud. This collaboration will help accelerate early-stage Web3 and blockchain startups to create and scale high-performance, effective, and sustainable innovations. These initiatives to boost Web3 and blockchain startups could help the blockchain gaming market.
| report attribute | Details |
| No. of pages | 156 |
| forecast period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $4.6 billion |
| Expected Market Value (USD) by 2027 | $65.7 billion |
| compound annual growth rate | 70.3% |
| Regions covered | Global |
Market dynamics
drivers
- Benefits of Blockchain technology
- Increased Investments and Funding in Blockchain Gaming
- Switching from traditional games to blockchain-based games
restrictions
- Initial Investments and Complexity Associated with Playing Blockchain Games
- Hacks and financial losses
- Regulatory challenges
Opportunities
- NFT and Play-To-Earn Model Trends
- Unique Active Wallet Trends
challenges
- Limited knowledge of Blockchain and NFT technologies
Key topics covered:
1. Introduction
2 Research Methodology
3 Executive summary
4 Premium Perspectives
5 Market Overview and Industry Trends
6 Blockchain Gaming Market, By Architecture
6.1 Introduction
6.2 Decentralized monolithic
6.3 Decentralized Layered Architecture
6.4 Hybrid architecture
7 Blockchain Gaming Market, by Game Type
7.1 Introduction
7.2 Role playing
7.3 Open world games
7.4 Collectible games
8 Blockchain Gaming Market, by Platform
8.1 Introduction
8.2 Eth
8.3 BnB Chain
8.4 Polygon
8.5 Other platforms
9 Blockchain Gaming Market, by Region
10 Competitive Landscape
11 company profiles
12 adjacent markets
13 Appendix
Mentioned companies
- games always geeky
- Animoca Brands
- binamon
- Bitcode Labs
- dacoco
- dapper labs
- Decentralized Foundation
- Double Jump.Tokyo
- Figure 33 Wemade: snapshot of the company
- G.Jit Japan
- gala games
- Horizon Blockchain Games
- illuvium
- Immutable
- lucid sight
- mythical games
- Planetary
- popcap games
- rokosoft
- sky mavis
- Sister
- splinterlands
- Highlands
- He was tall
- Xaya
For more information on this report, visit https://www.researchandmarkets.com/r/1brdh
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