North American blockchain gaming market set to reach $600b by 2030

The global blockchain gaming market is expected to grow to $614 billion by 2030, driven by regional growth and evolution of game types.

This forecast, detailed in an exhaustive analysis carried out by Fortune Business Insights, reflects a compound annual growth rate of 21.8%. The report's examination of sales data from 2017 to 2021 highlights this trend and predicts an absolute growth rate over the six-year period of almost 299%.

North America is at the forefront of this expansion, having contributed more than $30 billion in 2022, representing approximately 24% of the total, according to the report. Dominance is not expected to decline, and the region is expected to continue leading the purchase of blockchain gaming items.

Role-playing games (RPGs) are identified as the fastest growing category in the blockchain gaming market. The report highlights their appeal, as special characters, themes, additional weapons, accessories and other features make role-playing games particularly suitable for blockchain integration. By 2022, role-playing games accounted for more than 33% of the market.

Currently, web-based games dominate the blockchain gaming landscape, but the report notes a significant shift towards Android-based games. This trend suggests a diversification in the platforms preferred by players.

To improve the user experience, companies like Immutable are innovating; On December 11, the company added Transak to facilitate purchasing. However, according to a recent study by CoinGecko, more than 75% of blockchain games released between 2018 and 2023 failed, indicating the volatility and risk inherent in this nascent market.

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