The market
Last updated
Last updated
Blockchain games are video games that use blockhain technology, like cryptocurrencies and non-funglible tokens or NFT, allowing gamers to own, buy, sell and trade in-game items that are tokenized as NFT with other users.
They are decentralized (users truly own their assets, not developers),
Blockchain games are basicly monetized by taking a royalty fee from each NFT transaction.
The blockchain based game market is part of the video game market, a segment that is under an explosive market growth:
By game type: collectible games, open word games, role playing games
By device: IOS, Android, Web, others
By platforms: Polygon, BNB Chain, Ethereum, Solana, others
According to DappRadar (), as of Q2 2023, there are 699,956 daily unique active wallets (dUAW) engaged in gaming activity, and investments in blockchain gaming and metaverse projects increased by 31% from Q1 2023 to reach $973 million.
The in-game NFTs market is estimated in $3.64 billion in 2022, and expected to grow into a $15B market by 2027 at a 33,5% CAGR ().
Axie Infinity, developed by Sky Mavis, is the most valuable NFT collectible game, in terms of overall sales volume. As of 24 March 2022, a total of 1,304,117 Ethereum (valued at $4,039,319,819) has been spent on NFTs from this collection. Axie Infinity recorded $4 billion in NFT transactions as of February 2022, accounting for more than two-thirds of the volume within the blockchain gaming space. Their native token, the AXS, is expected to have a minimum value of $41.34 and maximum value of $59.51 by 2030.
The in-game purchases market covers every in-game digital asset sold, both traditional and crypto based (NFT). In-game NFT purchases are unrelentessly increasing their portion of sales:
