Despite a turbulent year for the crypto market, blockchain games are predicted to be a big boom in the coming years
The global blockchain gaming market is expected to grow from 4.6 billion in 2022 to 65.7 billion by 2027, according to a new report by. market and market.
This growth trajectory is expected to boom with increasing funding for blockchain games. BNB chainIt is projected to grow at the highest CAGR (Compound Annual Growth Rate) during the forecast period as a result of the merger of Binance Chain and Binance Smart Chain. Binance can support blockchain projects through tools that help integrate smart contracts and dapps with cheap and efficient DeFi transactions.
Asia Pacific is set to account for the largest market size during the forecast period. The region, current developers, and upcoming creatives are making the region one of the key markets for blockchain games. There are approximately 3 billion gamers worldwide, and Asia Pacific accounts for almost half of them. A dominant portion of the market also stems from the highly competitive Asian esports market, which is projected to see continued growth in the coming years.
move the industry
Adoption of the Web3 project involved a number of key stakeholders, including: Animoka brandthe creators behind the popular Metaverse titles, sandbox. sky mavis laying the foundation Axie Infinity game. Immutable X continues to partner with the Web3 project, and Wemade continues to expand its GameFi project for the growth of the WeMix ecosystem.
The crypto industry has had a difficult year in 2022, with NFT sales dropping and crashes like FTX eroding confidence in the industry. However, Web3’s gaming space continues to see new and upcoming projects with their sights set on the next iteration of the game. It will either be a metaverse world where users can meet and explore the vast world together, or it will be a title that can be earned by playing, with time and achievement granting the ability to earn real ownership rewards or wallet crypto .