Blockchain Gaming Market Projected to Reach $614 Billion by 2030

A thorough research by Fortune Business Insights projects that the worldwide blockchain gaming business will expand dramatically, reaching an estimated $614 billion by 2030. This increase is explained by both the blockchain industry’s regional development and the changing sorts of games available.

A strong compound annual growth rate of 21.8% is revealed by the investigation, which examines sales data from 2017 to 2021. An astounding absolute growth rate of around 299% is projected throughout the course of the six-year timeframe. North America appears as a significant driver, accounting for over $24% of the market share in 2022 with a contribution of over $30 billion. According to projections, the area will continue to dominate the market for buying blockchain gaming items.

Role-Playing Games (RPGs) Lead the Way

Role-playing games (RPGs) take the lead in the blockchain gaming business in terms of fastest-growing categories. Their inclusion of unique characters, themed aspects, extra weaponry, accessories, and other characteristics that work well with blockchain technology is what makes them so popular. RPGs held more than 33% of the market share in 2022.

Although the majority of games on the blockchain are still web-based, there has been a noticeable trend in favor of Android-based games, suggesting that player tastes are becoming more diverse.

Leading the way in innovative ways to improve user experience are companies such as Immutable. To make purchasing easier within their ecosystem, Immutable notably launched Transak on December 11. But a new CoinGecko analysis emphasizes the danger and volatility that are inherent in the blockchain gaming industry, showing that more than 75% of blockchain games that were released between 2018 and 2023 had difficulties or failed.

These patterns highlight the dynamic character of the sector, offering players both possibilities and difficulties as the blockchain gaming market continues to develop.