Worldwide Blockchain Gaming Market Size/Share Cap Predicted to Reach USD 1,020.02 Billion By 2032, at 68.9% CAGR Growth: Polaris Market Research

[115+ Pages Research Study] According to Polaris Market Research, the global blockchain gaming market Size & share was valued at USD 5.41 Billion in 2022 and is predicted to increase at a CAGR of 68.9%, to reach USD 1,020.02 Billion by 2032. Rising investments are anticipated to accelerate market expansion. A growing number of game companies and developers are working with blockchain platforms as blockchain technology continues transforming the gaming industry. Some of the key players covered are Sky Mavis, Mythical Games, Dapper Labs, Open Sea, Voxie Tactics, Rokosoft, Gamestation, Pocket Arena, Planet Sandbox, Splinterlands, Animoca Brands and others. New York, NY, March 09, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled "Blockchain Gaming Market Share, Size, Trends, Industry Analysis Report, By Game Type (Collectible Games, Role Playing Games, Open World Games); By Platform; By Region; Segment Forecast, 2023 - 2032" in its research database. "According to the latest research study, the global blockchain gaming market size & share is anticipated to be valued at approximately USD 5.41 Billion in 2022 and is projected to hit a revenue of around USD 1,020.02 Billion By 2032, at a CAGR of around 68.9% between 2023 and 2032." What is Blockchain in Gaming? How Big is Blockchain in Gaming Market? Blockchain is a decentralized collection of data chunks controlled by a large computer network. These data units are connected by means of encryption. They can record information with the aid of cryptography. It has produced a brand-new gaming experience for both gamers and businesses who utilize NFTs and cryptocurrencies to buy in-game assets that could be exchanged for cryptocurrency and real-life money. Blockchain offers enhanced security, protecting sensitive information, such as preventing tampering with or hacking user transactions, game data, and player information. Blockchain seems to have a promising future in the gaming sector. Web3 gaming will transform the game industry by giving users control over their gaming assets and the ability to make decisions. The increase in investments in blockchain games is anticipated to drive market growth. Several game companies and developers make collaborations with blockchain platforms as blockchain technology transforms the gaming industry. Such collaborations are expected to accelerate the blockchain gaming market size. Request Sample Copy of Blockchain Gaming Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/blockchain-gaming-market/request-for-sample (The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.) For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/blockchain-gaming-market/request-for-sample Blockchain-based games are popular because they are simple to access online and on mobile devices, which is propelling the growth of the market. The rising shift from traditional games to blockchain-based games is expected to enhance the blockchain gaming market demand. Unlike traditional games, blockchain enables players to use in-game digital assets. Thus, decentralized gaming is becoming more popular with players, accelerating market expansion. Several bitcoin gaming ventures offer rewards and in-game goods that players can access. With blockchain games, there are various real-world methods for players to profit. The Play-To-Earn (P2E) model is an example of this approach. Request for a Discount on this Report Before Purchase @ https://www.polarismarketresearch.com/industry-analysis/blockchain-gaming-market/request-for-discount-pricing Recent Trends Influencing the Market A surge in initiatives to promote technology adoption is likely to flourish the industry expansion Segmental Analysis By game type blockchain gaming market segmentation, the role-playing game category is likely to register the fastest growth over the forecast period. In role-playing games (RPGs), participants adopt the identity of a fictional character who develops in a made-up world. Similar to an actor in a video game, a player in a role-playing game takes on the character of the character they are controlling. Also, in this game type, players can earn Ethereum currency to be rewarded for their achievements, such as for completing tasks, figuring out puzzles, and winning events. In terms of platform, the ETH category is predicted to register the major blockchain gaming market share in 2022. The ETH platform is used by game creators because it reduces security risks and enables companies to confirm that the money and data of their customers are secure. CryptoKitties was the first blockchain game built on the Ethereum network. Players can make, sell, and buy NFTs using Ethereum in the game. Further, Axie Infinity, Gods Unchained, Decentraland, The Sandbox, and CryptoKitties are some additional well-known games that use the ETH blockchain platform. Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/blockchain-gaming-market/inquire-before-buying (Inquire a report quote OR available discount offers to the sales team before purchase.) On the basis of geography, the blockchain gaming market in the Asia Pacific is projected to generate significant growth and market share in 2022. The rising number of new gamers and investments from various global market players fuel the market growth in the region. In November 2021, The Asia Blockchain Gaming Alliance was formed to encourage blockchain gaming in Asia. ABGA boosted the development of the industry's ecosystem. Moreover, the favorable government blockchain policies contribute to the blockchain gaming business in the Asia Pacific, fostering industry expansion. For example, Japan is introducing blockchain-friendly regulations. For cryptocurrency custody providers, the Japan Cryptocurrency Industry Association has released new rules. Browse the Detail Report "Blockchain Gaming Market Share, Size, Trends, Industry Analysis Report, By Game Type (Collectible Games, Role Playing Games, Open World Games); By Platform; By Region; Segment Forecast, 2023 - 2032" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/blockchain-gaming-market For Additional Information OR Media Enquiry, Please Mail At: sales@polarismarketresearch.com Polaris Market Research has segmented the blockchain gaming market report based on game type, platform, and region: Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. 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