A recent insights research projects that the NFT-based Web3 gaming ecosystem would generate around $614 billion in revenue by 2030.
According to a Fortune Business Insights analysis, in the next seven years, the blockchain gaming ecosystem is expected to rise by roughly 300 percent from its present valuation of $154 billion.
Through the trading of NFTs, players will be able to generate passive revenue, and sales of in-game assets have increased by 21.8 percent between 2017 and 2021.
“The convergence of blockchain technology and NFTs has led to the evolution of the gaming industry. With the adoption of NFTs in blockchain technologies, gamers can have more ownership and productive making opportunities. This also helps generate economic returns on their time invested in gaming sessions, fueling the growth of the market.”
Fortune Business Insights
At the moment, North America dominates the blockchain gaming sector, but Asia Pacific (APAC) is rapidly catching up. With almost half of the world’s gamers residing in Asia, the APAC area will see the fastest growth for blockchain games.
