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Market Overview
Gaming has become the world's largest media category, ahead of television, on-demand entertainment, film and other media formats. According to BITKRAFT Ventures, the gaming industry is currently valued at USD 336 billion. By 2028, the global gaming market is predicted to reach USD 545.98 billion (Fortune Business Insights).
The Cryptocurrency market could exceed USD 3.4 trillion by 2030, up from USD 1.9 trillion in 2021, with a compound annual growth rate (CAGR) of approximately 30% between 2021 to 2031(Fortune Business Insights).
At the end of 2021, almost 50% of active crypto wallets connected to decentralised applications were related to gaming (DappRadar/BusinessWorld), outstripping wallets designated for decentralised finance (DeFi) purposes. This uplift corresponds to the increase of 5000% in investment into blockchain gaming last year compared to just $80 million in 2020. (DappRadar's Dapp Industry Report 2021).
The play-to-earn token market by capitalisation is estimated at USD 18.3 billion (CoinMarketCap 02/02/22).
Last modified 7mo ago