The Blockchain Gaming Market
Blockchain Games Market Distribution
Geographically, the market is segmented into five major regions; North America, South America, Europe, Middle East and Africa, and Asia Pacific.
North America holds the highest blockchain gaming market share and due to the popularity of NFT among users, it is expected to continue to dominate theDominance. According to a survey by WAX, 50 percent of blockchain gamers in the U.S. own cryptocurrency, while 80 percent of thePlayers are interested in using their cryptocurrencies for in-game transactions. As a result, several U.S. gaming companies are incorporating zonesBlockchain services are integrated into the game as a digital art marketplace. For example:
In October 2022, Horizon Blockchain Games raised $40M in a Series A financing roundThe funds, which were used to develop the product and expand operations, enabled Horizon to develop Sequence, a Web3 platform, and to expand the company's business.in-game all-in-one developer platform and smart wallet), and launched Niftyswap (a semi-homogeneous token (SFT)market).
Europe is expected to grow significantly over the forecast period. This is attributed to the active support and investment by governments and technology giants in the region, theCreate enabling environments for game development and support interactive experiences. Example:
In March 2023, Web3 technology platform Nefta partnered with blockchain game launchpad provider Blok orn.By integrating Nefta's White Label Suite into Block Born's platform, developers can use the tools to open the Develop effective Web3 games.
Due to the large number of gamers and the presence of game developers in China, Japan and South Korea, it is expected that the Asia-Pacific regionIt is expected to maintain the highest CAGR during the forecast period. Due to the popularity of mobile gaming among the new generation and Web2 gamingPlay companies have invested heavily in adopting Web3 components and interest in blockchain technology is growing by the day.Example:
April 2023 Square Enix partners with Elixir, a Web3 platform company, to advance blockchain gamingAdoption of Symbiogenesis (an NFT-focused game) and allowing more Web3 games to hit the shelves.
The growth of the blockchain gaming market in the Middle East and South America is mainly driven by the growth of the gaming industry, Web3 development, and regional investment.This is driven by the strengthening of financial resources. In addition, as smartphone penetration continues to rise, the number of people playing mobile games is increasing, helping to accelerate the rate of consumption.
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