[NEW] Global blockchain game market size estimated to grow to approximately 90 trillion yen by 2030

On the 11th, US research company Fortune Business Insights released a report stating that the global blockchain gaming market is expected to grow from approximately $154.5 billion (approximately 22.5 trillion yen) in 2023 to approximately $615 billion (approximately 89.67 trillion yen) in 2030.

Blockchain games are packed with many elements that utilize blockchain, such as NFTs and crypto assets (virtual currencies). Players can earn revenue by buying, selling, and trading in-game assets through the game.

The report emphasizes that blockchain has revolutionized the gaming industry, enabling safe and transparent transactions, innovative gameplay mechanics, and new ways to play games.

As an example, the report cites "CryptoKitties," released in 2017. CryptoKitties allows players to increase their assets by breeding and selling the kitties (cats) they have raised.

The report points out that these blockchain games provide incentives related to the real economy and are becoming a source of income for game players. The report also mentions that changes are coming to the gaming industry, with many developers incorporating elements introduced in blockchain games into their games.

Law enforcement agencies in various countries are currently strengthening their efforts in regulating crypto assets. Some in the industry have pointed out that regulations will slow the growth of the crypto asset field, but the report points out that the development of blockchain games may advance the regulatory framework.

RPGs are cited as a category that has the potential to become popular in the future. RPGs have elements such as characters, weapons, and accessories, which are suitable for NFTs. By integrating blockchain into RPGs, users can not only hold items and characters as digital assets, but also generate them as original items, providing a special gaming experience.

Trends in the Web 3.0 market in each country

This report classifies the Web 3.0 market into five major regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

According to Fortune, North America boasts the largest share of the blockchain gaming market. 50% of blockchain game players in the US own crypto assets, and 80% are interested in using crypto assets for in-game transactions.

It also said that one of the factors is that various US game companies are integrating blockchain into games that function as digital art marketplaces.

Regarding Europe, it points out that it is a region that is expected to grow significantly in the future due to active investments from governments and high-tech companies.

In addition, the Asia-Pacific region is seeing active activity, with a large number of game players and developers in China, Japan, and South Korea, as well as major game companies entering the Web 3.0 field and making large investments.

In the Middle East and South America, it notes that the growth of the blockchain gaming market is being driven by strengthened Web 3.0 development and investment. It also points out that the number of mobile game players is increasing due to the spread of smartphones.

Reference: Report
Image: Shutterstock

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