The blockchain gaming market is predicted to increase at a compound annual growth rate of more than 66% from 2023 to 2032, from its estimated $4.9 billion in 2022 to $818.5 billion by the end of 2032. The growing popularity of cryptocurrency and blockchain technology is driving growth in the blockchain gaming business.
Blockchain technology is used by the blockchain gaming industry to create safe, decentralized gaming environments. Because of the widespread use of smartphones and other emerging technologies, there is an increasing need for blockchain technology and decentralized gaming. Users of blockchain gaming have complete control over their in-game property.
Splinterlands and Alien Worlds are two of the best-performing titles from the first quarter of 2023, according to Dapprader data. The study also shows that funding for the blockchain and gaming industries has increased by more than 12.59%. The Web2 gaming sector is actively pursuing the use of blockchain technology due to its improved security characteristics.
Compared to the fourth quarter of 2023, the first quarter of 2023 saw a favourable growth indication for the decentralized gaming sector, with blockchain gaming's market domination rising from 42.87% to 45.60%.
In the first quarter of 2023, dozens of blockchain gaming firms raised capital. Mythical Games has completed a $20 million investment round, with blockchain investor Scytale Digital leading the way.
TinyTap, one of the auxiliaries of Animoca brands, has as of late finished its subsidizing round and effectively got $8.5 million from Sequoia Capital, Kingsway Capital, Shima Capital, Freedom City Adventures, and another financial backer. The auxiliary of Animoca Brand has coordinated nine financing adjustments and has gotten $17.6 million, and its latest subsidizing was finished on April 25, 2023.
.webp)
.webp)
0 Comments