USD 7.9 billion
Report ID:
SQMIG45G2002 |
Region:
Global |
Published Date: May, 2025
Pages:
199
|Tables:
90
|Figures:
73
Global Blockchain in Gaming Market size was valued at USD 7.9 billion in 2023 and is poised to grow from USD 13.14 billion in 2024 to USD 768.52 billion by 2032, growing at a CAGR of 66.3% during the forecast period (2025-2032).
The global blockchain in gaming market growth is driven due to increased use, security, and transparency of digital assets of ownership, attracting game developers and players. NFTs introduced a revolutionary way of owning items within a game so that a player can buy, sell, or utilize the items across a platform with real-world worth creation and a participation-intensive ecosystem in the games.
In addition, the increased popularity of play-to-earn (P2E) models is also driving market growth, rewarding gamers financially for playing games. The model is now picking up pace in developing economies, where gaming has been viewed to earn a living. Apart from this, the rise in the number of decentralized gaming platforms and metaverse adoption is also attracting investments from top technology companies and venture capitalists. The demand for more immersive and personalized gaming has brought in a huge push, along with infrastructure advancements in blockchain, into this arena.
How Are AI and Blockchain Gaming Collaborations Shaping the Industry?
Through improved game production, player engagement, and operational effectiveness, artificial intelligence (AI) is transforming the blockchain in gaming market outlook. The collaborative effort between Animoca Brands and KACST (King Abdulaziz City for Science and Technology) to create a Web3 Hub in Saudi Arabia was unveiled in March 2024. It aims to accelerate the creation of Web3 technologies, such as artificial intelligence, in the gaming sector through this partnership. Along with building immersive experience laboratories that demonstrate the latest developments in gaming and digital tech, the initiative targets collaborative research in areas like blockchain, artificial intelligence, and the metaverse.
Market snapshot - 2025-2032
Global Market Size
USD 7.9 billion
Largest Segment
ETH
Fastest Growth
BNB Chain
Growth Rate
66.3% CAGR
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The global blockchain in gaming market is segmented into game type, platform, technology, and region. By game type, the market is classified into role playing games, open world games, and collectible games. Depending on platform, it is divided into ETH, BNB chain, and polygon. According to technology, the market is categorized into web-based, android, and IoS. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
As per the 2024 global blockchain in gaming market analysis, the role-playing games category is in the lead with 33.8% of the market share, since blockchain technologies enhance gameplay and user ownership by virtue of their unique features. Users in blockchain-based RPGs can create, manufacture, and trade unique characters, commodities, and other assets since NFTs bind such digital assets from resale outside the in-game context. One can see the trend already in some of the games, such as "The Six Dragons," where it provides huge, open worlds where everything in the game-all of the items, character development-is all tied up to the blockchain. This contributes to the security and legitimacy of playing, while new economic opportunities for players are also created. With blockchain integration, RPGs can offer far more interactive and dynamic experiences between the game and the world. This in turn is aiding in the growth of the blockchain gaming industry.
However, the open world games category is anticipated to have the highest blockchain in gaming market share when players increasingly search for interesting and complete gaming experience made possible through blockchain. Open World Games give complete environments and player-created narratives, raising interaction and user involvement. This demand for exploration and variable gameplay is driving faster adoption of Open World Games over more niche Collectible Games.
Based on the 2024 global blockchain in gaming market forecast, the ETH is the dominant segment with 32.05% market share, which serves as a basis for most games and decentralized applications. It is the largest smart contract platform where developers can create complex in-game economies, build tokenized assets and manage them. These assets, known as Non-Fungible Tokens, enable players to own, sell, and trade unique digital assets, which adds the most genuine feeling of ownership and worth in the real world to games.
Axie Infinity and other mainstream blockchain games use the Ethereum blockchain to enable, verify, and make payments in order to provide openness, safety, and trust among players. Early scalability issues resulted in high gas costs and slow transaction times on the user interface side. Ethereum 2.0, as well as Layer 2 solutions like Polygon and Optimism, is addressing those by facilitating faster and cheaper transactions. They do reduce latency and fees and overall improve the game experience and thus make blockchain games more appealing and accessible to more users.
BNB Chain is predicted to grow faster since it has strong backing from Binance, which provides robust financial and technical backing. Its fast transaction speed and low fees make it highly sought after by blockchain game developers and players. Additionally, BNB Chain's increasing ecosystem and strategic partnerships are driving increased adoption and reinforcing its position in the blockchain in gaming sector.
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As per the 2024 blockchain in gaming market regional forecast, with high investment and adoption, North America possesses a majority market share. With the inclusion of NFT collectibles in big titles in 2024, Ubisoft grew blockchain activities and enhanced user possession. The United States takes the lead with innovative start-ups and stable regulation favoring expansion. Through companies such as Dapper Labs, which merge blockchain technology with mainstream popular culture and lead the development of play-to-earn models, Canada's blockchain in gaming industry flourishes and drives market growth.
With continuously increasing investments, the United States is a hotbed of blockchain in gaming innovation. To bring blockchain and NFT into mainstream games, Animoca Brands collaborated with top gaming firms in 2025. Metaverse and play-to-earn platforms are increasingly becoming trendy, which enhances customer interaction and increases revenue. The market is sustained by investment interest as well as benevolent rules, making America one of the biggest players in defining blockchain gaming usage worldwide.
Canada's blockchain in gaming industry is expanding fast due to government support and technological expertise. NBA Top Shot NFTs, where blockchain technology was combined with sports memorabilia, was further developed by Dapper Labs in 2024. To enhance immersive gaming, Canadian application programmers are using AR/VR increasingly with blockchain. Startups seeking to take advantage of the growing blockchain gaming phenomenon are attracted to Canada's innovation-friendly ecosystem and regulatory backing.
The Asia-Pacific blockchain in gaming sector is growing at the highest rate, with a compound annual growth rate (CAGR) of more than 12% through 2032. Adoption is driven by the high mobile penetration levels in South Korea and Japan and pro-blockchain regulations in these countries. In 2024, Netmarble launched NFT games featuring play-to-earn features, which gained tremendous popularity soon. Asia-Pacific is a hotbed for blockchain gaming due to the high percentage of young, technology-oriented individuals in the region, which generates interest in digital assets and decentralized gaming.
With government investment and technology-literate consumers, South Korea is spearheading blockchain gaming in Asia-Pacific. In 2024, Netmarble dominated the local and international markets by launching blockchain games that utilized NFTs and play-to-earn. Blockchain innovation projects from the Korean government drive investment and infrastructure. It is a crucial component of blockchain-based gaming due to these points along with Korean gaming culture.
Japan amalgamates the brilliance of traditional gaming with blockchain technology. Blockchain RPGs using NFT assets, such as Double Jump's, can either encounter regulatory hurdles or not. Tokyo will witness an increase in adoption in 2025. As interest in applying blockchain for digital assets' ownership and in-game monetization increases to further boost the nation's blockchain gaming presence, Japan's robust gaming culture supports secure and customer-centric blockchain use cases.
The European blockchain in gaming market is expanding slowly, with emphasis on data privacy and ethical blockchain usage. Several forward-thinking companies are headquartered in countries such as the UK, France, and Germany. Interoperability and secure asset ownership are encouraged through blockchain gaming incubators and events. The region is ready for future development in decentralized gaming and NFT integration by balancing technological adoption and the law.
With Enjin broadening possibilities on platforms for NFT assets as well as inter-game interaction, the UK blockchain in gaming market witnessed tremendous development in 2024. Blockchain investment and innovation are fostered by the pro-fintech laws of the UK government. This attracts more creators to utilize blockchain, fostering decentralized and play-to-earn economies of games and making the UK a leading European hub for blockchain gaming innovation.
Blockchain in gaming, France is a leading player, particularly since to companies such as Sorare, which extended its fantasy football NFT platform in 2025. By merging virtual trade cards with blockchain valuables, the site transforms sports gaming. France is a top hub for blockchain gaming innovation due to its innovative blockchain applications and eSport incorporation, generating interest and investment from around the globe.
Germany strongly focuses on safe blockchain gaming solutions where compliance and data security take precedence. Berlin startups introduced AR-based blockchain games in 2024, merging interactive gaming with NFT ownership. Germany's strict regulations spur ethical innovation in digital rights management and in-game purchases. This makes Germany a leader in privacy-conscious blockchain gaming innovation and aids in ongoing development in the use of blockchain gaming with consumer protection.
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Increasing Use of Tokenization and NFTs
Expansion of Play-to-Earn (P2E) Model
High Scalability and Transaction Costs Bottlenecks
Regulatory Challenges and Legal Ambiguity
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Both mature gaming and blockchain companies and creative start-ups comprise the competitive landscape of the blockchain in gaming industry. Top players are keen to create NFT markets, implement AI and metaverse technology, and create strategic partnerships. To enhance user experience, most of them are heavily investing in scaling solutions such as Layer 2 and sidechains. Increased rates of adoption are a consequence of influencer partnerships and influencer strategies for marketing targeting emerging nations. Maintaining competitive advantage involves perpetual innovation in economic systems and gaming.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the use of NFTs, play-to-earn economics, and growing interest in metaverse adoption are all set to catalyze major growth in the blockchain gaming segment. By creating tangible ownership and economic motivation, these technologies are redefining how gamers engage with games. However, there still remain numerous challenges to address, such as high transaction fees, scalability issues, and regulatory issues. For enhanced accessibility and user experience, the market leaders are solving problems through technological innovation and key blockchain in gaming market strategies. The industry is poised to grow exponentially as regulatory environments and blockchain technology level up, inviting more investors and viewers and reshaping the future of digital gaming.
Report Metric | Details |
---|---|
Market size value in Gaming | USD 7.9 billion |
Market size value in 2032 | USD 768.52 billion |
Growth Rate | 66.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Blockchain in Gaming Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blockchain in Gaming Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blockchain in Gaming Market:
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Global Blockchain in Gaming Market size was valued at USD 7.83 Billion in 2023 and is poised to grow from USD 13.33 Billion in 2024 to USD 943.85 Billion by 2032, growing at a CAGR of 70.30% in the forecast period (2025-2032).
Both mature gaming and blockchain companies and creative start-ups comprise the competitive landscape of the blockchain in gaming industry. Top players are keen to create NFT markets, implement AI and metaverse technology, and create strategic partnerships. To enhance user experience, most of them are heavily investing in scaling solutions such as Layer 2 and sidechains. Increased rates of adoption are a consequence of influencer partnerships and influencer strategies for marketing targeting emerging nations. Maintaining competitive advantage involves perpetual innovation in economic systems and gaming. 'Sky Mavis (Vietnam, founded 2019): The Vietnamese blockchain gaming company Sky Mavis is popularly known for transforming the play-to-earn business model. It became a popular brand with the game Axie Infinity, which combines gameplay and cryptocurrency rewards. creator of the most popular play-to-earn blockchain game, Axie Infinity. Gamers earn cryptocurrencies (SLP & AXS) through games and NFT trading through a new model created by Sky Mavis. Following a significant attack in 2024, they invested in security infrastructure and hardened the Ronin blockchain in an attempt to regain customer confidence.', 'Sorare (France, founded 2018): With its fantasy leagues that use NFTs, French blockchain company Sorare has transformed digital sports betting. Its groundbreaking platform provides fans with ownership experiences through the combination of blockchain collectibles and real-world sport. combines blockchain collectible cards and fantasy football. In 2025, Sorare launched in the NBA and MLB digital collectibles space by providing fans NFT-based ownership and real-time gameplay integration. had more than 300 sports teams across the globe as clients and raised a considerable amount of capital.', 'Animoca Brands', 'Dapper Labs', 'Enjin', 'Ultra', 'Mythical Games', 'Immutable', 'Gala Games', 'Horizon Blockchain Games', 'Forte', 'Sky Mavis (Axie Infinity)', 'Sorare', 'The Sandbox', 'Ubisoft (Quartz platform)', 'Decentraland', 'WAX Blockchain'
The introduction of Non-Fungible Tokens (NFTs) has transformed gaming digital asset ownership to enable users to effectively own, trade, and benefit from game property. Both players and producers are attracted by the new value proposition, creating a buoyant market for digital collectibles. By providing players with real monetary rewards and active participation, the increased adoption of NFTs on gaming platforms inspires follow-up investment and speeds up industry growth.
Various Decentralized Platforms: The increasing focus among big players towards shifting control from centralized authorities to players and creators is itself a big growth driver. Gala Games and Enjin are some of the following platforms that support developer tools for constructing blockchain economies in games. In March 2024, Mirror World, a top web3 application development platform, revealed the first-ever gaming rollup on Solana, a milestone in decentralized gaming universes. In the same March of 2024, Bezogia, a player in the decentralized GaaS space, launched its flagship game. Additionally, these gaming platforms provide users with higher degrees of control over their data and digital assets in their games. This, in turn, is positively affecting the dynamics of the blockchain in gaming market.
What Drives Blockchain Gaming Growth in North America?
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