North American blockchain gaming market set to reach $600b by 2030
The global blockchain gaming market is expected to surge to $614 billion by 2030, driven by regional growth and evolving game types.
This forecast, detailed in a comprehensive analysis by Fortune Business Insights, reflects a compound annual growth rate of 21.8%. The report’s examination of sales data from 2017 to 2021 underscores this trend, predicting an absolute growth rate over the six-year period of nearly 299%.
North America is at the forefront of this expansion, having contributed over $30 billion in 2022, which is approximately 24% of the total according to the report. The dominance is not expected to wane, with the region predicted to continue leading in blockchain game item purchases.
Role-playing games (RPGs) are identified as the fastest-growing category in the blockchain gaming market. The report highlights their appeal, as special characters, themes, additional weapons, accessories, and other features make RPGs particularly suitable for blockchain integration. In 2022, RPGs represented over 33% of the market.
Currently, web-based games dominate the blockchain gaming landscape, but the report notes a significant shift towards Android-based games. This trend suggests a diversification in the platforms preferred by players.
To enhance user experience, companies like Immutable are innovating; on Dec. 11, the company added Transak to facilitate purchases. However, as per a recent CoinGecko study, over 75% of blockchain games launched between 2018 and 2023 have failed, signaling the volatility and risk inherent in this nascent market.
