Blockchain is the technology that enables the existence of cryptocurrency. It is a play and earns type game. Start 2021 as the most popular blockchain game with around 8000 daily unique active wallets. It is a video game that includes elements that use cryptography-based blockchain technologies. Blockchain elements in these games are most often based on the use of cryptocurrency or non-fungible tokens NFTs which players can buy and sell with other players. The blockchain game market is expected to grow rapidly during the forecast period.
This growth is primarily driven by Players can Earn Money by Playing Games and A simple way for the Gaming Industry to earn Money.
Globally, a noticeable market trend is evident Advancement in PC and Mobile Gaming
. Major Players, such as Decentraland (Argentina), Mythical Games Inc. (United States), OpenSea (United States), Sky Mavis (Singapore), Dapper Labs Inc. (Canada), ITAM Games (South Korea), Robot Cache (United States), MakerDAO (United States), Kriptomat OÜ (Estonia) and VZ Games (Latvia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd November 2021, Mythical Games Inc. has announced the first developer partners for the Mythical Platform. The platform offers a full-service system to build or integrate playable blockchain-based economies into games, facilitating a new level of ownership of digital assets for players, connecting creators and brands. The partnership enables Mythical to help fund the development of studio Games, a racing game from independent developer and publisher Creative Mobile.
As per the Securities and Exchange Commission (SEC) guidelines, “the issuance of certain crypto tokens are securities and must comply with the securities laws.”
- Players can Earn Money by Playing Games
- A simple way for the Gaming Industry to earn Money
- Advancement in PC and Mobile Gaming
- The popularity of Blockchain Games
- High Premium Costs Associated with the Blockchain Games
- Concerns Related to Low Scalability and Energy Consumption
Rising Blockchain Games Demand from Lack of Gamers
Regulatory Guidelines On the Blockchain Game Developers and Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blockchain Game Study Sheds Light on
The Blockchain Game Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Blockchain Game industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blockchain Game industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Blockchain Game Market?
The Blockchain Game market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Blockchain Game Market?
Top performing companies in the Global Blockchain Game market are Decentraland (Argentina), Mythical Games Inc. (United States), OpenSea (United States), Sky Mavis (Singapore), Dapper Labs Inc. (Canada), ITAM Games (South Korea), Robot Cache (United States), MakerDAO (United States), Kriptomat OÜ (Estonia) and VZ Games (Latvia), to name a few.
3. Which region dominated the worldwide market for Blockchain Game in 2020?
is dominating the Blockchain Game Market.