5.2 NFT game market

The global blockchain gaming market was valued at $4.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. According to WatchGuru, crypto research firm K33 Research predicts that the crypto gaming market will grow to $206 billion by 2025. "In 2022, the crypto gaming market was valued at $183 billion, which is seven times the global movie box office revenue, and there has been a recent surge in investment in Web 3.0 gaming, with $300 million invested in projects such as games and gaming infrastructure in July," the report said.

Additionally, Grand View Research predicts that the blockchain gaming market will expand significantly as the adoption of blockchain technology increases in the gaming industry. This transition provides players with the benefits of asset ownership, transparency, and monetization within the gaming ecosystem. Accordingly, this sector is expected to record a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030.