[Image: Sky Mavis]
A revenue impact and advisory business called MarketsandMarkets has published research on the worldwide blockchain gaming market. The report, which covers the forecast period from 2022 to 2027, predicts that the market would reach $65.7 billion by 2027.
The market's $4.6 billion current size is expected to grow at a CAGR of 70.3% during the next five years. MarketsandMarkets projects that BNB Chain will expand at the highest CAGR of any platform over the forecast period.
The main drivers of market growth have been identified as blockchain gaming financing and investment growth. The play-to-earn model's rising popularity and the accelerating NFT trends are further considerations.
The fear of the unknown is one of the reasons people don't play these games, but few people are aware of the concepts underlying blockchain, cryptocurrencies, NFT, etc. The decision of initiatives like Coin Fantasy to use games to educate people about cryptocurrency may have been the right one.
MarketsandMarkets' prediction that the Ethereum sector would see the largest market size during the projected period didn't surprise me. This platform's popular blockchain games like CryptoKitties, The Sandbox, Gods Unchained, and My Crypto Heroes will have an impact on that growth.
How do you feel about the blockchain gaming sector?
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