According to the forecast, the crypto gaming industry will reach $614 billion by 2030

In a recent analysis by Fortune Business Insights, researchers claim that the global blockchain gaming industry could see massive growth by 2030. They examined global sales of blockchain-based gaming products between 2017 and 2021. Currently, the gaming industry is worth an estimated $154 billion, but that value could turn upside down several times in the coming years.

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Huge growth in crypto gaming

According to the December 11 analysis, the gaming sector can expect a massive inflow of $614 billion over the next six years.

The analysis shows that sales of blockchain-based gaming products have increased at a compound annual growth rate (CAGR) of 21.8% since 2017. This calculation shows that the industry is expected to reach more than $600 billion by 2030.

The study divided the world into five parts: North America, South America, Middle East/Africa, Europe and Asia-Pacific. The analysis shows that North America accounted for the largest share of blockchain gaming product purchases in 2022.

These purchases total more than $30 billion. This corresponds to around 24 percent of total global sales. Wealth researchers assume that this dominance of North America will continue in the coming years.

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“Role playing games” and blockchain in the gaming scene

She also analyzed the categories of games offered. The report shows that so-called Role playing games (RPGs)” are expected to see the highest growth compared to other categories.

These games are particularly suitable for combining blockchain and crypto due to their special game features, such as characters, themes and accessories. According to the analysis report, RPGs accounted for more than 33 percent of the market in 2022.

The analysis suggests that Web3-based games will also retain their dominance in the market. These games are currently the most popular in the world of blockchain gaming.

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Not always positive news from the gaming industry

However, news from the gaming industry doesn’t always seem to be positive. A previous study found that up to 75.5 percent of all blockchain games have failed in the last five years. Of the 2,817 blockchain games launched since 2017, 2,127 have collapsed.

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