⚙️Market Background
Last updated
Last updated
For the general public, video games act as a constant source of dopamine and adrenaline. The gaming industry has been growing in popularity ever since electronic games were created in 1958. At the moment, the market's yearly income is an astounding $185 billion.
There are a plethora of gaming options available to gamers due to the vastness of the gaming market, which includes arcades, consoles, web, mobile, cloud, XR, and more platforms. A new genre of video games called blockchain games has gained popularity recently due to its distinct appeal. The size of blockchain games has reached about $4.6 billion and is predicted to expand to $65.7 billion by 2027, like a hurricane rushing over the gaming industry. This method of playing games not only offers a whole new experience, but it also opens up a whole new gaming universe.
Players in this universe become creators and participants, not just characters to be played. Players can take ownership of their in-game assets and turn them into real money by using blockchain technology. Such a gaming technique offers us a whole new genre of entertainment in addition to greater fun and challenges. We may expect the gaming industry to grow more larger and more varied in the future as blockchain technology continues to advance.