The North American blockchain gaming market is on a trajectory to hit $614 billion by 2030, a surge propelled by regional advancements and evolving game genres.
Fortune Business Insights’ extensive analysis projects a robust compound annual growth rate of 21.8%, backed by sales data between 2017 and 2021 that reflects a staggering nearly 299% growth over six years.
Leading this charge is North America, contributing over $30 billion in 2022, accounting for roughly 24% of the global market. The region’s dominance is forecasted to persist, particularly in blockchain game item purchases.
Among game types, role-playing games (RPGs) emerge as the fastest-growing category in the blockchain gaming landscape. RPGs stand out due to their appeal, offering unique characters, themes, weapons, and accessories that seamlessly integrate with blockchain features, representing over 33% of the market in 2022.
While web-based games presently rule the scene, there’s a significant shift toward Android-based games, showcasing a diversification in player-preferred platforms.
Innovative approaches to enhance user experience, like Immutable’s incorporation of Transak for facilitating purchases on December 11, signify the industry’s dynamic evolution. Yet, a recent CoinGecko study indicates a sobering reality: more than 75% of blockchain games launched between 2018 and 2023 have failed, highlighting the inherent volatility and risks within this burgeoning market.
