Web3 Gaming Set to Become a $22B Industry by 2025
On-chain gaming has emerged as one of the fastest-growing and most captivating sectors in the blockchain market over recent years. With its decentralized nature, it has attracted millions of users, enabling seamless cross-border transactions without significant hurdles.
According to a recent report by Binance Research, the blockchain gaming market generated $7.8 billion in revenue in 2023, with projections suggesting exponential growth. The industry is forecasted to reach over $22 billion by 2025, boasting a compound annual growth rate (CAGR) of 70.3%.
One of the primary advantages of blockchain gaming over traditional web2 games is asset permanence. In blockchain games, assets persist even if the game developers go bankrupt, unlike web2 games where user assets disappear if the game studio shuts down.
Moreover, blockchain gaming allows users to transfer earned assets between games or even outside the gaming realm, effectively breaking traditional control regulations compared to web2 titles.
According to DappRadar data from AMBCrypto, blockchain gaming dominates with 1.16 million active users, constituting 33% of the entire blockchain market.
