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Pay-To-Earn Games with Crypto and NFT Rewards market is projected to reach US$ 831.1 million in 2029, increasing from US$ 406.9 million in 2022, with the CAGR of 18.2% - Valuates Reports
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Pay-To-Earn Games with Crypto and NFT Rewards Market
Pay-To-Earn Games with Crypto and NFT Rewards means that players can earn in-game currency by playing games and completing tasks or activities outside the game, and convert the game currency into legal currency or a series of NFT rewards.
Pay-To-Earn NFT games combine game assets and NFT technology, allowing game assets like skins, characters, weapons, virtual lands and much more to have uniqueness and scarcity, so that players can trade them. At the moment, blockchain gaming is on the rise, including pay-to-earn games. Due to this, there are a lot of players ready to invest in such games.
Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Pay-To-Earn Games with Crypto and NFT Rewards market research.
Sky Mavis is the largest players of Pay-to-Earn games with Crypto and NFT rewards, acccounting for over 40%. Other giants in the industry include Sorare, The Sandbox, Immutable and Gala Games. Top 5 companies gain a total share over 70%.
North America is the largest market by region, making up over 30%, followed by Europe.
There are three main types of the games, including RPG, sandbox games and CAG, in which RPG is the largest segment, with a share about 35%.
Applications in computer and phones & tables are two dominant segments, where the former one makes up around 70%.
Segment by Type
-RPG
-Sandbox Games
-CAG
-Others
Segment by Application
-Computers
-Phones & Tablets
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