Global GameFi Market Size, Status and Forecast 2022-2028

GameFi Market Statistics 2028

According to our latest research, the global GameFi market size will reach USD million in 2028, growing at a CAGR of % over the analysis period. GameFi is the nexus of gaming and finance in a setting where non-fungible tokens (NFTs), smart contracts, and the blockchain are used. Due to overlap with existing frameworks, it is unclear who should govern GameFi, hence there are no formal regulations in place. We need to be aware of how cryptocurrency regulations change over time and how their layout might influence innovation within GameFi.

GameFi Market Share Analysis

GameFi thrives on team growth and user acquisition for new game creation. Additionally, GameFi efforts raise money through initial decentralized exchange offers (IDOs), which are backed by venture capitalists, much like initial coin offerings (ICOs) or an initial public offering (IPO). The majority of these include a variety of token distribution rounds with enough funding from the public and private sectors for marketing, gaming incentives, and ecosystem growth. This factor is expected to drive the growth of the GameFi market.

Blockchain play-to-earn (P2E) games allow players to fully control the assets they acquire during the course of the game and to resell them. It demonstrates their possession of the evidence of the genuineness of in-game goods. This feature is an improvement over traditional games, which permit users to utilize their in-game items but prevent them from being sold on in-game or off-game secondary marketplaces for actual money. This factor is expected to drive the growth of the GameFi market.

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The economic framework of GameFi is built on blockchain, cryptocurrencies, NFTs, and the play-to-earn model. Depending on the game, NFTs or in-game assets can be purchased in a variety of ways and sold in a number of NFT marketplaces. Additionally, the gaming sector offers a chance to develop virtual jobs in a developing industry. Let's use the Philippines as an example. People there discovered a way to earn extra money by playing Axie Infinity, the most well-liked P2E game on the Ethereum blockchain. This will further drive the growth of the GameFi market

The gaming business is predicted to enter a new age with Games. It is becoming widely used and is being accessed by consumers. It has the potential to gather a sizable contingent of veteran players, gamers, and even novices with no prior gaming experience.

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Segment by Type
By ETH
Based on Polygon
Based on Ronin
Based on FLOW
Based on BSC
Based on Near
Based on WAX

Segment by Application
Finance
Game
Others

BY REGION
North America
Europe
Asia-Pacific
BY COMPANY
Ubisoft
Sky Mavis
Decentraland
Mythical Games
DAPPER LABS
Forte
Enjin
Voxie Tactics
Bright Star
Sandbox
FoundGame
Splinterlands
DACOCO
MixMarvel
ITAM Games
Biscuit Labs
Double Jump
Immutable
Altitude Games
NOD Games
Blockade Games
Loom Network
Lucid Sight
Unity 3D
Tencent
NetEase
Baidu
XiaoMi
JD
In Xin Network Technology
Egretia
Animoca Brands
Antler Interactive
Sorare
Social Lending
Planetarium
Experimental
WAX
B2Expand
FirstBlood
VZ Games
Cocos

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