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Gaming Market
For the past few years, the gaming industry has been on the rise, with the outbreak of the global pandemic aiding the development. The industry is well-funded, with revenue anticipated to exceed $20 billion in 2020. Experts predict that by 2025, there will be 1.3 billion active online gamers, up from an estimated 1 billion today. Blockchain-based peer-to-peer games are the wave of the future. These games provide players more control over the in-game assets they work so hard for, as well as the possibility to generate money while playing by earning cryptocurrency and NFTs.
According to recent research, in July 2021, there were 804,000 unique active gamers connected to blockchain-based games. The shift in trend indicates that the gaming industry is rapidly expanding its global user base, with blockchain games attracting a lot of attention. NFT-based online video game Axie Infinity now has the most unique active wallets (UAW), however several other blockchain games have more UAW than Axie in the third quarter of 2021. The play-to-earn (P2E) model in games, as well as the surge in NFTs, are the two major contributors to the blockchain gaming business right now, according to the survey. In fact, blockchain games account for nearly half of the 1.54 million crypto wallets in existence (754,000).
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