Market Overview
The Gaming Industry Is Now Bigger Than Movies And Music.. Combined
Last updated
The Gaming Industry Is Now Bigger Than Movies And Music.. Combined
Last updated
In 2023 the worldwide video game industry has grown TO OVER $385B with a predicted yearly growth of 7.9% until 2027.
According to Dapp Radar, Blockchain gaming now accounts for 49% of worldwide blockchain activity.
4.5 billion people will be playing video games in one form or another by the end of 2030
According to DappRadar $10 billion has been invested into gaming studios developing Web3 blockchain games.
Publishers made $3.64 billion in revenue from non-fungible tokens connected to items for use inside of video games in 2022, it is expected that the figure will grow at a 33.5.% compound annual growth rate through 2027 to $15.46 billion as more games with NFT mechanics come to market and attract a wider player base.
Web3 and the blockchain has altered the gaming experience and has cemented its unique position for the future of the gaming industry.
Here is a Year on Year In-game NFT revenue forecast.
In-game purchases were transformative for the video game industry and have been available for many years. Many in the industry believe that giving users the ability to trade and sell those items on the open market through NFTs is the key to unlocking a new level of demand.
Cosmic Force is creating the gaming framework and blockchain enabling NFTs to secure digital assets across different gaming experiences and into the Cosmic metaverse. We have to convince gamers, regulators and platform holders that NFTs are a worthwhile, and safe, investment. Over time NFT backed games for storing digital assets will become standard and mass adoption will take place.
This is your chance to become part of history in the gaming industry.
