GameFi Market is Set To Fly High in Years to Come
The latest study released on the Global GameFi Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The GameFi market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Axie Infinity (Singapore), Yield Guild Games (Philippines), Ember Sword (United States), Gala Games (United States), Animoca Brands (Hong Kong), The Sandbox (Switzerland), Decentraland (Argentina), My Neighbor Alice (Sweden), Gods Unchained (Australia), Sorare (France)
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According to HTF Market Intelligence, the Global GameFi market to witness a CAGR of % during forecast period of 2023–2029. The market is segmented by Types of NFTs (Accessories, Lands, Bundles, Runes, Weapons, Outfits, Others) by Model (Free-2-Play, Play-2-Earn) and by Geography (North America, South America, Europe, Asia Pacific, MEA).The GameFi market size is estimated to increase by USD at a CAGR of % from 2023 to 2029. The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD
Definition:
The term GameFi is formed from two words game and finance that runs on the blockchain network and allows to earn rewards in the form of digital assets or cryptocurrency. The revolution of the gaming industry and the growing adoption of crypto have accelerated the growth of GameFi among traditional pay-to-play game players. Increased adoption of GameFi among investors to earn, trade, and invest in crypto will boost the market in the near future. GameFi allows earning crypto by completing game tasks or participating in tournaments. Further, the growing preference of consumers towards online social gaming has created significant opportunities for GameFi.
Market Trends:
· Increased Focus on Innovation and Development of Online Games by Using AI-Assisted Technology
Market Drivers:
· Growing Popularity of GameFi or Blockchain-based Games Among the Traditional Pay-to-Win Video Game Players
· High Growth of GameFi as a New Income Opportunity for Investors and Ordinary Players
Market Opportunities:
· Evolution of Metaverse and Rapid Growth of NFT Across the Globe Will Create Significant Opportunities
Major Highlights of the GameFi Market report released by HTF MI
Market Breakdown by Types: Accessories, Lands, Bundles, Runes, Weapons, Outfits, Others
Global GameFi market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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