Blockchain Gaming Industry

Web3 Adoption Boosting Video Gaming Industry Growth

How the Adoption of Web3 Technologies is Helping the Video Gaming Industry to Grow Even More! An Analysis of the Predicted Growth, Penetration, and Revenue of the Video Games Industry from 2023 to 2027.

Web3 technologies and their role in the growth of the video gaming industry is a reality now, the report highlights projections and challenges in Web3 gaming and blockchain technology integration.

Web3 technologies and blockchain have allowed gaming and metaverse projects to flourish. The analyzed data in recent research shows that out of the 8000 random projects analyzed in ETH, SOL, and Aptos, 26.6% of them are classified as gaming or metaverse. This means that there are 2128 projects in total that promise to deliver a game or metaverse experience.

Web3 technologies and their role in the growth of the gaming industry is a reality, the report highlights projections for blockchain gaming.

The Video Games industry is projected to experience significant revenue growth in the coming years, with revenue reaching US$372.00 billion by 2023 and an annual growth rate of 7.80% from 2023 to 2027, resulting in a projected market volume of US$502.40 billion by 2027.

The industry is expected to have 3.04 billion users by 2027, with user penetration increasing from 34.5% in 2023 to 38.3% by 2027. The largest segment in the industry is Mobile Games, with a projected market volume of US$315.90 billion in 2023. China is expected to generate the most revenue in the industry, with a projected revenue of US$107,300.00 million in 2023.

The average revenue per user (ARPU) in the Video Games segment will reach US$140.20 in 2023.

Web3 Blockchain Projects in ADA, BNB, and AVAX

However, things seem to be even more promising in ADA, BNB, and AVAX blockchains. Out of the 2000 random projects analyzed, 40.9% of them are gaming or metaverse projects.

This means that there are 818 projects in total that are committing to delivering a game or metaverse experience on these blockchains.

The higher percentage of gaming and metaverse projects in ADA, BNB, and AVAX blockchains could be due to various reasons. For example, these blockchains might have more active and robust communities that take interest in gaming and metaverse projects.

Additionally, the lower fees and faster transaction times on these blockchains might make them more attractive for gaming and metaverse developers. It seems that the gaming and metaverse industry is growing rapidly, and blockchain technology is playing a significant role in this growth.

However, as with any investment, it\’s important to do your own research and due diligence before investing in any specific project.

The Significance of Gaming in the Rise of Web3

The potential importance of the gaming industry in driving the mass adoption of Web3 technology comes to the limelight in a recent tweet by one of the leading crypto analysts, NFT GOD. The thread argues that gaming is a perfect use case for NFTs (non-fungible tokens), which are digital assets that are unique and are not replicable or divisible.

NFTs can represent in-game items, such as weapons, armor, or skins, which players can buy, sell, and trade on the blockchain. This creates a new revenue stream for developers and players alike, and it also enables players to own their in-game items truly.

The tweet also emphasizes the dominance of the gaming industry in the attention economy. According to the data, gaming revenue in 2018 was $134 billion, which is more than the revenue generated by movies, TV, and music combined ($50 billion).

This suggests that gaming is a more significant cultural force than other forms of entertainment, and it has the potential to shape the way people interact with technology and media.

Finally, it argues that gaming is the future of Web3, implying that gaming will play a critical role in driving the adoption of Web3 technology by mainstream users. This is because gaming is a more accessible and relatable use case for blockchain technology than other applications, such as finance or supply chain management.

As more gamers become familiar with blockchain technology through gaming, they may become more comfortable using Web3 applications for other purposes as well.

Major Concerns and Challenges Ahead in Web3 Gaming


The gaming market is becoming increasingly crowdy with new games rolling out every week or so. As more games enter the market, it becomes more challenging for developers to attract players and gain traction.

This is because players have limited time and attention spans and are more likely to stick with games that they know and love, rather than trying out new games.

Lack of Quality in Web3 Games:

With so many games making it to the market, there is a risk of low-quality games. Developers may rush to release their games to keep up with the competition, leading to bugs, glitches, and other issues that can impact the player experience.


As players have more options to choose from, they may spread their time and attention across multiple games, resulting in a lack of engagement in any one game. This can be particularly challenging for multiplayer games, where player engagement is essential for a vibrant and active community.

Play to Earn Gaming News

Want to know the most profitable (P2E) games to play? We provide reviews of video games on our website. Our large collection of P2E games was carefully put together to give you all the information you need.

Add details on the game\’s kind, platform, tokens, white papers, and social media links. On our website, you can find the latest gaming news as well as game trailers and in-depth reviews. We are pleased to provide you with daily news updates on the most recent play-to-earn, P2E, blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games.

Find the top P2E games and developers by browsing our \”Best Games\” and \”Game Lists\” sections. If you want to know what\’s going on in the gaming industry, check out our \”Video Game News\” section daily.

If you are launching a game or have news regarding PlayToEarn games, please send us a press release. Our PlayToEarn Game news reporters will cover the event. Our website with video game reviews will assist you in locating the top play-to-earn, P2E games.

Not to Lose Cryptos in Blockchain Games

Blockchain games, while relatively new in the gaming industry, have already shown potential for innovation and disruption. However, due to their youth, these games also come with certain risks and challenges, such as potential loopholes and security vulnerabilities that can lead to gamers losing their assets. As with any new technology, the future of blockchain games is uncertain, but it is an exciting area to watch as it continues to evolve.

To ensure safety and security while playing blockchain games, it is important to stay vigilant and educated about potential risks and hazards. This includes being aware of common pitfalls such as human error, scams, and market volatility. By taking the necessary precautions and doing proper research, players can minimize their chances of losing assets and have a more enjoyable gaming experience. It\’s important to note that investing in cryptocurrency or blockchain games may be a high-risk activity, and it\’s essential to always consult a financial advisor before investing.

When it comes to playing blockchain or NFT (non-fungible token) games, it\’s important to take certain precautions to ensure a safe and secure experience.

To help gamers protect themselves, we have compiled a list of red flags to watch out for before investing time or money in a blockchain game:

  1. Lack of transparency: Be wary of games that are not transparent about their development team or project goals.
  2. No clear roadmap: A clear roadmap of the game\’s development plans and milestones can give you an idea of its future potential.
  3. No security measures: Make sure the game has implemented necessary security measures to protect player assets and information.
  4. No community: A strong and active community can be a good indicator of a game\’s popularity and potential.
  5. No smart contract audit: Games built on blockchain technology should have their smart contracts audited by a reputable firm to ensure their security and integrity.

By keeping these red flags in mind and doing your own research, you can make more informed decisions and have a more enjoyable gaming experience.

Staying safe and secure while playing blockchain or NFT games is crucial, but it\’s not always easy.

To help gamers protect themselves, we have identified some common mistakes that players make, and what they can do instead:

  1. Not reading the game\’s terms and conditions: Before playing a blockchain game, make sure to read and understand the game\’s terms and conditions, including any fees or charges.
  2. Not keeping your private keys safe: Never share your private keys with anyone, and always store them in a secure location.
  3. Not researching the game\’s team and project: Before investing time or money in a game, research the game\’s development team and project goals.
  4. Not understanding the game\’s mechanics: Make sure you understand the game\’s mechanics and how it works before playing.
  5. Not monitoring the game\’s development: Keep an eye on the game\’s development and community to stay informed about any updates or changes.

By avoiding these common mistakes and following the best practices, you can minimize the risk of losing assets and have a more enjoyable gaming experience.

Invest Time in Research, But What Should You Look For in Blockchain Games? 

One of the most important things a gamer can do to stay safe and secure while playing blockchain or NFT games is to conduct thorough research before investing any money. This includes researching the game or project\’s development team, their goals, and the overall transparency of the project.

One way to research a game or project is to visit its website and check if the team and their backgrounds are clearly visible. You can also check their LinkedIn profiles and other social media channels to verify their identities and learn more about their experience and qualifications. Additionally, it\’s a good idea to check the age of their social media accounts, as this can give you an idea of how long they\’ve been active in the industry.

Another important step is to check if the game or project has a clear roadmap, and if the game has a smart contract audit from reputable firms. A community that is active and engaged is also a good sign of a game\’s popularity and potential.

By conducting thorough research and being aware of red flags, gamers can minimize the risk of losing assets and have a more enjoyable gaming experience.

In addition to conducting thorough research on the development team and project goals, it\’s also important to check for reviews of the game or project. If a game has mostly negative reviews, it may be best to stay away.

Another useful tip is to check the game\’s Twitter account and activity level. If the account has very few followers and little activity, it could be a sign of a potential scam or \”rug pull\” (when a project suddenly disappears with investors\’ money).

Joining the game\’s Discord community can also be a great way to gain insights into the project and get a sense of the community\’s overall sentiment. This can give you an idea of the project\’s popularity and potential, as well as help you identify any red flags or concerns.

It\’s also important to keep in mind that the market for blockchain games and NFTs is highly speculative, and you should always consult a financial advisor before investing. It\’s essential to be aware of the risks and potential pitfalls and to invest only what you can afford to lose.

Read between the lines, check regulations, and read the white paper

When considering investing in a blockchain game or NFT project, it\’s important to go beyond guesswork and take a closer look at the project\’s terms and regulations. This includes reading through the fine print and making sure that the project is transparent and user-focused, rather than solely focused on the company\’s interests.

One of the best ways to learn about a blockchain game or project is through its whitepaper or litepaper. These documents provide detailed information about the project\’s goals, mechanics, and development plans, as well as its potential risks and challenges. It\’s important to take the time to read these papers carefully and understand the project\’s vision and potential.

Additionally, you can check if the project has a clear roadmap, a strong community and if the smart contract is audited by reputable firms. It\’s important to keep in mind that the market for blockchain games and NFTs is highly speculative, and you should always consult a financial advisor before investing. It\’s essential to be aware of the risks and potential pitfalls and to invest only what you can afford to lose.

Keep an eye on the market trends

The crypto market is known for its volatility, and this applies to blockchain games and NFTs as well. To minimize the risk of losing assets, it\’s important to keep an eye on the market trends and make timely decisions. One way to do this is to stay informed about the parent company\’s recent developments, such as new investments, funding rounds, collaborations, and partnerships.

It\’s also important to remember that diversifying your investments is key to managing risk. Instead of putting all your eggs in one basket, consider spreading your investment across multiple games and projects. This can help lower the risk factor and increase the chances of a successful outcome.

Additionally, it\’s crucial to keep an eye on the game\’s community, the number of active players, and the game\’s development. A strong and active community is a good indicator of a game\’s popularity and potential, and a game that is still in development may come with higher risk.

As with any investment, it\’s essential to consult a financial advisor before investing in blockchain games or NFTs. It\’s important to be aware of the risks and potential pitfalls and to invest only what you can afford to lose.

Mirandus AAA Blockchain Game

Crypto Games Will Not Bring You Riches

Entering into the world of blockchain games and NFTs with the expectation of getting rich quickly is not a realistic approach. These types of investments, like any other investments, come with risks and potential for loss. Additionally, it\’s important to be cautious of false advertisements or hype generated by word of mouth, and not make investment decisions based on emotions.

It\’s worth noting that blockchain games and NFTs can be a fun and engaging way to earn some extra money, especially in the short term. However, you should not expect to become a millionaire overnight. These types of investments are more appropriate for those looking for long-term gains and willing to accept the risks and volatility of the crypto market.

First, select free-to-play games

If you\’re new to the world of blockchain games and NFTs, it\’s a good idea to start with free-to-play games to test the waters and see if it\’s something you enjoy. Free-to-play games allow you to get a feel for the mechanics and gameplay without the risk of losing any money.

The \”play-to-earn\” model, where players can earn in-game assets or cryptocurrency by playing the game, is becoming increasingly popular in the blockchain gaming industry. Some of the biggest names in the industry are now rolling out free-to-play games that allow players to earn assets or cryptocurrency without any upfront investment.

It\’s worth noting that, not all free-to-play games are created equal and that some may still require in-game purchases or microtransactions. However, it\’s still a great way to learn about the blockchain gaming industry and see if it\’s something you\’re interested in without any financial commitment.

Final Word

Blockchain games are still in the early stages of evolution in terms of gameplay, security, and earning potential. However, there are several highly-anticipated AAA blockchain games set to be released in the next year or two, developed by some of the top names in the industry. This means that the fun element of blockchain games is becoming more prominent, making it more accessible to a wider audience.

If you are not yet confident about investing in blockchain games, it\’s a good idea to wait for the right opportunity to enter the market. You can keep an eye on new games and developments in the industry by visiting websites that specialize in blockchain games or following the latest news and trends in the crypto and gaming world.

Our website offers detailed game reviews, which can help you get a better understanding of the games, their mechanics, and their earning potential. You can also find hundreds of games on our website, which can help you find the right game for you. Keep visiting us for more information and updates on the latest blockchain games and developments in the industry.

Next Article

Blockchain Gaming Most Active Segment

According to the Global Gaming Report 2022 by Drake Star, the gaming industry saw significant growth in 2022 despite economic difficulties. The entertainment sector, in particular, experienced tremendous success with impressive numbers..

In 2022, the gaming industry generated an impressive $127 billion through 1320 deals announced and closed. This figure includes Mergers & Acquisitions, Public Markets, and PP. The most notable deal was Microsoft\’s acquisition of Activision, despite the controversies surrounding it. Additionally, Take-Two acquired Zynga, Unity acquired ironSource, and Sony acquired Bungie. The industry also saw significant investment, with companies such as EPIC Games and the blockchain sector raising large sums of money. Download the report.

Record-Breaking Deals and Promising Growth in the Gaming Industry in 2022

The year 2022 saw a number of significant deals in both Mergers and Acquisitions and Private Financings. M&A value experienced a marked increase of 3 times compared to 2021, reaching a total of $102.3 billion. The PC and console gaming led with 83 deals, followed by platform tools with 75 deals. Mobile gaming also saw a significant number of deals, totaling 75. The overall deal volume remained consistent throughout the year. In the blockchain gaming sector, there were 17 M&A deals.

In terms of private placements, a total of 938 deals were completed, amounting to $11.1 billion. The blockchain gaming sector had the highest number of deals, closing 405 deals with a total value of $3.9 billion. PC and console gaming followed with 123 deals, and mobile gaming had 152 deals. Within the blockchain gaming and NFT gaming private placements, Animoca Brands was the top performer. In 2022, Animoca Brands\’ deal value reached $358.9 million with a total valuation of $5358.9 million. The company\’s investors included Liberty City, Sequoia, and Mirae Investment. Other notable companies in this field include Immutable, LootMogul, LimitBreak, and Sky Mavis, among others.

Drake star Report

Key Takeaways of Q4 of 2022

In the fourth quarter of 2022, M&A activity remained consistent and saw Meta making several acquisitions of VR game developers such as Camufloj, Armature Studio, and Twisted Pixel. These developers have contributed to popular VR games like Resident Evil 4 VR and Iron Man VR.

Furthermore, video streaming giant Netflix ventured into gaming by purchasing Cozy Grove and SpryFox, the developer of Alphabear. Other notable M&A activity in Q4 includes Google\’s acquisition of AI avatar company Alter for $100 million, Playstudios\’ acquisition of mobile game developer Brainium for $93 million, Keyword Studios\’ acquisition of Helpshift for $75 million, and Fandom\’s acquisition of Gamesport, Metacritic, Giant Bomb, and others for $55 million.

In terms of fundraising, the blockchain gaming industry saw Horizon raise $40 million. Traditional gaming companies also had a successful year, with Fenix Games raising $150 million with the intention of using the investment to bring blockchain games to market. Another major fundraising was Homa Games, which raised $100 million in a Series B round led by venture capital firms Quadrille Capital and Headline.

In addition to fundraising, there were also several gaming companies that went public in 2022. Wemade, a blockchain gaming company, raised $50 million through its public offering. Infinite Reality also went public through a SPAC deal with Newbury Street acquisition company. Similarly, Snail Games also made its public debut on Nasdaq with a $190 million valuation, raising $15 million.

Drake star Report 2022

The gaming industry had a total of 76 deals announced in Q4 of 2022, resulting in $721 million in disclosed deal activity. The PC and console sector had 15 deals and blockchain gaming had 9 deals. North America had the most deals with 31, Europe had 25, and Asia and other regions had 20 deals.

What does the 2022 Gaming Report Predict about 2023?

The report predicts that the gaming industry will continue to see diversification, consolidation, and investment, but at a slower pace. The focus in 2023 will be on AR/VR and AI technologies, but there is also expected to be a significant amount of activity in M&A, particularly within the mobile gaming sector.

The report also notes that Embracer, Sony, Microsoft, Tencent, and T2 will continue to be major acquirers in 2023. Furthermore, the blockchain gaming sector is expected to see an increase in high-quality games as the $13 billion raised in 2022 is utilized. The report predicts that we will see a first consolidation phase in blockchain gaming this year. Overall, the report highlights many positive developments for the gaming industry as a whole and the blockchain gaming sector in particular.

The blockchain sector is also introducing new technology and methods to curb the problem of losing funds via hacking and or personal error. Check out our article on Account Abstraction and how this technology can work in the best interest of investors.

Next Article