Blockchain games have taken their place among industry participants as one of the most interesting areas in the technology sector, growing rapidly. The ability for players to acquire in-game assets and elements within a decentralized structure and trade these assets outside of the game has breathed new life into the sector.
According to a report published by Binance Research, the blockchain game market achieved revenues of $7.8 billion in 2023 and is expected to exceed $22 billion by 2025, with an annual compound growth rate of 70.3%.
Although these figures are impressive, it should not be forgotten that the industry is still in its infancy. Compared to best-selling video games like Minecraft, the revenues generated from blockchain games represent a much smaller share.
As stated in the report, the decentralized structure can ensure the continuity of in-game assets even if the game’s production team goes bankrupt. This situation can be considered revolutionary.
Web3 games, unlike Web2 games that end as a result of the failure of a central organization, have the potential to stand indefinitely. Furthermore, the interoperability feature that could be provided in the future may allow players to use the items they win in one game in other games or outside of gaming.
According to DappRadar data, blockchain games continue to dominate the dApp world with 1.16 million unique active users and have become the busiest category in the dApp market with a 33% market share. However, our articles that show how often games developed in this field go bankrupt still provide valid information about the current state of the market.
