Blockchain Games: A Growing Industry with Promising Future

On April 21st, a report from Polaris Market Research showed that the total transaction volume of blockchain games reached $5.41 billion in 2022, with an expected compound annual growth rate of 68.90% over the next 10 years; The most popular P2E game is Axie Infinity, with an average of 535202 searches per month; SecondLive ranks second with an average monthly search volume of 496313; The third ranked company is Stepn, with an average search volume of 478794. （beincrypto）

Report: The total transaction volume of chain games in 2022 is 5.41 billion US dollars, with a compound annual growth rate of 68.90% in the next 10 years

The blockchain industry has been rapidly expanding in recent years, and one of the most significant areas of growth has been in the gaming sector. According to a report by Polaris Market Research, the total transaction volume of blockchain games reached $5.41 billion in 2022, with an expected compound annual growth rate of 68.90% over the next 10 years. This report confirms the potential of blockchain games to become a major force in the gaming industry. In this article, we explore the growth of blockchain gaming and the most popular P2E games.

The Rise of Blockchain Gaming

In recent years, blockchain games have gained popularity due to their unique features. The blockchain technology utilized by these games enable players to earn income by trading in-game items, and it also creates a decentralized platform that enhances the security and transparency of the games. This feature has engendered trust in players and increased the demand for blockchain games.
The fast growth of blockchain gaming over the last decade has been remarkable, and the Polaris Market Research report shows that the sector will continue to grow rapidly. In 2022, the transaction volume of blockchain games reached $5.41 billion, a significant increase from the $569 million recorded in 2018. This growth indicates that blockchain games are becoming more popular among players.

The Most Popular P2E Games

Play-to-earn (P2E) games are a type of blockchain game that enables players to earn crypto tokens for playing. Among the most popular P2E games are Axie Infinity, SecondLive, and Stepn.

Axie Infinity

Axie Infinity is a P2E game that has amassed a large following and investment. The game has an average monthly search volume of 535,202, according to the Polaris Market Research report. It has gathered a large community of players who trade virtual creatures known as Axies. Players can earn income from breeding Axies, fighting other players, or renting their Axies to other players.

SecondLife

SecondLife is a virtual game world that has been around since the early 2000s. It utilizes blockchain technology and has an average monthly search volume of 496,313, making it one of the most popular P2E games. SecondLife is unique due to its virtual marketplace where players can buy and sell digital goods and services using crypto tokens.

Stepn

Stepn is another P2E game with an average search volume of 478,794. It allows players to earn crypto tokens by engaging in various activities within the game, such as completing missions or creating content.

Conclusion

The growth of blockchain games has been significant in recent years, and it is expected to continue to grow for the foreseeable future. The rise of P2E games such as Axie Infinity, SecondLife, and Stepn has demonstrated the potential of blockchain gaming for players to earn income while enjoying an immersive gaming experience. Future developments in the blockchain industry are likely to further enhance the potential of blockchain gaming.

FAQs

1. Are blockchain games secure?
Yes, blockchain games utilize decentralized platforms that ensure transparency and security for players.
2. Can players earn income from blockchain games?
Yes, P2E games enable players to earn income by trading in-game items or crypto tokens.
3. Which blockchain game has the largest following?
Currently, the most popular P2E game is Axie Infinity, with an average monthly search volume of 535,202 according to the Polaris Market Research report.