Play-To-Earn NFT Games Market

The Global Play-to-Earn NFT Games Market is valued at USD 788.05 Million in 2021 and is expected to reach USD 2890.29 Million by 2028 with a CAGR of 20.41% over the forecast period.

Scope of Global Play-to-Earn NFT Games Market

NFT-Powered play to earn (P2E) Games known as ""Crypto Games"" now have the opportunity for players to own their in-game assets. Although they perform nearly identically to their traditional counterparts. Crypto opens many possibilities for the player because in-game items are NFTs, and in-game currency is fully usable. Skins, weapons, characters, in-game currency, and even virtual land on the Metaverse can all be traded or sold for profit in the same way that any other NFT can. And like any other NFT, some of these in-game assets can sometimes fetch eye-watering sums on the secondary market.

In 2020, the COVID-19 pandemic forced the shutdown of most economies. While this was short-lived in some places, other nations were in some form of lockdown at the time as 2021 approached. Because of this, the video gaming industry was one of the few to see an unexpected increase in demand. During the repeated rounds of lockdown, people naturally resorted to video games in large numbers for entertainment in their homes. At the same time, a new way to play video games and earn cryptocurrency was on the rise. And it is still growing. This suggests that the market has not been affected by COVID-19.

The Global Play-to-Earn NFT Games Market is segmented on the basis of type, application, currency transactions and geography. Based on type, the play-to-earn NFT games market is segmented into RPG, sandbox games, CAG, and others. On the basis of application, the play-to-earn NFT games market is segmented into computers, and phones & tablets. Based on application, the play-to-earn NFT games market is segmented into coinbase, binance, crypto.com, kraken, and others.

The regions covered in this Play-to-Earn NFT Games Market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of play-to-earn NFT games is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Global Play-to-Earn NFT Games Segmentation

By Type

• RPG
• Sandbox Games
• CAG
• Others

By Application

• Computers
• Phones & Tablets

By Currency 

• Coinbase
• Binance
• Crypto
• Kraken
• Others

Key Players for Play-to-Earn NFT Games Market

Some of the major players in the global Play-to-Earn NFT Games Market include

• Mines of Dalarnia
• My Neighbor Alice
• Mobox,
• Axie Infinity
• Illuvium
• The Sandbox
• Alien Worlds
• Highstreet World
• League of Kingdoms
• Lucky Block
• CyberDragon by BinaryX
• Battle Infinity
• Cryptokitties
• Others

By Regional & Country Analysis

North America

• U.S.
• Mexico
• Canada 

Europe 

• UK
• France
• Germany
• Italy 

The Asia Pacific 

• China
• Japan
• India
• Southeast Asia

South America 

• Brazil
• Argentina
• Columbia

The Middle East and Africa 

• GCC
• Africa
• Rest of the Middle East and Africa

News

Dalarnia's mines launched the mainnet

On April 27th, 2022, Mines of Dalarnia launched its Play to Earn (P2E) game in the GameFi space. The free-to-play blockchain game is now on the mainnet. Mines of Dalarnia is a downloadable game on PC, developed by the BNB chain. The game authorizes users to interact with non-fungible tokens (NFT) and the protocol's native $ DAR token.

Alien Worlds and Bitbns Crypto Exchanged the list NFT Metaverse Tokens

On April 12nd, 2022, Bitbns, an India-based crypto exchange, announced the listing of Alien Worlds (TLM), a traded non-fungible token (NFT) Metaverse token. Users can earn tokens in the mining game and earn a fixed interest by holding the tokens for a certain period of time, according to a press statement released by the company.

Global Play-to-Earn NFT Games Market Dynamics

The high influence of NFT gaming on digital audiences is a major augmenting factor for the market growth

With innovative features, NFT has gained a lot of popularity recently. A significant difference between NFT Metaverse games and traditional gaming is that they are decentralized. Many players are using this platform and making profits. Statistics prove that NFT is achieving a great success. Besides, the popularity of NFTs paved the way for NFT gaming platforms and NFT Metaverse games to gain rapid awareness among a large audience in the digital space. This is a fantastic opportunity for aspiring entrepreneurs who want to revolutionize the virtual world. 

NFTs have grown in popularity in recent times. The trading volume of nonfungible tokens will reach USD 17.6 billion in 2021. Because of this, NFT gaming development has a bright future, as the new user ratio is gradually increasing as it provides play-to-earn opportunities. Today's popular play-to-earn NFT platforms are Axie Infinity, Decentraland, Gods Unchained, Dungeonswap, Zed Run, and many others. This has inspired NFT game development services to create more such games that can become instant hits. This can be very beneficial for market growth.

Ongoing Investment in NFT game development has greatly enhanced the adoption of the gaming platform

The global gaming industry has always had that extra edge. Technology has made leaps and bounds, especially with the rise of blockchain technology fueling the development of new NFT Metaverse games and NFT gaming platforms. In traditional games, players were allowed to choose traditional functionality and scenes. In contrast, NFT games provide more freedom and more exciting features. Gamers can change the game's visuals, claim ownership of in-game assets, create avatars, buy, or trade virtual holdings, and perform various tasks. NFT games enable players to earn money while gaming at the same time. This allows for more creative thinking within the NFT ecosystem. Hence, users are showing more interest in them, and the market trend for NFT game solutions is increasing. Axie Infinity, Splinterlands, and Sandbox are leading NFT gaming platforms with their in-game currency and various virtual items. And platform owners offer a significant return on investment. That is why corporations are now looking for NFT game development services to design and launch NFT games as a play-to-earn model for players.

Moreover, regarding the popularity of NFT games, India has the highest, with 34% of respondents played a P2E game. Hong Kong (29%) and the UAE (27%) have the highest percentage of P2E gamers. Sweden, on the other hand, is at the other end of the spectrum, with only 4% of those asked having played a mobile NFT game. Due to this, players are focusing more on NFT gaming and investing heavily in improving the gaming platform, which is expected to give a good boost to the NFT gaming market. The increasing amount of confidential information theft is posing a major threat to the Play-to-Earn NFT Games market. If the virtual currency is approved by the government soon, there will be a lot of opportunities for the Play-to-Earn NFT games market in the near future.

Global Play-to-Earn NFT Games Market Region

The Asia-Pacific is emerging as a major hub for the Play-to-Earn NFT Games market. The number of gamers is increasing in Asia Pacific. For example, there were 664 million gamers in China, which is the highest number of gamers in the Asia-Pacific region. Besides, NFT gaming is most popular in India, where 34% of respondents said that they have played a P2E game. The next highest percentage of Play-to-Earn gamers is in Hong Kong (29%). These figures show that Play-to-Earn Games have been widely adopted by gamers in Asia-Pacific region making the Asia-Pacific region the top market in the Play-to-Earn NFT Games.

After Asia Pacific, North America is the second dominating region currently growing at the fastest pace in the Play-to-Earn NFT Games market. North America has long been heavily involved in video gaming. The US lags China with over 244 million gamers and it is estimated that 3 out of 4 Americans play video games on various consoles and more than half play on mobile phones. These statistics indicate that North America region can also create huge opportunities for the market in near future.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 788.05 Million
Base year considered	2021
Forecast Period CAGR %:	20.41%
Market Size Expected in 2028:	USD 2890.29 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Mines of Dalarnia, My Neighbor Alice, Mobox, Axie Infinity, Illuvium, The Sandbox, Alien Worlds, Highstreet World, League of Kingdoms, Lucky Block, CyberDragon by BinaryX, Battle Infinity, Cryptokitties and Others.
Segments Covered	By Type, By Application, By Currency, By End-Use
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa