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Premium Report Details
Base Year: 2024
Companies covered: 25
Tables & Figures: 150
Countries covered: 19
Pages: 180
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Gaming NFT Market
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Gaming NFT Market Size
The global gaming NFT market size was valued at USD 4.8 billion in 2024 and is estimated to grow at 24.8% CAGR from 2025 to 2034. The increased proliferation and popularity of blockchain technology worldwide across the globe is the key growth driver of market.
The convergence of Non-Fungible Tokens (NFTs) with Web3 gaming platforms is poised to rejuvenate the NFT sector by 2025. For instance, in June 2024. IronDoge launched a new era of GameFi with immersive play-to-earn games. This holistic approach aims to revolutionize gaming by combining thrill action and real monetary rewards. Thus, the need for gaming NFT is growing with the aim of protecting the cosmetics during its transit as well as enhancing the aesthetic value of the cosmetics.
The gaming NFT market is driven by the rise of play-to-earn (P2E) models, increased blockchain adoption, and the expansion of the metaverse. The rise of blockchain-based gaming has fueled the adoption of the Play-to-Earn (P2E) model, where players can earn real-world traditional gaming, where in-game assets have no monetary value outside the platform, NFT-based games allow players to trade, sell, and monetize their digital collectibles.
This model attracts gamers looking for financial incentives and has led to increased engagement. As more developers integrate P2E mechanics, the market continues to expand, creating new economic opportunities for players and developers alike.
NFTs offer true ownership of in-game assets, ensuring that players can buy, sell, or trade items independently of the game developers. This decentralized model enhances the value of digital assets, as they retain uniqueness and scarcity on the blockchain. Gamers are increasingly drawn to NFT-powered games because of the ability to transfer assets across platforms or retain value even if a game shuts down. This shift toward digital ownership is a key driver of market growth, influencing game design and monetization strategies.
Gaming NFT manufacturers should introduce latency-optimized chipsets specifically targeting gaming console manufacturers and AR/VR device manufacturers as the proliferation of AR/VR devices is expected to increase in the coming years.
The gaming NFT market is benefiting from the rapid evolution of blockchain and Web3 technologies. Ethereum, Solana, and Layer-2 scaling solutions are improving transaction speeds and reducing gas fees, making in-game NFT trading more accessible. Smart contracts enable automated, secure transactions, reducing fraud risks.
Gaming NFT Market Trends
Gaming NFT Market Analysis
According to NFT type, the gaming NFT market is divided into In-game assets, Collectibles, Trading Cards, Virtual real estate, Cryptocurrency tokens. These are key types of NFTs in the gaming industry, enabling players to own, trade, and monetize digital assets. In-game assets, collectibles, trading cards, virtual real estate, and cryptocurrency tokens provide unique ownership, scarcity, and interoperability within blockchain-based gaming ecosystems.
Based on gaming platform, the gaming NFT market is divided into PC Games, Console Games, Mobile Games, AR/VR Games, Web-based Games. The increasing adoption of blockchain in mobile gaming is driving growth, with platforms like Axie Infinity and Sorare leveraging NFTs to enhance player engagement and monetization.
Based on blockchain network, The NFT gaming market is heavily reliant on blockchain networks such as Ethereum, Binance Smart Chain, and Polygon, which facilitate secure and decentralized transactions. The increasing adoption of Layer 2 solutions like Polygon enhances scalability and reduces transaction costs, making NFT integration more viable for gaming platforms. As blockchain interoperability grows, NFT gaming ecosystems are expanding, allowing seamless asset transfers across multiple networks.
The North America gaming NFT market was valued at USD 1.5 billion in 2024. The North American gaming NFT market is expected to experience significant growth due to the rising demand for gaming-related NFTs and the increased interest in digital ownership. Companies in the region are making strategic partnerships to expand their presence. For instance, in 2023, GameOn, a Web3 fantasy sports platform, announced a regional partnership with LALIGA North America to develop officially licensed NFT fantasy games. This collaboration enables fans in the U.S. and Canada to engage with LaLiga by collecting playable avatars and participating in various game modes. This reflects the region’s commitment to integrating gaming NFT into various business models.
The European gaming NFT market is growing due to the increasing demand for digital ownership, integration of blockchain technology in gaming, and the rise of decentralized gaming economies. Major players in the region are focusing on developing innovative NFT-based gaming platforms, with a strong emphasis on regulatory compliance under evolving EU digital asset frameworks. The market is witnessing rising adoption among both indie and mainstream gaming companies, with several collaborations and funding rounds aimed at enhancing NFT-based game development.
Asia Pacific NFT gaming is expected to grow at a CAGR of 26.4% in the forecast period. The gaming NFT market is experiencing significant growth as the companies in this region are embracing the shift towards video and PC games. There is also a rise in AR/VR games which fuels the growth of the market.
The Latin America gaming NFT market is predicted to grow at a CAGR of 25.5% in the forecast period. The gaming NFT market in Latin America is witnessing steady growth with the adoption of blockchain technologies in gaming sector.
The MEA gaming NFT is expected to grow and reach a value of USD 1.3 billion by the year 2034. The gaming NFT market in the Middle East and Africa (MEA) region is experiencing notable growth, driven by a rising gaming community and increased interest in blockchain technologies. According to studies of Academic Journal of Research and Scientific Publishing as of 2023, NFT marketplaces in the Middle East collectively raised approximately $10 million 2022. Additionally, the region's largest art festival, Art Dubai, has dedicated an entire section to digital assets, reflecting the growing integration of NFTs in various sectors, including gaming. This expansion is further supported by the region's youthful population and high digital engagement, positioning the MEA region as a significant contributor to the global gaming NFT landscape.
Gaming NFT Market Share
The gaming NFT market faces competition in the market. The top players in the market are Activision Blizzard, Axie Infinity, Bandai Namco Entertainment, Dapper Labs, Decentraland, Electronic Arts (EA) and they together hold a significant market share of 15 - 20%.
The companies operating in the market of gaming NFT are actively engaging in the forming strategic partnership to elevate its gaming NFT growth. companies compete based on factors such as blockchain infrastructure, game quality, partnerships, and community engagement. Companies are integrating blockchain technology to enhance in-game asset ownership, enabling players to trade, sell, and monetize digital assets securely. Strategic collaborations between gaming studios, blockchain networks, and NFT marketplaces are driving market growth. Leading firms are leveraging interoperability across multiple blockchain platforms to increase accessibility. Additionally, the adoption of sustainable and eco-friendly blockchain solutions is gaining traction. Regulatory developments and evolving consumer preferences also influence the competitive dynamics in this space.
Strategic collaborations and partnerships are emerging to enhance the gaming NFT ecosystem, focusing on interoperability and cross-platform integration. There is a growing trend of investment in blockchain technologies that incorporate smart contracts and decentralized finance (DeFi) elements to enhance security and monetization. Companies are expanding their offerings beyond traditional gaming by integrating NFTs into metaverse experiences, virtual real estate, and digital collectibles.
Gaming NFT Market Companies
Top prominent companies operating in the NFT gaming industry include:
Sky Mavis, the developer of Axie Infinity, is a dominant player in the gaming NFT space, known for pioneering play-to-earn mechanics. The company leverages the Ronin blockchain to facilitate low-cost transactions and improve scalability. Despite facing security challenges, including a major hack, Sky Mavis has focused on strengthening security and expanding its ecosystem. Strategic partnerships and continuous game updates contribute to its competitive positioning, keeping Axie Infinity relevant in the evolving market. For instance, in June 2023, Sky Mavis, the developer behind Axie Infinity, has teamed up with CyberKongz for an Ethereum-based NFT collection. The collaboration includes the launch of the Genkai NFT mint on Mavis Marketplace, the migration of the Play & Kollect game to the Ronin platform, and the creation of a new game featuring Genkai.
As the Gaming NFT market witnesses increasing demand for unique digital assets and immersive experiences, companies are leveraging this trend to introduce innovative solutions. By focusing on blockchain-based ownership, play-to-earn models, and interoperability across gaming ecosystems, these companies aim to enhance user engagement and drive market expansion.
Gaming NFT Industry News:
The gaming NFT market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By NFT Type
Market, By Gaming Platform
Market, By Functionality
Market, By Blockchain Network
The above information is provided for the following regions and countries: