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Gaming NFT Market Share

Report ID: GMI10172
Published Date: Jul 2024
Report Format: PDF

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Gaming NFT Market Share

Dapper Labs and Axie Infinity hold a significant share of over 15% in the gaming NFT industry. CRYPTOKITTIES, known as Dapper Labs, has been at the forefront of experimenting with NFT in gaming and collectibles. The primary offerings and trading platforms allow users to purchase and sell NFTs for virtual cats and other valuable NBA moments and employ gameplay characteristics combined with collector interest to fuel a secondary marketplace.

Axie Infinity has risen to fame due to the current play-to-earn model video game that involves the creation, battle, and trading of digital creatures called Axies. Based on the contemporary economy, the game’s economic model means players are able to earn actual tokens such as AXS and SLP from fights and other activities, and all items within the gaming world possess real value.

Gaming NFT Market Companies

Major players operating in the gaming NFT industry are:

Dapper Labs
Axie Infinity
Activision Blizzard
Electronic Arts (EA)
Tencent Games
Sony Interactive Entertainment
Nintendo
Epic Games

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of gaming NFT reached USD 3762.2 million in 2023 and is set to witness over 60% CAGR from 2024 to 2032, owing to the growing acceptance and popularity of blockchain technology in the gaming industry worldwide.

Gaming NFT industry from the in-game assets segment is expected to reach over USD 100 billion by 2032, due to virtual goods being elements within games that are concrete, operational, and usable, valuable, and tradeable in other games and commercialized across games and platforms.

North America market held over 30% share in 2023, attributed to the high digital literacy and a technologically inclined population, along with the availability of advanced infrastructure in the region.

Dapper Labs, Axie Infinity, Activision Blizzard, Electronic Arts (EA), Tencent Games, Sony Interactive Entertainment, Nintendo, and Epic Games, are some of the major gaming NFT companies worldwide.