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Web3 Gaming Market Share

Report ID: GMI10209
Published Date: Jul 2024
Report Format: PDF

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Web3 Gaming Market Share

Sky Mavis Pte. Ltd. and Animoca Brands Corporation Limited hold a significant share of over 15% in the market. Sky Mavis Pte. Ltd. and Animoca Brands Corporation Limited hold a significant share of over 15% in the market. Sky Mavis Pte Ltd. is known for developing Axie Infinity. This popular blockchain-based game has gained attention and user engagement. Animoca Brands Corporation Limited is a powerhouse. It has established itself through a diverse portfolio of games and strategic partnerships, and these efforts enhance user experiences, expanding market reach.

Companies, such as Dapper Labs Inc., Decentraland Foundation, Gala Games Immutable Pty Ltd., and Mythical, are pioneers in integrating blockchain technology into mainstream entertainment and sports licensing. They offer scalable solutions for developers to create and launch blockchain games efficiently. Their innovative approaches to blockchain gaming infrastructure drive adoption and innovation in the market. As these players continue to expand their offerings, the market is poised for dynamic growth.

Web3 Gaming Market Companies

Major players operating in the Web3 gaming industry are:

Sky Mavis Pte. Ltd.
Animoca Brands Corporation Limited
Dapper Labs Inc.
Decentraland Foundation
Gala Games, Inc.
Immutable Pty Ltd
Mythical, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of Web3 gaming reached USD 26.38 billion in 2023 and is set to witness over 19.2% CAGR from 2024 to 2032, due to the rising popularity of NFTs.

The virtual worlds game type segment in the web3 gaming industry recorded over 27.5% revenue share in 2023, as they offer immersive expansive environments where players can interact, create, and explore.

The VR/AR device segment in the web3 gaming market is estimated to record over USD 18 billion by 2032, led by the increasing affordability and accessibility of VR/AR devices.

North America market accounted for over 35% share in 2023, owing to strong technological infrastructure and high concentration of blockchain, gaming companies, and tech-savvy gaming population.