Metaverse in Crypto Gaming Market to Witness Robust Expansion by 2028

Shubham Bhande
Published on Aug 04, 2023

The size of the global Metaverse in Crypto Gaming Market was notably strong in 2020 and is projected to experience a rapid growth rate in terms of revenue throughout the forecast period. Factors such as the growing popularity of play-to-earn games, increasing awareness of cryptocurrencies, substantial investments in blockchain gaming companies, and a growing user base in the gaming industry worldwide are expected to continue driving the growth of market revenue. Additionally, the rapid expansion of the blockchain gaming sector, the emergence of numerous projects centered around the metaverse, and the increasing popularity of cryptocurrencies within the metaverse are anticipated to further fuel the market's revenue growth.

The concept of the metaverse is gaining traction as an enduring, online, three-dimensional universe consisting of multiple virtual spaces, and is considered the future evolution of the Internet, enabling users to meet, work, game, interact, and socialize within these three-dimensional environments. While the metaverse is still in its early stages, various cryptocurrency projects are focused on developing this virtual space. Within the metaverse, users can engage in blockchain-based games, with cryptocurrencies serving as utility tokens. Digital assets like cryptocurrencies, built on blockchain technology, are expected to present a viable alternative to traditional fiat currencies and have the potential to completely replace them within the next decade. Many games within the metaverse incorporate blockchain technology, cryptocurrencies, and non-fungible tokens (NFTs) into their environments. Crypto metaverses, such as Decentraland, The Sandbox, Axie Infinity, Cryptovoxels, and Alien Worlds, offer immersive virtual worlds with significant social and financial potential. These crypto metaverses provide users with innovative ways to play, invest, interact, and earn. Moreover, the ability of crypto metaverses to facilitate interaction and interoperability among different metaverse games can further drive the growth of the blockchain gaming ecosystem and integrate it into the global economy. The increasing popularity of Non-Fungible Tokens (NFTs) and in-game currencies in play-to-earn games is also expected to contribute to the market's revenue growth in the future.

Get a sample of the report @  

The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in RD activities are expected to boost market growth during the forecast period.

Competitive Landscape:

Competitive landscape of global Metaverse in Crypto Gaming market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.

some leading companies operating in the global Metaverse in Crypto Gaming market:

  • Ubisoft
  • Sky Mavis
  • Decentraland
  • Mythical Games
  • Forte
  • Enjin
  • Voxie Tactics
  • Bright Star
  • The Sandbox
  • FoundGame
  • Tencent
  • NVIDIA Corporation
  • Microsoft Corporation

Type Outlook (Revenue, USD Billion; 2018-2028)

  • Play-to-play
  • Free-to-Play
  • Play-to-Earn

Blockchain Platform (Revenue, USD Billion; 2018-2028)

  • Ethereum
  • Enjin
  • Polygon
  • Solana
  • WAX
  • EOS
  • Echo
  • Others

Application Outlook (Revenue, USD billion; 2018-2028)

  • Smartphone Games
  • Console Games
  • PC Games
  • Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customized copy of the report @

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Get Explore Latest Research Report by Reports and Data:

Robotic Process Automation (RPA) Market @

Smart Meters Market @

Loyalty Management Market @

On-Highway Vehicle Lighting Market @

Webcams Market @

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web:

Direct Line: +1-212-710-1370


Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @

Browse More Latest Reports @