P2E NFT games will rise in 2024 and reach $8 billion by 2028

The ever-evolving blockchain gaming space is starting to return to an upward trend after experiencing some minor setbacks over the past few months. Blockchain gaming as a space has grown and developed a lot since its founding in 2017. In this article, we will take an in-depth look at some of the expectations for blockchain gaming this year.

Web3 Gaming Predictions – Opinions from NFT Gaming Experts

In a January 1 blog post, Lamboland, head of growth for the world’s largest Web3 gaming company, shared some insights into the larger blockchain gaming space. According to a cryptocurrency gaming expert, web3 gaming feels like a bubble because many NFT gaming projects are overvalued. But there are still reasons to be optimistic.

Web3 games will surprise you in 2024.

Here’s why it’s seeing the biggest rise among cryptocurrency categories this year 🧵👇

(1/22) pic.twitter.com/CVV2F5XYKt

— Ramboland (@LambolandNFT) January 1, 2024

Fortunately, large game studios are starting to enter the web3 space. Over the past few months, game studios including Zynga, Nexon, Ubisoft, and Square Enix have announced their entry. Additionally, many interesting web3 games are currently being made, and most of the web3 games funded in 2021-22 are expected to be released in 2024.

Additionally, the Epic Games Store has a growing number of web3 games listed. It is also worth noting that more than $19 billion has been invested in web3 games since 2021. Along those lines, many web3 game studios are sitting on a ton of cash right now.

Web3 gaming market size will reach $8.8 billion by 2028

The global play-to-revenue non-fungible token gaming market is expected to grow at a significant rate during the forecast period between 2024 and 2031. Play-to-earn is a type of video game that rewards players for their in-game performance. Utilizes digital assets with real monetary value, such as cryptocurrency tokens and NFTs.

In early November 2023, on-chain analytics firm 360marketupdates.com predicted that the global non-fungible token gaming market size will expand at a compound annual growth rate (CAGR) of 17.93% over the next few years, reaching $8.8 billion by 2028. Gaming will be a major story in this year’s highly anticipated cryptocurrency bull market.

Related NFT News:

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more