Cypher Blockchain Whitepaper V1.0
  • Welcome
  • Legal Disclaimer
  • Abstract
  • Introduction
  • Market Overview of Layer 1 Blockchain
  • Cypher Blockchain Validator Program
    • Program Overview
    • DAO Participation
    • Infrastructure to Run a Node
  • Cypher Blockchain: A Layer 1 Blockchain
  • Global Blockchain Solutions Market Insights
  • Market Drivers
  • Market Opportunities for Cypher Blockchain for AAA Level Game Development
  • Network Design
    • Infrastructure
    • Technical framework Design
  • Proof of Engagement {PoE}
    • Exploring Proof Of Engagement (PoE)
    • Importance of PoE
  • Why PoE?
  • Cypher Chain Ecosystem
  • Competitor Analysis: Layer 1 Blockchain
  • Cypher Cloud Gaming
  • Blockchain Gaming Market
  • Competition
  • Blockchain Game Market Dynamics
  • Competitor Analysis: Blockchain Gaming
  • Tokenomics
  • Roadmap
  • Developer Fund
  • Meet The Team
  • Contact Us
Powered by GitBook
On this page

Blockchain Gaming Market

PreviousCypher Cloud GamingNextCompetition

Last updated 2 years ago

The global blockchain gaming market is projected to grow from USD 4.6 billion in 2022 to RUSD 65.7 billion by 2027 at CAGR of 70.3% during the forecast period. The rise in blockchain game investments is driving the growth of the blockchain game market.

A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles. Commissioned by the blockchain platform Stratis and undertaken by insight agency Opinion, the new research surveyed 197 video game developers in the United States and the United Kingdom. The results showed that 58% of developers are beginning to use blockchain technology, and almost half of the respondents (47%) started incorporating nonfungible tokens (NFT).

The study indicates developers’ confidence in blockchain and NFTs, as two-thirds of studios expect blockchain to become prevalent in the gaming industry within the next two years. While 72% of respondents are considering using blockchain and NFTs in upcoming games, more than half (56%) plan to apply the new tech within 12 months.

Source:

https://cointelegraph.com/news/study-58-of-video-game-developers-are-already-using-blockchain
Source:
https://cointelegraph.com/news/study-58-of-video-game-developers-are-already-using-blockchain