Market

A Booming new market

Perhaps the buzziest sector of crypto in the past year was the rise of blockchain gaming, a sector that grew a whopping 2000% in the last year and now accounts for more than half of all blockchain activity. What seemed like an interesting but niche concept back in 2017 when CryptoKitties launched, has rapidly grown into a multi-billion dollar industry mounting a serious challenge to Web2 gaming behemoths.

Games like Axie Infinity, which recently crossed $4 billion in total volume, have demonstrated the potential for blockchain gaming in the future. This growth has continued with an influx of new games, appealing to all different kinds of players and built on different blockchains. Still, many teams entering the space lack deep gaming experience and AAA studios have yet to fully embrace the new industry. As a result, many emergent blockchain games lack high-quality, fun gameplay and are more focused on creating interesting token models and economies.