About GameFi Token
GameFi tokens are cryptocurrencies available on play to earn video games which uses Blockchain technology and are fueled by cryptocurrencies and NFTs. The tokens are designed to work as full-fledge cryptocurrencies. That means players can theoretically convert in-game winnings into cash on a slew of decentralized exchanges. GameFi tokens share the volatility common to cryptocurrencies not pegged to a traditional currency.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 28.5% |
Global GameFi Token is a fragmented market due to the presence of various players. The players are investing more in mergers and acquisitions to enhance their market presence. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Decentraland (Argentina), PIXOWL INC. (United States), TRON (China), Sky Mavis (Vietnam), Gala Games (Japan), Enjin (Singapore), Defi Kingdoms (United States), Illuvium (Australia), Binance Labs (China) and WIN NFT HORSE are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global GameFi Token market by Type (In-game Currency and Governance Currency), Application (Game and Investment) and Region.
On the basis of geography, the market of GameFi Token has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Popularity of GameFi over the Globe
Market Growth Drivers:
Increasing Investment in Blockchain Gaming
Restraints:
GameFi Items are more expensive than Traditional Games
Opportunities:
Growing Innovation in Cryptocurrency Trends
Market Leaders and their expansionary development strategies
In June 2023, Digital Entertainment Asset Pte. Ltd. (DEA), a Singapore-based global blockchain entertainment company and owner of the popular PlayMining GameFi platform, has announced a partnership with Oasys, a blockchain gaming platform from Japan.
On 1st November 2021, TRON's Fist GameFi Project WIN NFT HORSE announced the launched the first IGO in a collaboration with Binance NFT through blind box sales. WIN NFT HORSE has incorporated more mechanisms to shower players with opportunities to earn profits during the game.
Key Target Audience
GameFi Token Developer, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.