The State Of Crypto Gaming In 2023: Analytics, Trends, And Statistics

The value of the crypto gaming market is projected to reach $20 billion this year, according to the industry's fast expansion. The possibility of earning crypto, the rising desire for immersive and engaging experiences, and the widespread use of blockchain technology all contribute to this expansion.

According to estimates, the worldwide crypto-gaming industry reached a value of $10 billion in 2022. The growing population of crypto enthusiasts suggests that this outstanding figure will continue to rise. By 2023, the number of crypto players is predicted to reach 200 million. This shows that people want to play crypto games, which benefits the industry's future.

The popularity of "play-to-win" games is a major development. Play-for-profit games are those that provide in-game cryptocurrencies to participants. The ability to win real money while playing has contributed to the rise in popularity of these games. Play-to-earn games are likely to remain popular as long as gamers seek new methods to acquire cryptocurrencies.

Furthermore, the expansion of the metaverse is another development that will have an impact on the crypto game sector in 2023. Owing to the enhanced player-to-player and player-to-game interactions possible in this virtual setting, crypto gaming is predicted to expand rapidly into this realm. It is anticipated that the metaverse would also promote industry-wide innovation and cooperation.

Last but not least, another factor that will influence 2023's crypto gaming industry is the maturation of blockchain technology. Improvements in efficiency and scalability are driving the development of new blockchain technology. These advancements will streamline the making and playing of crypto games while empowering programmers to design more intricate and exciting titles.

Cryptocurrency Gaming Leaderboard

In this article, we'll look at the crypto gaming market in 2023 and examine some of the key figures, trends, and firms that are currently making waves.

Fungiball is a dream game that combines professional tennis and NFTs. It was built on the Polygon blockchain. The NFTs in the game are tied to real tennis players, and their value changes based on how well they do in real life. Players can make a character that looks like them, dress it with NFTs, and compete in events to win prizes. In Fungiball, NFTs represent different tennis skills, and their rank is based on how rare they are.

As much as Fungiball is a game, it also has an online platform for buying and selling NFTs and a DAO that lets the community take part in making decisions. You can win Ethereum, NFTs, and other unique prizes when you play the game. Fungiball has a clear plan for how it will grow, and a skilled team, relationships, and licenses back it. The game is expected to come out by the end of the year, and the first sale of 48 NFTs will happen during the French Open in early June. Fungiball is a dream game that combines professional tennis and NFTs. 

Worth mentioning is the first-ever Rugby Web3 game, OVAL3, a result of an innovative idea that merges the worlds of sports, gaming, technology, and finance. With the ability to collect, play, and earn authentic digital cards, the game provides players an unrivaled Rugby gaming journey. In addition, OVAL3 has teamed up with prominent Web3 businesses, including ERA2140, Pyratz Labs, and Markchain, to provide the required technical and promotional backing. The platform also guarantees an unmatched gaming experience for Rugby lovers everywhere with licenses for 42 clubs, over 2,000 players, and three French and US leagues.

In addition to having the best Rugby player in the world as an ambassador and stakeholder, OVAL3 stands apart for many other reasons. Already, the game's marketplace has over 3,000 registered players and a weekly revenue of over $30,000. OVAL3 is planning a token sale in the next few days to develop the Rugby ecosystem token, which is a novel combination of sports, gaming, and financial. The game itself is planned for release next month.

In addition to the list, Blocklords is a strategy game similar to Age of Empires and Crusader Kings. Players can start as characters from different social groups and grow their wealth by fighting with their neighbors or collecting taxes. MetaKing Studios is changing how games are made by putting the community first. Players can play the game, give comments, and work with devs to shape the game's future.

Square Enix, Krafton, Fun Plus, Makers Fund, BITKRAFT, Delphi Digital, Animoca Brands, ShimaCapital, and other big names in the game company, among others, have given $15 million to Blocklords to help it get off the ground. The Community-Beta version of the game is now available, so players can try out its unique features and game rules. Note that players can join the community and get a free in-game hero to work with other players, build their kingdom, and fight off their enemies for free on the platform.

Wrapping up, Ubisoft Lab's My Lovely Planet is a mobile game with a novel concept that integrates gaming with real-world impact. Players transform into Lovely Protectors and construct a verdant island while defending it. The minigames in the game allow players to earn seeds, vouchers, and stars, which can be used to plant trees and acquire new scenery elements and construction spaces. Every tree planted in the game establishes a tree in the real world, making the experience exceptional and fulfilling.

With a 4.7 rating on both the App Store and Play Store, My Lovely Planet has amassed an active participant base of 8,000 and a subscriber base of 30,000. In addition to providing entertainment, the game's mission is to create a community of 100 million participants by 2030 who will plant one billion trees, remove one million tons of ocean debris, and protect forty thousand endangered species. My Lovely Planet has won the Unity For Humanity award for its impact and is planning a token sale to expand the game's reach.

By and large

The cryptocurrency gaming industry is poised for a significant breakthrough this year, driven by a multitude of factors. With a projected value of $20 billion, the sector is experiencing rapid growth due to the surging popularity of cryptocurrencies, the growing demand for immersive gaming experiences, and the widespread adoption of blockchain technology. The companies mentioned above have garnered attention for their potential to reshape the gaming landscape. Conducting thorough research and exploring their offerings is highly recommended to stay informed and take advantage of the evolving opportunities in this dynamic industry.

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This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.