đMarketpotential
Last updated
Last updated
Among the most popular GameFi ecosystems is BNB Chain, in which 86% of investors have invested. Other ecosystems are also growing due to technology advancements that help reduce trading fees, increase the number of transactions per second and allow the platforms to build better GameFi applications.
Investor preference for these ecosystems shows that 37% of investors prefer Solana, 33% prefer Ethereum, 32% have invested in Polygon, and 18% put their investments in Avalanche.
The Global Gaming Market was valued at $173.70 billion in 2020 and is expected to reach a value of $314.40 billion by 2026, registering a CAGR of 9.64% over the forecast period (2021 - 2026).
Due to nationwide lockdown, people are staying home, and some are turning to the gaming platforms to pass the time.
These platforms are attracting more than hundreds and thousands of new visitors in online traffic, Video gaming trends have massive surge and player revenue recently
There are lots of NFT Marketplaces in the digital space, But some of the NFT marketplaces are only Top on the market. The Non-fungible tokens are the leader of the digital revolution at the present time.
They have been using a wide range of development methodologies to upgrade themselves. NFTs are unique digital assets that are developed on blockchain technology and they cannot be interchanged or replicated by any means.
These digital tokens represent assets like gaming items, images, domain names, trading cards, videos, artworks, etc. These unique digital tokens are traded on a platform called the NFT marketplace.
NFT marketplace initiates the trading of NFTs in a decentralized manner. There are basically two types of NFT marketplaces; open-type and exclusive-type.
The open-type NFT marketplace trades all types of NFTs and the exclusive-type NFT marketplace trades only a certain type of NFTs.
HyperchainX is fully dedicated to the gaming industry and its history so it falls under an exclusive-type NFT marketplace.
It's indisputable that crypto is making its mark in the gaming industry. The crypto gaming industry has an estimated market revenue of $321 million in 2020 with more than 41.9 million gamers who own crypto.
According to Newswagg's research, 38% of them are Millennials aged between 21-38 years old and they are the biggest age group in this space.
Amongst the gamers who own crypto, 80% of them are interested in using cryptocurrency for gaming purchases and 67% hope there are more opportunities for using cryptocurrency in gaming.
Also big gaming companies like EA sports were in the news that they are looking for blockchain developers and showing that they are moving towards the crypto market.
