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New data indicates that the blockchain gaming market is expected to reach hundreds of billions of dollars by 2030, driven by a robust annual increase. 
The <a href="https://crypto.news/tag/blockchain-games/" target="_blank">blockchain gaming</a> sector is on track for significant expansion, with estimates suggesting it could reach $301.5 billion within the next six years, reflecting an annual growth rate of around 68%. 
Analysts at blockchain analytics firm Nansen attributed this surge, in a recent <a href="https://research.nansen.ai/articles/future-of-gamefi-in-web3" target="_blank" rel="nofollow">blog post</a> to the decentralized nature of blockchain technology, which allows players ownership of in-game assets, such as non-fungible tokens and tokens. 
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 <img loading="lazy" decoding="async" width="1019" height="332" src="https://crypto.news/app/uploads/2024/10/udfohgudf.png" alt="Nansen: GameFi market set for $301.5b surge amid ecosystem expansion - 24" class="wp-image-14305507">
 <figcaption class="wp-element-caption">
 In-game economy comparison across Seraph, Illuvium, &amp; Axie Infinity | Source: <a href="https://research.nansen.ai/articles/future-of-gamefi-in-web3" target="_blank" rel="nofollow">Nansen</a>
 </figcaption>
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Among various genres, role-playing games are “particularly well-suited to benefit” from blockchain, the analysts say, due to the genre’s emphasis on character progression. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “RPGs account for 22% of all web3 games, followed closely by action games at 17%.” 
 Nansen 
</blockquote> 
 You might also like: <a rel="" href="https://crypto.news/gamefi-investment-is-surging-blockchain-becomes-a-staple-in-every-title-opinion/"> GameFi investment is surging: Blockchain becomes a staple in every title | Opinion </a> 
Nansen points out that AAA titles in <a href="https://crypto.news/tag/gamefi/" target="_blank">GameFi</a> currently “make up just 1% of web3 games,” adding that AAA and AA games account for 6%, surpassing the 4% mark for traditional web2 AAA and AA titles distributed on Steam, the popular video gaming marketplace. 
<h2 class="wp-block-heading" id="blockchain-game-growth-signals-opportunity-for-traditional-game-devs">Blockchain game growth signals opportunity for traditional game devs</h2> 
The analysts also noted that despite the challenging crypto landscape, daily trading volumes for blockchain games rose nearly 9% in August, with networks like opBNB, Ronin, and Polygon positioned well to support this growth. 
Traditional game developers are also exploring opportunities in web3 gaming. As crypto.news <a href="https://crypto.news/ubisoft-to-launch-its-first-web3-game-on-oasys/" target="_blank">reported</a> earlier, Ubisoft, known for hit franchises like Assassin’s Creed and Far Cry, is entering this space with its tactical role-playing game, Champions Tactics: Grimoria Chronicles, set to launch on HOME Verse, a gaming hub on Ethereum’s layer-2 network, Oasys. 
 Read more: <a rel="" href="https://crypto.news/arbitrum-teams-up-with-ubisoft-to-launch-new-game/"> Arbitrum teams up with Ubisoft to launch new game </a>

Nansen: GameFi market set for $301.5b surge amid ecosystem expansion

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