Gaming NFT

Global Gaming NFT Market to Reach US$14.8 Billion by 2030

The global market for Gaming NFT estimated at US$4.7 Billion in the year 2024, is expected to reach US$14.8 Billion by 2030, growing at a CAGR of 21.3% over the analysis period 2024-2030. In-Game Assets Type, one of the segments analyzed in the report, is expected to record a 18.9% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the Collectibles Type segment is estimated at 22.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 28.1% CAGR

The Gaming NFT market in the U.S. is estimated at US$1.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 28.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.4% and 18.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

Global Gaming NFT Market – Key Trends & Drivers Summarized

Why Are Gaming NFTs Transforming the Digital Asset Economy?

Gaming NFTs (Non-Fungible Tokens) have emerged as a revolutionary trend in the gaming industry, redefining the way players own, trade, and monetize in-game assets. Unlike traditional in-game items that are restricted to a single game or publisher, NFTs provide players with verified ownership through blockchain technology, enabling them to buy, sell, and trade digital assets across different platforms. This concept has given rise to a new gaming economy, where items such as skins, weapons, virtual land, and characters hold real-world value. The integration of NFTs into gaming has created a play-to-earn (P2E) model, where players can generate income by participating in blockchain-based games, attracting millions of gamers and investors worldwide.

One of the key factors driving the adoption of gaming NFTs is the decentralization of virtual asset ownership. Previously, players had no control over their in-game purchases, as developers retained authority over digital items. With NFTs, gamers can transfer their assets between games, resell them in open marketplaces, or even use them in metaverse-based experiences. Popular blockchain-based games like Axie Infinity, The Sandbox, and Decentraland have demonstrated the potential of NFT-driven ecosystems, allowing players to earn cryptocurrency rewards by engaging in gameplay. As the gaming industry continues to evolve, NFTs are shaping the future of digital asset ownership, providing a new level of economic opportunity for both developers and players.

How Is Blockchain Technology Enhancing Security and Interoperability in Gaming NFTs?

Blockchain technology is at the core of gaming NFTs, providing enhanced security, transparency, and interoperability in virtual economies. Smart contracts, built on blockchain networks such as Ethereum, Binance Smart Chain, and Solana, ensure that NFT transactions are secure, traceable, and tamper-proof. These contracts automate asset transfers, royalty payments, and in-game transactions, eliminating the need for intermediaries and reducing fraud risks. Additionally, decentralized finance (DeFi) integration allows players to stake, lend, and earn rewards from their NFT holdings, creating new financial opportunities within the gaming sector.

Interoperability has been another game-changing factor for NFT adoption in gaming. Traditionally, digital assets were locked within individual game ecosystems, limiting their usability. However, blockchain-powered NFTs can function across multiple games and platforms, creating a shared virtual economy. Cross-chain compatibility solutions, such as Layer 2 scaling technologies and NFT bridges, are further enhancing the usability of gaming assets across different blockchain networks. With ongoing improvements in blockchain scalability and transaction speed, NFT-based gaming is expected to become more seamless and widely adopted in mainstream gaming experiences.

Which Gaming Segments and Player Demographics Are Driving NFT Adoption?

The rise of play-to-earn (P2E) gaming has been a major catalyst for NFT adoption, attracting players who seek financial incentives while enjoying immersive gameplay. These blockchain-based games have gained immense popularity in regions such as Southeast Asia, Africa, and Latin America, where P2E gaming provides an alternative income source for millions of users. Younger gamers, particularly Gen Z and Millennials, are also driving demand for gaming NFTs, as they are more open to digital asset ownership, cryptocurrency transactions, and decentralized gaming experiences.

Beyond casual gamers, institutional investors and gaming studios are increasingly entering the NFT space, recognizing the potential for long-term growth. Established gaming companies are exploring NFT integration to enhance player engagement and monetize digital assets beyond conventional microtransactions. Additionally, esports organizations and professional gaming leagues are launching NFT collectibles and virtual merchandise, allowing fans to own exclusive digital memorabilia linked to their favorite teams and players. As the adoption of digital ownership grows, gaming NFTs are expected to attract a broader audience, expanding into mainstream gaming communities.

What Key Factors Are Driving Market Growth?

The growth in the gaming NFT market is driven by several factors, including advancements in blockchain technology, increasing demand for digital ownership, and the rise of the play-to-earn gaming model. The expansion of metaverse ecosystems has further accelerated the demand for NFT-based assets, as virtual worlds increasingly rely on blockchain for in-game economies, digital land ownership, and user-generated content monetization. Additionally, the emergence of decentralized autonomous organizations (DAOs) in gaming is enabling community-driven game development, allowing players to have a stake in shaping virtual worlds.

The integration of AI-powered NFT marketplaces, fractional ownership models, and dynamic NFTs that evolve based on gameplay achievements are also contributing to market expansion. Moreover, partnerships between traditional gaming companies and blockchain startups are bridging the gap between mainstream gaming and NFT adoption. As regulatory frameworks for digital assets become more defined, institutional investments in gaming NFTs are expected to increase, further solidifying their role in the gaming industry. With continuous innovation in blockchain infrastructure, gaming NFTs are set to revolutionize digital asset economies, transforming the way players interact with virtual worlds.

SCOPE OF STUDY:

The report analyzes the Gaming NFT market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
NFT Type (In-Game Assets Type, Collectibles Type, Trading Cards Type, Virtual Real Estate Type, Cryptocurrency Tokens Type); Gaming Platform (PC Games Platform, Console Games Platform, Mobile Games Platform, AR / VR Games Platform, Web-based Games Platform); Functionality (Purely Collectibles Functionality, Reward Tokens Functionality, Access Pass Functionality, Utility-based Functionality); Blockchain Network (Ethereum Network, Binance Smart Chain Network, Flow Network, Polygon Network, Solana Network, Other Blockchain Networks)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Animoca Brands
• Dapper Labs
• Decentraland
• Enjin
• Foundation
• Gala Games
• Illuvium
• Immutable
• KnownOrigin
• MakersPlace
• Mintable
• Mythical Games
• OpenSea
• Rarible
• Rarible Protocol
• Sky Mavis
• SuperRare
• The Sandbox
• Yuga Labs
• Zora

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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