It is no secret that blockchain technology has revolutionized many sectors including gaming. Besides cryptocurrencies, blockchain gaming and the metaverse are the next big things in blockchain. There has particularly been a rise in play-to-earn (P2E) non-fungible token (NFT) games.
We shall explore the various blockchain gaming statistics including the demographics of crypto gamers, how gaming companies are interacting with blockchain as well as the opportunities that the blockchain gaming market has created. Before delving into the details, here are the key stats:
- Gamers constitute more than 1/3 of the world’s population.
- $2.5 billion was invested in blockchain games in Q2 of 2022.
- Alien Worlds is currently the most popular blockchain game with 229.85k average daily unique active wallets (UAW).
- Splinterlands is the second most popular blockchain game with an average of 171.74k UAW. It is followed closely by Hooked with 137. average UAW.
- 60% of blockchain gamers in the world are men while women only account for 40%.
Blockchain gaming market statistics
1. Blockchain-based game-playing accounted for 52% of all blockchain activity
According to a report by DappRadar titled “DappRadar x BGA Games report,” blockchain game playing has surged by more than 2000% since the start of 2021. Current blockchain gaming activity accounts for 52% of all blockchain activities.
2. Virtual games trading volume decreased by 28.90% MoM between August and September 2022 but enjoy more sales
Virtual world trading volume decreased by 28.90% MoM between August and September to $22 million. However, the number of sales grew by 38.62% MoM to 19,354 showing there is an increase in the demand for these types of projects.
3. There has been a 219% increase in Polygon’s gaming activity since the start of 2022
A rise in the popularity of play-to-earn (P2E) and non-fungible token (NFT) games on Ethereum sidechains has been one of the biggest contributors to the growth of blockchain gaming. Platforms like Pegaxy, Crazy Defense Heroes, Aavegotchi, and Arc8 have spurred a 219% increase in Polygon’s gaming activity since the start of 2022.
4. 40% of blockchain gaming activity occurs on Wax
40% of blockchain gaming activity occurs on Wax. The other two gaming blockchains are Hive, which is the home of Splinterlands, and BNB Chain.
5. Virtual World games NFTs generated a yearly low of $25 million in August
According to a recent report by DappRadar, Virtual World games NFTs generated a yearly-low $25 million in August.
6. Axie Infinity attracted 22K UAW in March despite the $615 million Ronin Bridge hack
Despite suffering a $615 million Ronin Bridge hack, Axie Infinity attracted a considerable number of UAW which stood at 22,000 of the total 1.22 million in March.
On the other hand, activities on the likes of Ronin and BSC have reduced as users try to minimize the risk of investing in volatile chains.
7. Axie Infinity NFT collection saw $4.24 billion in sales in August
According to DappRadar, Axie Infinity has consolidated its on-chain player base with an average daily UAW of 36k. In August, Axie Infinity’s NFT collection saw $4.24 billion in sales.
8. CryptoPunks saw $2.92 billion in August
The report also showed that Axie Infinity sales were closely followed by CryptoPunks which saw $2.92 billion in sales in August.
9. $12 billion will have been invested in the blockchain gaming industry by end of 2022
According to DappRadar, in the first quarter of 2022, over $2.5 billion was invested in the blockchain gaming industry and there is a projection of the investment reaching $12 billion by end of 2022.
10. Blockchain gaming received a $5 billion investment in the first six months of 2022
According to a survey by DappRadar, the blockchain gaming industry received a total of $5 billion in investment in the first six months of 2022.
11. Alien Worlds is the most popular blockchain game in November 2022 with 227.9K UAW
According to DappRadar Alien Worlds is the most popular game in November followed by Splinterlands with 162.87k UAW, Famers World with 74.64k UAW, and Era7: Game of Truth with 27.64k UAW.
12. NFT scaling platform Immutable announced a $500 million venture fund for Web3 gaming
On June 17, NFT scaling platform Immutable made headlines after announcing a $500 million venture fund solely focused on web3 gaming and NFTs.
13. Web3 gaming and metaverse projects raised a whopping $750 million in investment in August 2022
According to a report published by DappRadar at the start of September 2022, Web3 gaming and metaverse projects raised a whopping $750 million in investment In August.
Blockchain gamers statistics
14. 13% of US, UK, and Indonesian residents have played blockchain games
According to data from research by Newzoo and Crypto.com across the United States, Indonesia, and the United Kingdom, 13% of the respondents said that they have at one time played blockchain games.
15. 22% of US, UK, and Indonesian residents do not have an interest in blockchain games
According to the same research, 5% of the respondents were active players while 40% showed interest in playing. Another 22% of the respondents said that they have no interest in playing blockchain games.
16. 60% of blockchain gamers are men
According to the research by Newzoo and Crypto.com In terms of gender distribution, 60% of blockchain gamers are men while 40% are women.
The research also showed that a majority of the players are millennials and Gen Z with mid-to-high income levels. Also, the most played blockchain games are adventure, fighting, shooter, battle royale, and arcade games
17. 34% of blockchain game players play for an extra income
According to research, about 34% of blockchain gamers play to earn an additional income, 30% play to grow their crypto portfolio, 24% play to increase their NFT collection, 23% play for fun and 20% play to explore virtual worlds.
18. 75% of blockchain gamers would like to exchange their virtual assets for currency
According to research done by World Asset eXchange (WAX), 75% of the respondents said that they would wish to sell their virtual assets for a currency that they can use to buy and sell on other platforms.
19. 50% of blockchain gamers in the US own cryptocurrency
According to WAX’s survey, 50% of blockchain gamers in the US own cryptocurrency. 87% have however not used their cryptocurrency holdings in gaming and 80% are interested in using their cryptocurrency to make transactions in gaming.
20. 75% of gamers cited increased ease of use of cryptocurrency in gaming as a major benefit
Blockchain gamers believe there are a lot of benefits to using cryptocurrency in gaming. 75% believe it is easy to use cryptocurrency in gaming while 66% are apprehensive of the heightened security concerns and 49% said it would be better if the processing speed were faster.
21. More than 48% of crypto owners would like to use their crypto holding in gaming
According to research, 48.6% of crypto owners would like it if they were able to use their cryptocurrencies in online gaming or gambling.
22. Japan has the highest number of blockchain gamers
According to a survey done by Finder, 90% of Japanese respondents were blockchain gamers with only 2% identifying as crypto non-gamers. South Africa accounted for the least number of gamers with 71% of the respondents.
Play-to-earn (P2E) NFT gamers’ statistics
23. 52% of gamers around the world do not know any Web3 gaming term
The study by Finder also found that while blockchain gaming was gaining traction across the world, 52% of gamers do not know about Web3 gaming terms. 12% of respondents have however tried a Web3 game.
24. 65% of crypto non-gamers have tried Web3 games
Although gamers as a group aren’t fond of cryptocurrencies 65% of crypto non-gamers have tried their hands on a Web3 game.
25. 7.6% of UK gamers have played NFT games
7.6% of respondents surveyed by Finder in the UK said that they had tried NFT games making to rank at position 23 out of the 26 countries where the survey was conducted. The percentage of NFT gamers in the UK is expected to grow to 15.7% by end of 2022.
26. 9% of men have played play-to-earn (P2E) crypto games
According to a survey, 9% of men have played P2E games compared to 6% of women. This shows that 1.5 times men are more likely to play P2E games compared to women.
The gender gap is expected to increase by the end of 2022 with 19% of men saying they are interested in playing compared to 12% of women.
27. 14% of those aged between 18 and 34
Those aged between 18 and 34 are most likely to play P2E at 14%.
28. 35% of Indians have played P2E NFT games
NFT gaming is most popular in India where 34% of people have played P2E games. The second highest percentage of P2E gamers is in Hong Kong where 29% of people have played a P2E game. The third country is Sweden.
29. The percentage of NFT game players is expected to rise to 15% by end of 2022
The percentage of NFT players is expected to grow from 6% to 15% by the end of 2022 with France expected to see the most growth in NFT games.
Metaverse gaming statistics
30. 13% of gamers participate in the metaverse
According to a report by Newzoo on the metaverse, blockchain gaming, and NFTs, 13 of gamers said that they often interact with other players in the metaverse while 25% occasionally do so.
31. 70% of gamers believe socializing in game worlds would make them play more
70% of gamers aged between 14 and 50 years believe they would play more if they socialized more in-game worlds. This suggests that the metaverse would be a good catalyst in encouraging gamers to participate more in blockchain games.
Conclusion
Hopefully, the above blockchain gaming statistics will give you an insight into the blockchain industry market.
Going by the above statistics, blockchain gaming is projected to be the leading area for blockchain-based Web3 services. Most gaming-related firms like the Australian-based Immutable are attracting the enthusiasm of venture capitalists and the money streaming into the sector proves it.