Global Web3 in Gaming Market Size, Share, Statistics Analysis Report By Device (PC/Laptop (Mac OS, Windows, Others), Mobile (Android, iOS, Others)), By Purchase Currency (USD, Ehtereum, USDC, Others), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2025-2034

Report Overview

The Global Web3 in Gaming market size is expected to be worth around USD 131.6 Billion By 2034, from USD 24.11 Billion in 2024, growing at a CAGR of 18.50% during the forecast period from 2025 to 2034. In 2024, North America led the market with over 61.7% share, generating approximately USD 14 billion in revenue. The U.S. Web3 in Gaming market was valued at around USD 14.24 billion, growing at a CAGR of 17.3%.

Web3 in gaming refers to the integration of blockchain technologies into the gaming sector, creating decentralized gaming experiences. This evolution is marked by the use of cryptocurrencies, non-fungible tokens (NFTs), and blockchain to manage game mechanics and digital ownerships, which fundamentally transform how games are played, owned, and monetized.

The Web3 gaming market is emerging as a dynamic segment within the broader gaming industry. It is characterized by rapid growth and the continual influx of new players and developers attracted by the prospects of blockchain technology. This market benefits from the increasing recognition of cryptocurrency and NFTs, which are pivotal in facilitating the trade and ownership of digital assets.

Key drivers of the Web3 gaming market include the increasing familiarity and comfort with blockchain technologies among the general populace and the gaming community. Decentralization offers players real ownership of digital assets and the ability to earn through gaming. The rising popularity of virtual realities and immersive experiences further amplifies the attractiveness of Web3 games​.

Adopting Web3 in gaming offers several benefits. For developers, it enables new monetization methods through tokenization and tradable assets. For players, it ensures greater transparency and fairness, reducing fraud and building trust in transactions. Additionally, the decentralized nature of Web3 can lower transaction and maintenance costs, potentially benefiting users with reduced fees.

Demand in the Web3 gaming market is fueled by players’ desires for more control over their gaming experiences and the value they can derive from them. The trend towards digital ownership and the monetization of in-game assets through blockchain technology are pivotal in driving demand. Furthermore, the seamless experience offered by interoperable gaming assets across different platforms enhances user engagement​.

According to Market.us, The global Web3 market is experiencing rapid expansion, with its valuation projected to exceed USD 6.63 billion in 2024. Over the next decade, the industry is set to grow at a compound annual growth rate (CAGR) of 44.1%, reaching approximately USD 177.58 billion by 2033.

For businesses, Web3 gaming opens up new avenues for revenue through the sale of in-game assets and participation in secondary markets. It also allows for the creation of more engaging and deeply interactive gaming environments, which can lead to higher user retention and increased lifetime value per user​

Key Takeaways

• The Global Web3 in Gaming market size is projected to reach USD 131.6 Billion by 2034, up from USD 24.11 Billion in 2024, growing at a CAGR of 18.50% during the forecast period from 2025 to 2034.
• In 2024, the Mobile segment held a dominant position in the Web3 gaming market, capturing more than 63.7% of the market share.
• The Ethereum segment dominated the Web3 gaming industry in 2024, holding a market share of more than 48.6%.
• North America led the market in 2024, capturing over 61.7% of the market share, amounting to approximately USD 14 billion in revenue.
• In 2024, the U.S. Web3 in Gaming market was valued at approximately USD 14.24 billion, with a CAGR of 17.3%.

Analysts’ Viewpoint

The Web3 gaming sector presents significant investment opportunities, particularly in developing regions and emerging technologies within the gaming space. As the technology matures, investments in companies that lead in innovation, offer new gaming formats, or develop key infrastructure for Web3 gaming are expected to yield high returns​.

Technological advancements are pivotal in shaping the Web3 gaming market. The development of more efficient and scalable blockchain solutions addresses earlier challenges such as high gas fees and slow transaction speeds. Innovations in artificial intelligence (AI) and virtual reality (VR) are also enhancing the immersive experience of Web3 games, making them more appealing to a wider audience.

The regulatory environment for Web3 gaming is complex and varies by country. While some countries are embracing these technologies with favorable regulations, others remain cautious due to concerns about security, privacy, and financial volatility. Companies operating in this space must navigate these regulations carefully to maximize growth and minimize risk​.

U.S. Market Growth

In 2024, the U.S. Web3 in Gaming market was estimated to be valued at USD 14.24 billion. This sector is experiencing a compound annual growth rate (CAGR) of 17.3%.

The Web3 gaming market’s robust growth is driven by the adoption of blockchain technologies, the rise of digital assets like cryptocurrencies and NFTs, and the growing demand for decentralized gaming. These factors are transforming the gaming landscape by creating more secure, transparent, and user-driven economies, appealing to developers and players seeking greater autonomy and ownership of in-game assets.

The expansion of the U.S. Web3 gaming market is driven by technological advancements, particularly the integration of VR, AR, and blockchain technologies. These innovations create more immersive and interactive experiences, potentially boosting user engagement and spending. As these technologies continue to mature, they are expected to drive further market growth, offering significant opportunities for developers, investors, and other stakeholders.

In 2024, North America held a dominant market position in the Web3 in Gaming sector, capturing more than a 61.7% share, amounting to approximately USD 14 billion in revenue. The substantial market share is driven by factors such as advanced technological infrastructure, high blockchain adoption, and significant investments in the gaming industry.

The prominence of North America in this market is also supported by the presence of major technology and gaming companies, which are pioneering the development and integration of Web3 technologies. These companies are investing in blockchain to improve gaming experiences and promote the adoption of cryptocurrencies and NFTs, driving significant revenue growth in the region.

Moreover, the legal and regulatory frameworks in North America are more conducive to the growth of the Web3 ecosystem compared to other regions. The United States and Canada have established relatively clear guidelines regarding digital assets, which provide a stable environment for companies to innovate and expand their Web3 gaming initiatives.

The North American market benefits from strong venture capital support, driving innovation in gaming technologies. This influx of investment aids both startups and established companies, fueling growth. Additionally, the region’s tech-savvy consumer base accelerates the adoption of Web3 gaming products and services.

Device Analysis

In 2024, the Mobile segment held a dominant position in the Web3 gaming market, capturing more than a 63.7% share. This leadership can be attributed primarily to the widespread accessibility and adoption of mobile devices globally.

Smartphones are ubiquitous, offering an easy entry point for gamers into the Web3 space without the need for specialized equipment. Mobile platforms, such as Android and iOS, facilitate a seamless integration of blockchain technologies, allowing developers to reach a vast audience with games that offer decentralized features and digital asset ownership directly through users’ phones.

The mobile segment’s prominence in the Web3 gaming market is driven by advancements in mobile technology. Modern smartphones now offer processing power and graphics capabilities that rival PCs and consoles, enabling them to support sophisticated Web3 gaming experiences, including complex gameplay and high-quality visuals.

The consumer behavior shift towards mobile gaming has also played a critical role in the segment’s growth. Players are increasingly favoring the convenience and flexibility of gaming on-the-go, which mobile devices uniquely offer. This trend is particularly pronounced in regions with high mobile penetration but lower access to PCs or consoles, such as many developing countries.

The mobile gaming market’s structure, with frequent updates and rapid integration of new technologies, fosters the adoption of Web3 innovations like NFTs and cryptocurrency transactions. Continuous improvements in user interfaces and gaming experiences help attract and retain gamers, solidifying the mobile segment’s leadership in the Web3 gaming market.

Purchase Currency Analysis

In 2024, the Ethereum segment held a dominant market position within the Web3 gaming industry, capturing more than a 48.6% share. This leading role can be primarily attributed to Ethereum’s robust infrastructure and widespread adoption.

Ethereum’s dominance in the Web3 gaming market is also bolstered by its strong community support and continuous improvements. The transition to Ethereum 2.0, with its shift to proof-of-stake, promises significant enhancements in transaction speed and energy efficiency, making it even more attractive for gaming applications.

Furthermore, Ethereum has been at the forefront in the integration of non-fungible tokens (NFTs), which are critical to the Web3 gaming market. NFTs on Ethereum allow players to own unique in-game assets that can be verified on the blockchain, providing a level of security and authenticity that is not possible with traditional gaming systems.

Ethereum’s economic ecosystem offers incentives for players and developers through decentralized applications (dApps) and a large developer community. It enables monetization, cross-platform interoperability, and supports a vibrant market for in-game assets, reinforcing Ethereum’s position as the leading currency in Web3 gaming.

Key Market Segments

By Device

• PC/Laptop
  • Mac OS
  • Windows
  • Others
• Mobile
  • Android
  • iOS
  • Others

By Purchase Currency

• USD
• Ehtereum
• USDC
• Others

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Singapore
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Driver

Growing Demand for Digital Ownership and Economic Incentives

The rise of Web3 gaming is significantly propelled by the increasing demand for true digital ownership and economic incentives within gaming ecosystems. Traditional gaming models often restrict players’ control over in-game assets, limiting their ability to monetize gaming activities.

Web3 gaming uses blockchain to give players verifiable ownership of digital assets like NFTs, enabling trade outside the game. This shift empowers players to engage in decentralized economies, turning virtual achievements into real-world value.

Play-to-earn models enhance player engagement by enabling earnings through cryptocurrency or NFTs, connecting gaming with economic benefits. This convergence with decentralized finance (DeFi) attracts a wider audience, fueling the growth of the Web3 gaming market through demand for decentralized ownership and digital scarcity.

Restraint

Regulatory Challenges

The Web3 gaming market faces significant restraints due to regulatory challenges surrounding cryptocurrencies and NFTs. The decentralized nature of blockchain technology often places it in a complex legal landscape, with varying regulations across jurisdictions.

This high taxation impacts players who earn rewards or make in-app purchases in crypto gaming, potentially discouraging participation. Moreover, the lack of clear regulatory frameworks can deter developers from exploring blockchain-based games to their full potential, fearing legal repercussions. These regulatory uncertainties pose challenges to the widespread adoption and growth of Web3 gaming platforms.​

Opportunity

Innovative monetization strategies through DeFi integration

The integration of decentralized finance (DeFi) mechanisms within Web3 games presents a significant opportunity for growth and innovation. By incorporating DeFi elements, developers can create new avenues for player engagement and revenue generation.

Yield farming features enable players to earn additional tokens by providing liquidity, enhancing the game’s economic dynamics. Decentralized marketplaces facilitate peer-to-peer trading of in-game assets, promoting a player-driven economy.

These innovative monetization strategies not only enhance player retention but also attract a diverse player base interested in both gaming and financial incentives. As these models continue to evolve, they are expected to drive further growth and diversification in the Web3 gaming market. ​

Challenge

Product development misaligned with target audience.

A significant challenge in the Web3 gaming market is the misalignment between the target audience and the products being developed. Traditional gamers are primarily motivated by entertainment and progression, investing in in-game items and experiences that enhance enjoyment. In contrast, some Web3 games focus heavily on financial incentives, attracting players with a profit-oriented mindset.

This divergence in player expectations creates challenges for developers aiming to appeal to both audiences. Additionally, complexities associated with blockchain technology, such as wallet management and transaction processes, can hinder onboarding and accessibility for traditional gamers. Addressing this challenge requires a balanced approach that harmonizes engaging gameplay with the unique economic opportunities offered by blockchain technology. ​

Key Growth Factors

• True Ownership of Digital Assets: Players now have genuine ownership of in-game items through blockchain technology, allowing them to buy, sell, and trade assets securely. This shift enhances player engagement and investment in games. ​
• Decentralized Autonomous Organizations (DAOs): Some Web3 games implement DAOs, giving players a voice in game development and governance. This community-driven approach fosters a sense of ownership and aligns the game’s evolution with player interests.​
• Interoperability Across Platforms: Web3 enables assets and identities to move seamlessly between different games and platforms, creating a cohesive and expansive gaming ecosystem that enhances player freedom and engagement.​
• Community Building and Social Interaction: Web3 games emphasize community engagement, allowing players to collaborate, compete, and build social connections, enriching the overall gaming experience. ​
• Innovative Economic Models: The integration of decentralized finance (DeFi) elements in games introduces new economic models, such as staking and yield farming, providing players with additional incentives and ways to participate in the game’s economy.

Market Trends

• Rising Popularity of NFTs: Non-fungible tokens (NFTs) have become integral to Web3 games, allowing players to own unique in-game assets. This trend has contributed to the market’s expansion, with projections indicating substantial growth in the coming years. ​
• Integration of AI Technologies: The convergence of artificial intelligence (AI) and blockchain technology is unlocking new possibilities, from autonomous agents managing smart contracts to optimizing trading strategies and enhancing customer experiences. ​
• Emergence of AAA Blockchain Games: High-quality, AAA blockchain games are entering the market, signaling a shift towards mainstream adoption. For instance, Illuvium, an open-world RPG built on the Ethereum blockchain, offers immersive gameplay experiences, attracting both gamers and investors. ​
• Growth of Play-to-Earn (P2E) Models: Play-to-earn models have gained traction, enabling players to earn cryptocurrency through gameplay. This has led to increased engagement, with some players earning a living salary from participating in games. ​
• Increased Institutional Investment: The Web3 gaming sector is attracting significant institutional investment, with blockchain and Web3 gaming platforms accounting for a substantial portion of high-momentum startups in recent years. This influx of capital is expected to drive further innovation and growth in the industry.

Business Benefits

Web3 gaming offers businesses key advantages by reducing reliance on centralized servers, cutting infrastructure costs, and improving security. The decentralized blockchain ensures secure storage of game data and assets across a distributed network, reducing the risk of data breaches and single points of failure.​

The market also offer innovative monetization strategies. Beyond traditional sales and in-app purchases, developers can earn through transaction fees on NFT marketplaces and royalties from secondary sales. This model creates continuous revenue streams as players trade assets within and outside the game environment. ​

Enhanced player engagement is another benefit. Features like token rewards and the ability for players to create and monetize content lead to better retention rates. When players have a stake in the game’s economy and development, they are more likely to remain active and invested.

Key Player Analysis

Enjin is a blockchain platform known for making it easier for game developers to integrate blockchain technology into their games. Enjin’s platform allows the creation and management of virtual goods through its ecosystem, focusing on NFTs (Non-Fungible Tokens) to create unique in-game assets.

Sky Mavis, Inc. is the developer behind Axie Infinity, one of the most successful blockchain-based games. The company has played a vital role in popularizing the concept of play-to-earn, where players can earn cryptocurrency through gameplay. Sky Mavis focuses on creating a sustainable economy within its games, with a strong community and user-generated content.

Forte Labs, Inc. provides a comprehensive platform for game developers to integrate blockchain technology and monetize their games. Forte’s focus is on building infrastructure that supports digital economies, enabling seamless integration of NFTs, smart contracts, and other blockchain features into gaming.

Top Key Players in the Market

• Enjin Pte. Ltd.
• Sky Mavis, Inc.
• Forte Labs, Inc.
• Immutable Pty Ltd.
• Decentraland Foundation
• Gala Games, Inc.
• Pixowl, Inc.
• Immutable Pty Ltd.
• Sorare SAS
• Dacoco GmbH
• Chain Games, Inc.
• Other Major Players

Top Opportunities Awaiting for Players

The Web3 gaming market is showing substantial promise, with several opportunities ripe for exploration by industry players. 

• Enhanced Player Ownership and Monetization: Web3 gaming enables players to truly own, trade, and sell their in-game assets like NFTs, transforming how value is perceived and managed within games. This shift not only enhances player engagement by providing real economic incentives but also opens new revenue streams for developers as they create games that allow players to earn through play-to-earn models​.
• Technological Advancements for Improved Accessibility: Significant advancements are being made in blockchain technologies, particularly with the integration of Layer-2 solutions which enhance scalability and user experience. This is crucial as it addresses previous barriers such as high transaction costs and slow speeds, thereby making games more accessible and enjoyable on a large scale​.
• Mobile Integration: With the increasing penetration of smartphones and mobile devices, Web3 games that are optimized for mobile platforms are becoming more accessible and user-friendly. This expansion into mobile gaming not only taps into a larger audience but also leverages the ubiquity of mobile devices to enhance gameplay and integrate seamless blockchain functionalities​.
• Cross-Platform Interoperability: There is a growing demand for games that support asset and character portability across multiple platforms. This interoperability can significantly enhance the user experience, providing continuity and additional value to the gaming assets owned by players across different game environments.
• Collaborative Growth Opportunities: As the market evolves, there is significant potential for traditional gaming studios and Web3 developers to collaborate, merging best practices from both realms to create superior gaming experiences. This includes learning from each other’s successes and failures, integrating engaging game mechanics with blockchain’s transparency and security features, and driving mutual growth through shared technologies and markets​.

Recent Developments

• In February 2024, Pixion, a mobile-first Web3 games developer, secured $12.4 million in a funding round led by Delphi Ventures. This investment aims to support the development of their Web3 role-playing game, Fableborne.
• In 2025, Forte Labs acquired Sealance, a company specializing in Web3 compliance solutions. This strategic move aimed to enhance Forte’s capabilities in providing compliant blockchain gaming platforms, addressing regulatory challenges in the Web3 gaming space.
• Recently, Ubisoft released “Champions Tactics: Grimoria Chronicles,” a PC strategy game incorporating NFTs on the Oasys blockchain. Players assemble teams of champions to compete in battles, with each champion represented as a unique NFT.

Report Scope