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Global Play-To-Earn NFT Games Market Size Expected to Reach $8.85 Billion In 2028

PR Newswire - Tue Sep 12, 2023 News Commentary

PALM BEACH, Fla., Sept. 12, 2023 /PRNewswire/ -- Play-to-earn NFT game is a new type of game that allows players to experience the combination of gaming and blockchain. In NFT games, NFTs can be in-game currency, characters, maps, or any other game item. NFTs in NFT games have value in the market, and players can make money by selling these NFTs. Video games have changed the way a generation is entertained. Since Tennis for Two was introduced in 1958, the gaming industry has taken the world by storm. Games like League of Legends, Fortnite, and Minecraft are played by millions of players around the world. For example, the Entertainment Software Association (ESA) predicts that 227 million Americans play video games or about 66 percent of the U.S. population. Covering a wide variety of genres and devices, video games have become a major force in culture and entertainment.  A report from 360 Market Updates projected that the global Play-to-Earn NFT Games market size was valued at USD 3292.73 Million in 2022 and will reach USD 8856.95 Million in 2028, with a CAGR of 17.93% during 2022-2028.   Active Tech Companies from around the markets with current developments this week include:  The NFT Gaming Company, Inc. (NASDAQ: NFTG), Roblox Corporation (NYSE: RBLX), Take-Two Interactive Software, Inc. (NASDAQ: TTWO), Electronic Arts Inc. (NASDAQ: EA), Funko, Inc. (NASDAQ: FNKO).


Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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