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Web3 Gaming Market to grow to $614 billion by 2030: Report

The ecosystem is set to grow by 300 percent in the next seven years.

web3 gaming, blockchain, cryptocurrency, nft, nft trading, role playing games, nft coins / December 20, 2023 / 18:33 IST
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North America currently holds the largest share of the blockchain gaming market but the Asia Pacific (APAC) is not far behind. (Representative Image)

The NFT-based Web3 gaming ecosystem is set to account for nearly $614 billion in revenue by 2030, according to a new insights report.

The Fortune Business Insights report says that the blockchain gaming ecosystem will grow by nearly 300 percent from its current valuation of $154 billion in the next seven years.

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Also read | Blockchain may hold the answer to fixing a $2.2 trillion FX risk 

Players will be able to earn passive income by trading NFT's, and in-game asset sales have grown at a rate of 21.8 percent between 2017 and 2021.