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According to a recent report by Technavio, the global gaming market is predicted to grow by USD 125.65 billion, expanding at a CAGR of 12.40% from 2020 to 2025. The integration of blockchain technology in gaming apps is a significant contributor to propelling the market forward.
Blockchain-based gaming has revolutionized the digital entertainment industry while also creating never-before-seen opportunities for players across the globe. The burgeoning sector may have only been emerging over the last few years. However, the amount of blockchain-based games has recently been surging, opening up new opportunities for businesses that want to create decentralized gaming apps and gamers who wish to participate in an immersive community.
Blockchain gaming is driving the market forward due to its revolutionary approach to gaming that allows players to monetize their in-game progress and achievements. This is an unprecedented move for the industry, which allows gamers to be rewarded for playing with digital assets that can then be sold on open marketplaces for other cryptocurrencies.
Amidst the many benefits of blockchain gaming, including enhanced security, transparency, and accountability, its rising popularity is also attributed to the sense of community inherent in blockchain gaming.
Without players, games would simply not exist. However, in-game monetisation strategies and the relationship between traditional game publishers and players are often controversial, with the publisher taking most of the profit.
This is how the decentralised nature of blockchain gaming aims to revolutionise gaming. Not only do blockchain game
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