A report from Game7 demonstrates that RPGs are the most popular Web3 game type, accounting for 22% of all Web3 games followed by action games at 17%. Additionally, the Web3 GameFi space is witnessing an boost in AAA and AA games, which currently account for only 1% of Web3 games in GameFi but exceed 4% of AAA and AA games on traditional Web2 platform Steam.
Illuvium, Axie Infinity, and Seraph demonstrate the combination of high-quality gameplay and decentralized economic systems.
Blockchain games market experiences rapid growth, with a Compound Annual Growth Rate (CAGR) of approximately 68% between 2024-30 and a projected market size of US$301.5 billion by 2030. This growth is primarily driven by the decentralized nature of blockchain, allowing players to truly own in-game assets such as NFTs and tokens.
While all types of GameFi are expected to flourish over the next decade, role-playing games (RPGs) are particularly compatible with decentralized models. In terms of security, opBNB and Immutable X have not experienced any recorded hacking incidents, while Polygon and Ronin have faced potential vulnerabilities and hacking incidents respectively.
The improvement in blockchain infrastructure, including enhanced transaction capabilities, lower gas fees, and better scalability, creates a positive environment for GameFi projects, especially those with NFT-driven economies and projects with significant social impact. The article also highlights the importance of wallet daily active users (DAWs), TVL (Total Value Locked), and number of games on different blockchain platforms. Overall, the GameFi ecosystem is entering a critical expansion stage, with the potential to reach US$301.5 billion by the end of the decade.
