Is your favorite game about to go blockchain?

According to a Citi Global Perspectives report, the gaming industry is now the biggest player in entertainment – outpacing film and music with $184 billion global revenue in 2022. And, the future of gaming looks even brighter, thanks to Web3 technology. With 3.2 billion gamers worldwide and over 1 million unique active wallets connected to game decentralized applications (dApps) daily, blockchain’s got the world on lock.

Gamers have always enjoyed playing, but what if they could earn while doing it? What would happen if games like Minecraft and Roblox, instead of just offering mods and cosmetic items, offered real ownership on a blockchain? The added security and longevity that blockchain guarantees can give players greater assurance that their investments are protected. They could trade items freely, and developers could earn royalties on every resale – flipping the script for digital ownership.

This new development is particularly relevant when we consider global gaming trends. Asia continues to lead in mobile and free-to-play games, with North America and Europe in the rearview. By 2025, nearly 100 million “whale” gamers are expected to adopt blockchain games, particularly in South Korea and Japan. Even if only a small fraction of gamers embrace blockchain games, it could substantially move transaction spending from off-chain to on-chain systems. Given gamers’ familiarity with digital ownership and virtual assets, this transition is likely to be smooth.

The potential of this trend is immense, and the synergy between blockchain and gaming incredibly promising. But, for these advancements to truly shine, a solid financial foundation is needed. Luckily, handling the financial intricacies of global gaming markets is a challenge Pixelpai can help you master. Built on distributed technology, we can handle large transaction volumes while meeting the highest regulatory standards. Our deep expertise in digital assets and gaming transactions makes us a unique force in the industry. Beyond just cross-border payments and microtransactions, our infrastructure covers everything from in-game transactions, utility tokens and NFTs to secure digital asset management.

Plus, this expertise extends far beyond gaming. The tokenization of global illiquid assets could become a $16 trillion business by 2030, impacting home equity, bonds, and other financial assets. Tokenized digital securities alone could reach $4 to $5 trillion with prominent digital money formats like CBDCs and stablecoins. As value storage and transfer methods evolve across various sectors, not just in gaming, the broad potential of distributed ledger technology, including blockchain, becomes more apparent than ever, and underscores its power to instigate change across broader economic sectors.

How important is digital ownership in gaming to you?