Gaming

Cryptocurrency information about the Gaming industry

Purpose

Gamers make up almost 1/3 of the world’s population today. It is undeniable that the gaming industry has grown to a size that will heavily influence the future of cryptocurrency. This page aims to provide an in-depth analysis of the key players, their revenues, and their audience in the gaming market in order to identify the market opportunities for gaming companies e.g. Ubisoft, Sony Interactive, Activision Blizzard, Nintendo, Tencent, and any global gaming brands.

Overview of Crypto Gaming Industry

The crypto gaming industry has an estimated market revenue of $321 million in 2020 with more than 41.9 million gamers who own crypto. According to Newswagg’s research, 38% of them are Millenials aged between 21-38 years old and they are the biggest age group.  It is important to note that 55% of Millenial gamers own crypto as compared to just 5% of all Millenials, meaning that gamers are much more likely to own crypto as compared to others.

Amongst the gamers who own crypto, 80% of them are interested in using cryptocurrency for gaming purchases and 67% hope there are more opportunities for using cryptocurrency in gaming. This shows immense potential for crypto to be more involved in the gaming industry.

Global Gaming and Crypto Owners

  • The APAC region has the highest ownership rate with 22.6 million gamers that hold cryptocurrency, followed by Europe with 5.9 million gamers, Middle East & Africa, Latin America and North America regions.

Crypto Gaming Platform Revenue

  • Mobile games generate the highest revenue of $128.4 million (40%), followed by Console games generating $89.9 million (28%), along with Downloaded/Boxed PC games, Tablet games and Browser PC games.

Global Gaming and Crypto Revenue

  • Crypto gamers in the Asia-Pacific region generate the highest revenue of $157.3 million (49%), followed by North Americans with $80.3 million (25%), Europe, Latin America as well as Middle East & Africa. 

Insights

Crypto in gaming is rising quickly in popularity, with top gaming companies like Microsoft Xbox, Twitch and Steam entering the cryptocurrency space.

As more gamers and gaming companies accept cryptocurrency, others in the industry would do well with onboarding such methods swiftly.

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