Hello everyone!
This is ZELIX, introducing a new concept of metaverse and creating a multi-ecosystem.
In this guide, we will be introducing you to the decentralized multi-metaverse project ZELIX, and this is the 15th part.
In our previous installment of the Multi-Metaverse Project ZELIX Guide, we provide a detailed explanation of the market conditions and constraints within the DePIN Sector, as well as discuss the imminent direction of the ZELIX ecosystem before user involvement.
In this guide, we will guide you the present condition of the NFT gaming market, its constraints, and provide direction on the future trajectory of the ZELIX ecosystem.
Recent NFT Gaming Market Status
Based on Mordor Intelligence Research, the market size for NFT gaming is projected to be $471.9 billion in 2024 and is anticipated to increase to $942.58 billion by 2029, with a compound annual growth rate (CAGR) of 14.84% over the forecast period (2024–2029).
This is because non-fungible tokens(NFTs) and digital assets have the potential to mirror in-game content and improve blockchain technology within games, while the blockchain networks that facilitate NFTs enable corporate ownership and showcase qualities such as scarcity, interoperability, and immutability.
At present, the global market for Non-Fungible Token(NFT) based gaming is characterized by intense competition and is dominated by significant blockchain companies.
There are also a limited number of prominent competitors who control a significant portion of the market share.
Nevertheless, the industry is observing certain companies expanding their market share by securing new contracts and entering new markets in light of the escalating demand caused by the widespread adoption of blockchain and cloud computing.
The increased prevalence of NFTs has prompted numerous blockchain game developers to establish their own NFT marketplaces for facilitating the purchase, sale, and exchange of in-game assets by businesses.
Consequently, gamers have been able to generate revenue by monetizing their in-game assets on the secondary market, and creators of blockchain games in this sector have found a supplementary revenue stream.
Increased movement to the metaverse is expected to drive market demand
In the future, the NFT Gaming Market is evolving towards a more “Metaverse” concept, prompting pioneers to focus more on a bottom-up strategy of creating games within the NFT ecosystem rather than on NFT interoperability across games.
The trajectory of the NFT market is significant, and its potential is boundless.
The trends outlined will be prevalent in the NFT sector by the year 2023.
The increased adoption by brands and celebrities, coupled with the growing sector of DeFi and NFT-based networks, signifies a transformative era for investors, collectors, and content creators.
Staying informed about these trends is crucial for individuals seeking to take advantage of the growing opportunities in the NFT market.
On the ZELIX Platform, we aim to address the current limitations within the NFT industry in order to enhance efficiency and provide new opportunities for players and investors.
In conclusion
Today, we simply reviewed NFT Gaming Market status & ZELIX Platform.
We will be back with another topic next time.
Thank you.
