The Web3 gaming market is about to explode. Projections indicate that it will skyrocket from USD 25.63 billion in 2023 to a staggering USD 124.74 billion by 2032. This growth is driven by a strong compound annual growth rate (CAGR) of 19.34% between 2025-2032. Expected to fuel the majority of this growth is the Asia Pacific region. It will have the highest compound annual growth rate (CAGR) of 21.27% over the period of forecast.

A number of factors stoke this hopeful prospect. The booming trend with NFT-based games and continued advancement of the P2E (play-to-earn) model are contributing factors. The Web3 gaming market is further segmented by type of game including NFT-based games, play-to-earn games, and decentralized games. It further breaks this down by device type, such as PC/desktop, mobile, consoles and VR/AR.

In 2024, the PC/Desktop space captured over 40% of the total market’s revenues. This just highlights how important classic gaming platforms are even within Web3. As of 2024, the Play-to-Earn (P2E) segment led the Web3 Gaming Market, holding an outstanding 39% revenue share. This is indicative of just how captivating games can be when they offer players genuine financial incentives. 2024 Casual Gamers continued to rule the Web3 Gaming Market. They claimed an impressive 40% revenue share, proving their attractiveness goes far past the ranks of hardcore gaming wonks.

Among Games, NFT-Based Games are expected to have the largest growth rate with a CAGR of 20.40% from 2025-2032. NFTs are completely changing the gaming industry by giving players more control and ownership of popular in-game assets and commodities. That fosters new economic development opportunities, which in collaborative fashion dramatically improves the gaming experience itself.

In fact, the U.S. Web3 gaming market is a major driver behind the total market size. In 2024, this value is USD 8.58 billion. By 2032, it is projected to skyrocket to USD 34.64 billion, at a remarkable CAGR of 19.07%. Such impressive growth further highlights North America’s rapidly growing embrace of Web3 gaming.

Key industry players, including Animoca Brands Corporation Limited, Sky Mavis Pte. Ltd., and Dapper Labs Inc., are driving innovation and shaping the future of Web3 gaming. Together, these companies are building the next generation of games, platforms and technologies that are drawing both players and investors in droves.

The Web3 gaming market prediction estimates the future from 2024 to 2032. It leverages past data from 2020 to 2022 as a basis for analysis and future projections. Its rapid adoption of blockchain technology is facilitating new immersive and innovative gameplay experiences, monetization and community engagement.

The Web3 gaming space is moving at lightning speed and it could be hard to keep up. It will face many hurdles including regulatory uncertainty, security fears, and a lack of user education. Addressing these issues will be key to unlocking Web3 gaming’s true potential and securing its long-term viability.