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Capturing the Market
The potential of the video gaming, eSport, and traditional sports markets coming together in Web3 is opening new opportunities for implementing blockchain technology.
The rise of digital assets is fundamentally changing how fans experience their favorite sports, offering more meaningful opportunities for engagement and monetization. The gaming industry is experiencing significant growth across mobile, console, and PC, with Play-to-earn (P2E) and metaverse-based gaming emerging as key trends.
The global Metaverse market is expected to reach a value of nearly $280 billion by 2025, driving investment and consumer spending on NFTs. Companies continue innovating in free-to-play and mobile spaces, ensuring that players remain engaged and invested. The growth of NFTs represents an exciting area of the cryptocurrency market, with considerable interest from retail investors.
There is a growing need to engage the billions of sports, esports, and gaming fans worldwide using new technology. A web 3-oriented model that empowers users could enable anyone to experience blockchain gaming while monetizing their skills, in-game characters and performance in a whole new way.