As you may know, the gaming industry is no stranger to innovation. And this is seen in how the industry has kept evolving from the pixelated Pong of the 1970s to today’s hyper-realistic open worlds. But that’s not all – other innovations like blockchain have also been gaining traction in gaming.
In fact, a recent survey by Fortune Business Insights valued the global blockchain gaming market at $128.62 billion and projected it to grow by a CAGR of 21.8%, resulting in a $614.91 billion market size. As this innovation has continued to be welcomed in gaming and other industries, token prices have been changing.
A quick look at the Ethereum price reveals how true this is. What was once valued at mere cents now hits highs of more than $2,400 (as of 13/05/2025). But how did we get here, and what can we expect in the coming days? Well, if you have such questions and need answers, reading this article will actually help.
The growing need for improved security
With the rising number of security attacks, no one wants to interact in an environment that could expose them to attacks. And of course, you don’t expect this to be different in the gaming industry. Interestingly, Exploding Topics recently released a study highlighting the number of daily cyberattacks, which has reached 940,000.
In another place, a 2024 report by Assured noted a 50% surge in gaming-related cyberattacks over the past three years. As if that’s not enough, Akamai’s security researchers also noted a 94% rise in web attacks targeting games between Q1 2023 and Q1 2024. Given these statistics, it makes sense to see almost everyone concerned about their security in this sector.
In fact, a good number of gamers will often survey platforms to see whether they are secure before participating. And as a forward-thinking gaming provider, you don’t want to remain indifferent to such preferences, especially now that the industry has become super competitive. That’s why more secure technologies like blockchain have been receiving a massive welcome in gaming.
Blockchain’s decentralized nature helps improve security efforts by eliminating the possibilities of single-point failures associated with traditional infrastructures. Plus, its immutability prevents data manipulation after storage, ensuring data integrity and transparency, which is very important for game developers.
Improving gaming experiences
Let’s consider a racing game like Gran Turismo, for instance. Agreeably, gamers don’t just want to sign up for it to drive and handle the cars – the entire experience also matters. A good example would be how integrating blockchain in such games can transform ownership of in-game assets.
In traditional gaming, you grind for hours and even spend real money, only to have your progress or in-game assets tied to a single account without any resale value. Thankfully, blockchain changes this narrative as players can earn tokens or NFTs with real-world value. They can then trade these features on the crypto marketplace or even use them to make in-game purchases.
REVV Racing is a good example. While it looks and plays like the 3D car racing games you’ve probably played on your console, this game’s cars are NFTs, and play sessions are recorded on the chain. Other examples include Rumble Racing Star, Speed Throne, Nitro Nation World Tour, Motorverse, etc.
Developers also have benefits to reap. The infrastructure’s decentralization allows them to collaborate and develop games without needing large studios and publishers. Developers are now able to access funding and resources that were initially out of reach. For instance, they can launch token sales to gather resources for their projects, making it easy for them to bring innovative game ideas to life.
The power of instant and cheap transactions
Surprisingly, a recent study noted that 78% of consumers claim to be highly satisfied when they receive instant payments. This is not just a popular preference in the broader e-commerce sector - even gamers want to transact instantly and cheaply. Gone are the days when you’d have to wait ages to process your payments. With technology’s improvement, you can complete all this within a few seconds.
And what better way to meet this prevalent need than to implement blockchain-based technologies? Take more robust ones like Solana, for instance. Within just 400 milliseconds, your payments for in-game purchases and asset exchanges are settled.
Plus, smart contracts, which always self-execute when specific conditions are met, can help reduce transaction costs. They do this by eliminating the need for manual intervention and third parties, which can be very handy for both players and developers. It’s no wonder experts expect the smart contract gaming market to hit $31.6 billion by the end of 2025, translating to a 45.6% CAGR during the forecast period.
Through these features, developers can adjust the behavior and attributes of in-game assets, opening up new opportunities for game mechanics and design. Based on the player’s actions, the features can evolve within the game, providing a more immersive gaming environment.
Clearly, it shouldn’t be a surprise that Fortune Business Insights expects the global blockchain gaming industry to grow at this unprecedented rate. With rising concerns about cybersecurity, the industry has been moving towards more secure infrastructures like blockchain.
Plus, there has been a growing need to improve gaming experiences through instant payments and real ownership of in-game assets. If this trend continues, the industry could expand and even exceed these predictions.