Nansen: GameFi's market value will grow to $301 billion by 2030

According to a recent report by blockchain analytics firm Nansen, the GameFi ecosystem is entering a critical growth phase, with a market cap expected to reach $301.5 billion by 2030. The report states that growth will be driven by decentralized ownership of in-game assets (homogeneous and non-fungible tokens), with deployment of tokens providing real-world value and financial incentives that traditional gaming platforms cannot match. As a result, Nansen estimates that the industry will experience a compound annual growth rate (CAGR) of 68% over the next six years. The report states that despite overall volatility in the cryptocurrency market, the GameFi industry showed resilience in August 2024, with the number of daily active wallets growing by 8.94%. Improvements in blockchain infrastructure, such as increased transaction capacity, lower gas fees, and improved scalability, are helping the GameFi project thrive. In addition, major blockchain networks such as opBNB, Ronin, and Immutable have attracted attention for their balance of speed, cost-effectiveness, and scalability, attracting developers and gamers.