Games are gradually receiving attention in the coding space. The use of blockchain in the development of some gaming platforms is increasing as more people are adopting virtual assets. Also, non-fungible tokens (NFTs) act as a catalyst to speed up users’ participation in virtual games.
While looking at the trend in the gaming industry, which is leaning towards the use of digital assets, Tripple A made shocking statements.
According to Tripple A’s recent ownership data, there will be an uptick in digital assets scattered over virtual games. The data indicated that more than 48.6% of cryptocurrency owners will engage in such spending in the future.
Tripple A Data On Games
The value containing Tripple A data. quoted Shocked the digital community. More than 25.1% of registered asset owners last year used digital assets for online gaming. The data indicated that over the past few years, there has been a rise in online gaming and gambling. Also, an even greater rise is expected in the gaming market by 2027 as it could reach $340 billion.
In terms of players all over the world, there is a shocking record that they made up a third of the world’s population. In the cryptocurrency space now there are some notable gaming companies such as Twitch, Microsoft Xbox, and G2A.
In addition, some online game streaming devices have significantly influenced crypto gambling by joining the digital space. As a result, the overall effect over the past year has attracted more audiences even as controversies escalate.
Also, digital assets as a payment option in the gaming industry have changed some processes. More regulators and players are moving with the new trend, which has led to increased acceptance of digital assets. Also, future forecasting creates broader market opportunities for gaming companies.
Besides the gaming industry, other sectors accept digital assets. These include remittances, e-commerce, and luxury goods. The use of digital assets in remittances is gradually taking the traditional measures. Transferring cryptocurrency is proven to be 127 times cheaper and 388 times faster than traditional options.
Tripple A data further revealed the top five countries with the largest number of cryptocurrency holders. These are the United States, Pakistan, Vietnam, Nigeria and India, with more than 46 million token holders in the United States.
Analysis of the growth and performance of the crypto sector
Additionally, Tripple A data used Bitcoin analysis to estimate the potential profitability that awaits the gaming industry. The data obtained indicates that the leading global cryptocurrency will account for about 47% of the total cryptocurrency market capitalization in 2021.
Also, Bitcoin saw an increase of about 540,000% from 2012 to 2021. The data also examined the cryptocurrency market’s compound annual growth rate (CAGR). Forecasts for 2019 to 2025 indicate a compound annual growth rate of 56.4%.
Featured image from Pixabay, chart from TradingView.com