If you are a gamer, you are probably playing on a console like X Box. Three main players –Sony Group(NYSE:SONY),NintendoandMicrosoft(NASDAQ:MSFT) — control that market. Then there are the newcomers. They operate in the blockchain universe: the so-called Web3 games. Analysts estimate Web3 gaming's market size at $23.9 billion, about half the size of the console gaming market.
Investors have an upside here, however. Market analysts forecast Web3 gaming compound annual growth rates (CAGR) somewhere between 18.7% to 30%. Console gaming CAGR: 4.8%.
Web3 gaming taps into the cryptocurrency, decentralized blockchain hype. That is what separates them from traditional video games...