Gaming and Web3.0 – A positive change towards the economy

With the development of technology, Web3 has transformed the gaming industry. According to grandviewresearch, it has significantly demonstrated a paradigm change in this industry with an estimated market size value of USD 220.79 billion in 2022 and is expected to reach USD 583.69 billion, with a CAGR of 12.9% over the next eight years from 2022 to 2030.

The terms “web3” and “metaverse” are currently very popular in the tech community. According to Crunchbase, which cites recent funding rounds like Polygon Technologies and Alchemy for a combined $650 million, the hunger among investors has caused a “cascade” of investment into blockchain platforms. Gaming is one industry sector that is getting more attention than most.