OKX Banner
BTC $63,951.00 (+0.90%)
ETH $1,871.77 (+0.00%)
BNB $591.43 (+0.60%)
XRP $1.08 (+0.00%)
SOL $74.06 (+0.90%)
TRX $0.33 (+0.50%)
HYPE $54.26 (+3.70%)
DOGE $0.07 (-0.10%)
LEO $9.75 (-0.10%)
RAIN $0.01 (+0.30%)
ZEC $486.97 (+3.50%)
ADA $0.19 (+2.70%)
XMR $361.34 (-0.30%)
LINK $8.26 (-1.20%)
XLM $0.17 (-1.50%)
CC $0.11 (-2.20%)
BCH $213.50 (+0.20%)
GRAM $1.41 (-0.60%)
USDG $1.00 (+0.00%)
LTC $44.27 (-1.70%)

NFT Gaming Revenue In Q3 Surpassed $2 billion: Report

Twitter icon  •  Published 4 years ago on December 22, 2021  •  Hassan Maishera

A new report has revealed that NFTs in the gaming sector recorded a trading volume of $2.3 billion in the third quarter of 2021.

NFT Gaming Revenue In Q3 Surpassed $2 billion: Report

A report published by the Blockchain Gaming Alliance revealed that nonfungible tokens (NFTs) generated $2.3 billion in revenue for the gaming industry in the third quarter of the year. 

The total NFT trading volume for Q3 was over $10 billion and the gaming industry accounted for more than 22% of it, the report added. Metaverse-related activity was also mentioned in the report, revealing that virtual land sales surpassed $42 million in the previous quarter. 

Micro-transactions and in-game purchases have created a multi-billion dollar gaming industry that could tap into NFTs and blockchain technology.

Orbs Launches OIP-9 to Establish DAO and Community Governance Framework
Next article Orbs Launches OIP-9 to Establish DAO and Community Governance Framework
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
Cybet Banner
OKX Banner