Vavada Banner
BTC $79,715.00 (-2.00%)
ETH $2,281.21 (-2.37%)
BNB $636.30 (-2.03%)
XRP $1.39 (-2.20%)
SOL $88.13 (-1.81%)
TRX $0.35 (+1.84%)
DOGE $0.11 (-4.35%)
HYPE $42.84 (-0.76%)
ADA $0.26 (-1.96%)
LEO $10.37 (+0.26%)
ZEC $569.81 (+1.52%)
BCH $450.13 (-2.42%)
TON $2.73 (+3.57%)
XMR $396.56 (-4.60%)
LINK $9.89 (-1.71%)
CC $0.14 (-1.57%)
XLM $0.16 (-2.19%)
M $3.81 (-2.28%)
LTC $56.48 (-0.86%)
AVAX $9.53 (-1.23%)

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.

Arbitrum DAO Votes to Release $70 Million in Frozen ETH to DeFi United
Next article Arbitrum DAO Votes to Release $70 Million in Frozen ETH to DeFi United
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
BC.game Banner
OKX Banner