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NFT Gaming Revenue In Q3 Surpassed $2 billion: Report

Twitter icon  •  Published 2 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.

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Author

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.