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Blockage gaming has grown by over 2000% from 2021, and GameFi projects constitute over 50% of all blockchain activity. The rising popularity of blockchain gaming is also helping to spread crypto adoption among the masses. The current blockchain gaming market is north of $8 billion, and it’s estimated to grow to over $50 billion by 2025. GameFi uses blockchain, cryptocurrencies, NFTs, and the play-to-earn model to lay the economic foundations of the game. An early example is the Philippines, where after a two-year COVID-19 lockdown, Filipinos found a way to make an extra income playing Axie Infinity.
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