Move-to-Earn Games Market Size, Share, Growth, And Industry Analysis by Type (Running, Swimming, Dancing, Cycling, Fitness) by Application (Computers, Phones & Tablets), Regional Forecast To 2031

Updated On: 15 April 2024

Move-to-Earn Games Market Report Overview

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The global move-to-earn games market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Move-to-earn games are a new genre of mobile games that allow players to earn cryptocurrency or other digital assets by playing the game and performing various tasks. The concept is based on the idea that players can earn money by moving around in the real world and completing certain actions within the game. In move-to-earn games, players are typically rewarded for performing actions such as walking, running, or cycling a certain distance, visiting specific locations, or completing various challenges within the game. These actions are tracked using the player's smartphone GPS and other sensors, and the rewards are distributed through the blockchain or other digital payment systems.

The move-to-earn games market has seen significant growth in recent years, driven by the increasing popularity of blockchain technology and the potential for players to earn real-world rewards. One of the main advantages of move-to-earn games is that they offer players a way to earn money while playing games they enjoy. This has led to a growing community of players who are attracted to the potential rewards that these games offer. In addition, move-to-earn games often have a strong social component, with players working together to achieve in-game objectives and earn rewards. Another factor driving the growth of the move-to-earn games market is the increasing interest in blockchain technology and cryptocurrency. Many players are drawn to these games because they offer a way to earn cryptocurrency without having to invest in it directly. The move-to-earn games market size is expected to continue to grow in the coming years, driven by the increasing popularity of blockchain technology and the potential for players to earn real-world rewards.

COVID-19 Impact: The Pandemic Has A Positive Effect On The Market Since More Individuals Are Seeking For Online Alternatives To Make Money And Keep Occupied

The pandemic has led to an increase in the number of people who are spending more time at home, which has resulted in a surge in demand for online entertainment. Move-to-earn games, with their ability to provide players with a sense of accomplishment and reward, have been particularly appealing during this time. Many people have turned to these games as a way to stay entertained, socialize with others online, and potentially earn some extra income. As a result of this increased demand, the market for move-to-earn games has experienced significant growth during the pandemic. This growth has been driven by the rise of blockchain technology, which has made it easier for developers to create games that use cryptocurrency and other digital assets as rewards. In addition to the increase in demand for move-to-earn games, the pandemic has also led to changes in the way these games are played. With many people working and studying from home, players have more time to invest in these games and are willing to spend more money on them. As a result, developers have been able to generate more revenue from in-game purchases, such as virtual items and additional game features. 

Latest Trends

"A Fascinating New Development That Has The Potential To Completely Transform The Market Is The Emergence Of Metaverses Within Move-To-Earn Games"

A new trend is emerging within the move-to-earn games market: the creation of metaverses. A metaverse is a virtual world or universe that is created by combining multiple virtual reality environments into a single cohesive experience. In a metaverse, players can interact with each other and with the environment in real-time, creating a fully immersive and interactive experience. The idea of a metaverse has been around for a while, but recent advances in technology have made it much more feasible to create. With the rise of blockchain technology, developers can create secure, decentralized economies within a metaverse, allowing players to own and trade unique digital assets within the game. This has opened up new possibilities for move-to-earn games, as players can now earn real-world money by participating in the metaverse economy.

One of the most well-known examples of a metaverse is Decentraland, which allows players to create and explore virtual environments, own virtual real estate, and participate in a decentralized economy. Players can earn MANA, the in-game currency, by completing tasks or by buying and selling virtual real estate and other digital assets. The creation of metaverses within move-to-earn games is an exciting new trend that has the potential to revolutionize the gaming industry. By combining the immersive experience of a virtual world with the ability to earn real-world money, these games are offering a new level of engagement and excitement for players. As the technology behind metaverses continues to improve, we can expect to see even more innovative and immersive games in the future. 

Move-to-Earn Games Market SEGMENTATION

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• By type

Depending on move-to-earn games given are types: Running, Swimming, Dancing, Cycling, Fitness. The Running type will capture the maximum market share through 2031.

• By Application

The market is divided in Computers, Phones & Tablets based on application. The global move-to-earn games market players in cover segment like Computers will dominate the market share during 2022-2031.

Driving Factors

"The Financial Incentives That M2E (Move-To-Earn) Games Provide Are One Of The Major Elements Influencing The Market's Expansion"

Via in-game pursuits like completing missions, triumphing in combat, or gathering rare artefacts, these games provide players the chance to gain real-world value. In contrast to conventional video games, which frequently require players to pay for in-game purchases, M2E games let players acquire virtual goods that can then be exchanged or sold for real money. These digital assets might be represented by cryptocurrencies, NFTs (non-fungible tokens), or other real-world-valued digital tokens. Moreover, the economic incentives of M2E games have also attracted investors and entrepreneurs who see the potential for these games to disrupt traditional industries. The use of blockchain technology, which provides a transparent and secure platform for players to earn and trade digital assets, has created a new market for gaming-related businesses and startups. The economic incentives offered by M2E games are a primary driver of the move-to-earn games market growth. They provide players with a new way to earn money through gaming and offer entrepreneurs and investors an opportunity to create new businesses and models. As the popularity of these games continues to grow, it is likely that we will see further innovation and disruption in the gaming industry.

"One Of The Key Elements Fueling The Move-To-Earn (M2E) Gaming Market's Expansion Is The Low Entrance Barrier"

M2E games are video games where players can earn real-world value by completing in-game activities. These games have become increasingly popular in recent years due to their low entry barrier, making them accessible to a wider audience. In traditional video games, players are often required to invest a significant amount of time and money to progress in the game. They may need to buy expensive equipment, unlock levels, or purchase in-game currencies to access new content. This can be a significant barrier for many gamers, especially those who are new to the industry or have limited financial resources. However, M2E games offer a low entry barrier that makes them accessible to anyone with a computer or smartphone. These games often require little to no investment, and players can start earning rewards from the moment they begin playing. This has attracted a new generation of gamers who are looking for ways to earn money while having fun. In conclusion, the low entry barrier is a significant factor driving the move-to-earn games market growth. These games have become popular among casual gamers and those looking for new ways to earn money, thanks to their accessibility and ease of play. As the gaming industry continues to evolve, M2E games are likely to become even more accessible and inclusive, attracting an even broader audience.

Restraining Factors

"The Market Growth For Move-To-Earn Games Is Being Constrained By The Volatility Of Cryptocurrencies, Which Is A Big Factor"

Move-to-earn games allow players to earn cryptocurrency or other digital assets by playing, which has led to their increasing popularity in recent years. However, cryptocurrencies are known for their high volatility, which can have a significant impact on the earnings of players and the viability of the game itself. The unpredictability of cryptocurrency prices can also affect the viability of move-to-earn games. Developers of these games often use cryptocurrencies to incentivize players, but the volatility of these currencies can make it difficult to maintain a stable economy within the game. Sudden price drops can discourage players from continuing to play, which can lead to a decline in the game's popularity and a decrease in the value of the in-game currency. Moreover, the volatility of cryptocurrencies can make it difficult for move-to-earn game developers to budget and plan for the future. The cost of developing a game can be significant, and the revenue generated from cryptocurrency earnings can vary widely based on market conditions. This can make it difficult for developers to invest in the long-term growth of their games and create a sustainable business model. In conclusion, the volatility of cryptocurrencies is a significant factor restraining the move-to-earn games market growth. While cryptocurrencies offer exciting opportunities for players to earn digital assets, the unpredictability of their prices can limit the market's growth potential.

Move-to-Earn Games Market Regional Insights

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"The Industry Will Be Dominated By North America Due To The Growth Of Mobile Gaming And The Rising Popularity Of Games That Let Players Receive Incentives"

The North American move-to-earn games market has seen significant growth in recent years, driven by the rise of mobile gaming and the increasing popularity of games that allow players to earn rewards for their in-game actions. In North America, move-to-earn games are becoming increasingly popular, with many players drawn to the prospect of earning rewards while having fun. This trend is especially prominent in the mobile gaming market, where players can easily access move-to-earn games on their smartphones or tablets. One of the most successful move-to-earn games in North America is "Pokemon Go," which allows players to earn in-game rewards by walking or running in the real world. Another popular game is "Coin Master," which offers players the chance to earn coins by spinning a virtual slot machine. Overall, the North American move-to-earn games market share is expected to continue growing in the coming years, as more players discover the rewards and benefits of these games. As mobile gaming continues to expand and blockchain technology becomes more widely adopted, the move-to-earn games market is likely to become even more prominent in the gaming industry. 

Europe is a thriving market for move-to-earn games, which are games that allow players to earn cryptocurrency or other digital assets by completing in-game tasks or challenges. These games have gained popularity in recent years as blockchain technology has become more widely adopted, and Europe has emerged as a key market for these types of games. One of the key factors driving the growth of the move-to-earn games market share in Europe is the region's highly developed gaming industry. European countries such as Germany, France, and the United Kingdom have long been home to some of the world's leading gaming companies, and there is a strong culture of gaming throughout the region. As a result, there is a large and engaged audience for move-to-earn games, with many players eager to try out new and innovative games that offer the opportunity to earn cryptocurrency or other digital assets. Some of the most popular move-to-earn games in Europe include Axie Infinity, The Sandbox, and Gods Unchained. Overall, the move-to-earn games market in Europe is a dynamic and rapidly evolving sector, with new games and platforms emerging all the time. As blockchain technology continues to mature and gain wider acceptance, it is likely that move-to-earn games will become an increasingly important part of the gaming landscape in Europe and beyond.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• MetaGym (U.S)
• STEPN (Australia)
• Dotmoovs (Estonia)
• Sweatcoin (U.K)
• Genopets (U.S)
• Step App (India)
• OliveX (Hong Kong)
• Calo (Bahrain)
• Digital Fitness (U.S)
• WIRTUAL (Thailand)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.