24/7 Cryptocurrency News

Gaming Industry To Value $340 Bln By 2027; Crypto Play Vital Role

Triple A’s data has shown that in future 48.6% of crypto owners will consider spending cryptocurrency on online gaming or gambling.
Published by
Gaming Industry To Value $340 Bln By 2027; Crypto Play Vital Role

Triple A’s latest crypto ownership data has made some startling revelations that might amaze the crypto community. Triple A’s data has shown that in the future 48.6% of crypto owners will consider spending cryptocurrency on online gaming or gambling.

This is greater than 25.1% of crypto owners who had used cryptocurrency for this purpose, last year. It is to be noted that online gaming or gambling has witnessed a boom in the last few years, and the gaming market is anticipated to reach a value of US$340 billion by 2027. This has come at a time when the heavy presence of crypto-gambling on Twitch streamers for over a year, is attracting more audiences and garnering increasing controversy. 

Gamers constitute over 1/3 of the total population in the world. The top gaming companies which have entered the cryptocurrency space include – Microsoft Xbox, G2A, and Twitch.
Be it in terms of mode of payments or gamefi, Cryptocurrency has changed the gaming industry a great deal. A close analysis of the industry thus tells us that gaming companies will see a vast market opportunity in the coming years given the increased acceptance of cryptocurrencies among gamers and the organisers.

Advertisement

Bitcoin price up by 540,000% from 2012 to 2021

Triple A’s data shows that Bitcoin’s price has jumped as high as 540,000% between 2012 to 2021. Bitcoin also constituted 47% of the total market capitalization of cryptocurrencies in 2021. 

This apart, the cryptocurrency market is forecasted to grow with a compound annual growth rate (CAGR) of 56.4% from 2019 to 2025.

Advertisement

US holds highest number of crypto holders

As per the data, the top five countries basis of the highest number of crypto holders include the US, India, Pakistan, Nigeria, and Vietnam. The United States top the list with 46,020,521 crypto owners. 

In addition to the gaming industry, other prominent sectors which accept cryptocurrency include E-commerce, luxury goods, and Remittance. It is believed that Crypto remittance is 388 times faster and 127 times cheaper compared to traditional remittance methods.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025