The global gaming market continues to experience impressive growth and is projected to reach US$272.86 billion in 2024, and is expected to reach US$426.02 billion by 2029, growing at a compound annual rate (CAGR) of 9. 32% during this period. This growth is driven by increased internet connectivity, the growing adoption of smartphones and the emergence of technologies such as cloud gaming.
RACA is proud to be part of this growing market and was recently chosen by BSC Daily as one of the most popular gaming ecosystems on BNB Chain. This proves that our development around the metaverse and Web3 tools is achieving results and helping to boost the crypto industry as a whole.
Blockchain technology is emerging as a significant trend in the gaming market. Recent data also shows that the gaming market is dominated by adults, who represent the majority of players, driven by advanced game designs and immersive stories. In terms of regions, Asia Pacific leads the global market, followed by North America and Europe. In 2023, Asia-Pacific represented 49% of the total gaming market revenue.
The in-game purchases revenue model has proven highly profitable, allowing developers to monetize free-to-play games by offering additional content, cosmetic items and in-game perks.
The global gaming market is on a path of continuous growth, driven by technological innovations, changes in consumer habits and new monetization opportunities and the RACA ecosystem is part of this great transformation, helping to boost the entire industry. With the evolution of gaming platforms and the adoption of new technologies, the future of the industry promises to be even more dynamic for our entire community.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
