Market overview of Play2Earn

According to the latest research from Crypto.com and growth estimates for the GameFi and Play2Earn segments, this space has a market capitalization close to $55 billion with millions of daily gamers. This market has experienced exponential growth over the past two years and continues to grow with new projects for an interested audience.

Naavik and BITKRAFT Ventures estimated that the blockchain gaming market will grow at a CAGR of 100%. The traditional gaming market is expected to grow at a CAGR of around 10%. This means that GameFi will grow 10 times as fast as traditional gaming.

In general, we are seeing that the number of gamers playing blockchain games is constantly increasing at a very fast pace. YGG co-founder Gabby Dizon believes that we will see 10M wallets interacting daily with blockchain games before the end of 2022.

However, the full potential of the GameFi industry, including the Play2Earn segment, is yet to be discovered. There is still no decent adoption, and the GameFi community does not even come close to the traditional gaming sector, let alone cybersports. Many newly built games are focused on the experienced audience and not gaming communities.

The project's vision and main goal are to release an exciting game developed with players in mind, support the game mechanics with reliable smart contracts and balance out the rewards based on the player’s skills alone.

The aim of DinoWars 🦖 is not just to create a new battle royale on Play2Earn but to bring a vast audience of new players, build a strong gaming community and top up the blockchain-based game with all the benefits of the traditional Free2Play segment.