Cinema and Cricket – these two words are enough to rouse the spirit of any Indian. Being a country that celebrates the two, it is no surprise that NFTs of Bollywood stars and cricketers are all the rage. In fact, Deloitte Global has predicted that the NFT marketplace for sports media alone has the potential to rake in $2 billion in transactions by the end of 2022!
Adding to the interest is NFT gaming. With around 433 million internet users in India playing online games in 2021, the country has quickly emerged as a booming market for NFT gaming marketplaces.
Changing the Game
According to a study by Finder, 34% of Indian respondents said they have played an NFT game – the highest in the world! India’s huge population of youngsters, especially, are riding the NFT wave as play-to-earn games are gaining popularity. India’s online gaming industry may witness a compound annual growth rate of 40% by 2022, predicts a 2021 report by Deloitte.
Given the fact that boredom and easy access to the internet skyrocketed together during the pandemic, it was a mere eventuality that online gaming would be the go-to. P2E gaming for passive income doesn’t hurt either! And of course, NFT gaming marketplaces for cricket are always welcome here!
Final thoughts
NFT gaming is poised to be the next big thing in the gaming industry and due to the perfect combination of factors, India is one of its biggest markets. NFT marketplaces for games have been quick to see the potential and have made the best use of their dedicated user base.
Now that’s a win-win!
