According to an annual report from the Blockchain Game Alliance, non-fungible token (NFT) games generated $2.32 billion in revenue during the third quarter of this year. That was about 22% of all NFT trading volume during Q3 2021.

The report surveyed members of the gaming industry from 300 companies in 56 countries around the globe that are part of the BGA. 198 of those companies joined the organization in 2021, symbolizing a 186% growth in memberships.

"With funding flowing, user adoption figures skyrocketing and the world's leading media publications reporting on our rise, this is the most exciting period in blockchain gaming the world has ever seen, and certainly, in the six years that I have been personally involved," said Sebastien Borget, president of the BGA, in the report's introduction. "With the spotlight on blockchain gaming, we have also seen increased scrutiny around issues such as a lack of clear understanding of what blockchain gaming is, the benefits of blockchain gaming for developers and users, the environmental impact of NFTs, and the regulatory gray areas surrounding digital assets."

The number of wallets related to gaming activities increased to 754,000 from 29,563. This marks a 2,453% increase.

(All information was provided by VentureBeat)

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