Market Opportunity

Overview

Crypto Chests is strategically positioned in the intersection of the online gaming and cryptocurrency markets, both of which are experiencing significant growth. This unique position allows Crypto Chests to tap into a wide and diverse market.

Total Addressable Market (TAM)

The Total Addressable Market for Crypto Chests encompasses the broader online gaming and cryptocurrency sectors. The global online gaming market is projected to reach over $200 billion by 2023, according to Newzoo's Global Games Market Report. Concurrently, the global cryptocurrency market size is expected to grow significantly, with increasing acceptance and integration of digital currencies in various sectors.

Serviceable Available Market (SAM)

Our Serviceable Available Market zeroes in on the PvP gaming audience and crypto enthusiasts. This segment is particularly lucrative, as Statista reports an increasing number of people investing in cryptocurrencies, reaching over 300 million by 2024. The P2E gaming market, while still emerging, shows considerable promise, with top P2E platforms showing exponential growth in user bases and transaction volumes.

Serviceable Obtainable Market (SOM)

The Serviceable Obtainable Market for Crypto Chests is more specific, targeting medieval-themed PvP gamers and cryptocurrency users interested in P2E platforms. This niche market, while smaller, has a dedicated and growing user base. Our aim is to capture a significant portion of this market by leveraging our unique gaming experience and investment opportunities.

Market Opportunity Analysis

• Growing P2E Market: The P2E gaming sector is rapidly expanding. A report by DappRadar shows that blockchain games experienced a 2000% increase in active users in 2021 alone.

• Increasing Cryptocurrency Usage: With over 100 million cryptocurrency users worldwide and growing, as per a report by Crypto.com, there’s a significant opportunity to attract users interested in combining gaming with crypto investments.

• Mobile Gaming Surge: With mobile gaming revenues expected to surpass $100 billion by 2023, according to Newzoo, the potential for Crypto Chests in the mobile sector is substantial.

• Blockchain Technology Adoption: The increasing adoption of blockchain technology in gaming, as evidenced by the rise in sales of NFTs and blockchain game assets, provides a solid foundation for Crypto Chests' growth.

In summary, the combination of a burgeoning P2E gaming sector, the growing adoption of cryptocurrencies, and the increasing interest in mobile gaming creates a fertile environment for Crypto Chests. By tapping into these trends with its unique offering, Crypto Chests is poised to capture a significant market share in the emerging P2E gaming space.