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Italy Gamefi Market

ID: MRFR/ICT/58087-HCR
200 Pages
Aarti Dhapte
October 2025

Italy GameFi Market Research Report By Application (Android, Windows, iOS), By Types of NFTs (Accessories, Lands, Bundles, Runes, Weapons, Outfits, Others), By Model (Free-2-Play, Play-2-Earn) and By Game Type (NFT, Crypto) - Forecast to 2035

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Italy Gamefi Market Infographic
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Italy Gamefi Market Summary

As per MRFR analysis, the Italy gamefi market Size was estimated at 327.0 USD Million in 2024. The Italy gamefi market is projected to grow from 420.23 USD Million in 2025 to 5163.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 28.51% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Italy gamefi market is experiencing a transformative shift driven by innovative models and increasing accessibility.

  • The rise of Play-to-Earn models is reshaping user engagement in the gaming sector.
  • Mobile accessibility is expanding, making gamefi platforms more reachable for a broader audience.
  • The evolving regulatory framework is influencing market dynamics and shaping future developments.
  • Key market drivers include the growing interest in blockchain technology and the rise of competitive gaming, which are fueling investment in game development.

Market Size & Forecast

2024 Market Size 327.0 (USD Million)
2035 Market Size 5163.0 (USD Million)
CAGR (2025 - 2035) 28.51%

Major Players

Axie Infinity (PH), Decentraland (NZ), The Sandbox (FR), Illuvium (AU), Gods Unchained (AU), My Neighbor Alice (SE), Splinterlands (US), CryptoBlades (US)

Italy Gamefi Market Trends

The gamefi market in Italy is currently experiencing a notable evolution, driven by a combination of technological advancements and changing consumer preferences. The integration of blockchain technology into gaming platforms has opened new avenues for monetization and user engagement. Players are increasingly drawn to games that offer play-to-earn models, where they can earn tangible rewards through gameplay. This shift not only enhances user experience but also fosters a sense of ownership among players, as they can trade or sell in-game assets. Furthermore, the rise of mobile gaming has made gamefi more accessible, allowing a broader audience to participate in this innovative sector. In addition, the regulatory landscape in Italy appears to be adapting to the growing gamefi market. Authorities are beginning to recognize the potential economic benefits of this sector, which may lead to more favorable regulations in the future. This evolving environment could encourage investment and innovation, further propelling the market's growth. As the intersection of gaming and finance continues to develop, stakeholders must remain vigilant to emerging trends and consumer demands, ensuring they capitalize on the opportunities presented by this dynamic market.

Rise of Play-to-Earn Models

The play-to-earn model is gaining traction, allowing players to earn rewards through gameplay. This trend is reshaping user engagement and creating new revenue streams for developers.

Increased Mobile Accessibility

Mobile gaming is expanding the reach of the gamefi market, enabling more users to participate. This accessibility is crucial for attracting a diverse player base.

Evolving Regulatory Framework

The regulatory environment is shifting to accommodate the gamefi market. Authorities are recognizing its economic potential, which may lead to supportive regulations.

Italy Gamefi Market Drivers

Rise of Competitive Gaming

The gamefi market in Italy is witnessing a rise in competitive gaming, often referred to as esports. This phenomenon is characterized by organized tournaments and leagues that attract both players and spectators. Recent data suggests that the esports audience in Italy has grown by 20% in the past year, with a significant portion of this audience showing interest in gamefi titles. The convergence of traditional gaming and competitive formats is likely to enhance the visibility of gamefi projects, drawing in new players who are eager to participate in competitive environments. This trend not only increases engagement but also opens up new revenue streams through sponsorships and advertising, further solidifying the gamefi market's position in the broader gaming ecosystem.

Expansion of Digital Payment Solutions

The gamefi market in Italy is benefiting from the expansion of digital payment solutions, which facilitate seamless transactions for gamers. As of November 2025, approximately 60% of Italian gamers prefer using digital wallets and cryptocurrencies for in-game purchases. This shift towards digital payments is likely to enhance user experience and encourage more players to engage with gamefi platforms. The convenience and security offered by these payment methods may also attract a broader audience, including those who are traditionally hesitant to invest in gaming. Consequently, the proliferation of digital payment solutions is expected to drive growth in the gamefi market, as it simplifies the process of earning and spending within these ecosystems.

Increased Investment in Game Development

The gamefi market in Italy is currently experiencing increased investment in game development, particularly in innovative and immersive gaming experiences. Recent reports indicate that venture capital funding for gaming startups in Italy has risen by 25% over the last year. This influx of capital is likely to spur the creation of new gamefi titles that leverage cutting-edge technology, such as augmented reality and artificial intelligence. As developers seek to differentiate their offerings, the gamefi market may see a diversification of genres and gameplay mechanics. This trend not only enhances the overall quality of games available but also attracts a wider audience, potentially leading to higher player retention and engagement.

Growing Interest in Blockchain Technology

The gamefi market in Italy is experiencing a notable surge in interest surrounding blockchain technology. This interest is primarily driven by the increasing awareness of decentralized finance and non-fungible tokens (NFTs). As of November 2025, approximately 35% of Italian gamers express a desire to engage with blockchain-based games, indicating a shift in consumer preferences. The integration of blockchain technology into gaming not only enhances transparency but also allows players to truly own their in-game assets. This trend is likely to attract more developers to the gamefi market, fostering innovation and competition. Furthermore, the potential for players to earn real-world value through gameplay could significantly boost participation rates, thereby expanding the overall market size in Italy.

Growing Community Engagement and Social Features

The gamefi market in Italy is increasingly characterized by growing community engagement and the incorporation of social features within games. Many players are seeking not only entertainment but also social interaction through gaming. As of November 2025, surveys indicate that 45% of Italian gamers value community-driven experiences, which often include multiplayer modes and social networking elements. This trend suggests that gamefi projects that prioritize community engagement are likely to thrive, as they foster a sense of belonging among players. Additionally, the integration of social features may enhance user retention and encourage word-of-mouth marketing, further propelling the growth of the gamefi market in Italy.

Market Segment Insights

By Application: Android (Largest) vs. iOS (Fastest-Growing)

The market share distribution within the Italy gamefi market is notably dominated by the Android platform, which holds the largest segment of users. This dominance can be attributed to the widespread accessibility of Android devices and a diverse range of gaming applications available. In contrast, the iOS platform is emerging with rapid growth, attracting a dedicated user base that values premium gaming experiences and exclusive titles. As such, the competition between these two platforms shapes the gaming landscape in Italy. Growth trends indicate that while Android continues to lead in overall user numbers, iOS is witnessing the fastest growth rate, fueled by increasing consumer investment in high-quality mobile games. Factors driving this growth include enhanced mobile gaming technology, strategic partnerships with developers, and the growing preference for mobile platforms over traditional gaming consoles. As developers focus on optimizing their games for both platforms, the competition intensifies, further driving innovation and expansion within the segment.

Platform: Android (Dominant) vs. iOS (Emerging)

In the Italy gamefi market, Android stands as the dominant platform due to its wide user adoption and versatility. The platform's open-source nature allows for diverse game offerings, catering to various gamer demographics. Conversely, iOS is an emerging player, capitalizing on its strong ecosystem and user loyalty, particularly among players seeking high-quality graphics and immersive gameplay. The closed nature of iOS can suggest a more curated gaming experience, often leading to higher revenue generating opportunities for developers. As the gaming community thrives, the interplay between these platforms continues to evolve, presenting both challenges and opportunities for developers and gamers alike.

By Type of NFTs: Lands (Largest) vs. Accessories (Fastest-Growing)

In the Italy gamefi market, the distribution of market share among various types of NFTs reveals that Lands hold a significant portion, establishing themselves as the dominant choice among gamers. Other types like Accessories, Bundles, and Weapons have their own niches, but they trail behind the substantial grip that Lands have on the market. As digital real estate, Lands are integral to gameplay and player interaction, leading to their strong position in the market. Looking ahead, growth trends indicate that Accessories are emerging as the fastest-growing segment within the Italy gamefi market. Factors driving this trend include the increasing customization options for characters and gameplay experiences. As players seek to personalize their avatars and in-game assets, the demand for unique Accessories is expected to surge. Moreover, game developers are responding with innovative offerings, further propelling this segment's growth dynamics.

Lands (Dominant) vs. Accessories (Emerging)

Lands, as a dominant segment in the NFT space within the Italy gamefi market, represent virtual properties that players can own and develop. Their value stems from scarcity, strategic location, and the potential for generating income within gameplay, which enhances player engagement. Conversely, Accessories are rapidly gaining traction as an emerging segment, appealing to players' desires for customization and individuality. These digital adornments enhance the in-game experience, allowing players to express their unique identities. As the market evolves, the synergy between the stable value of Lands and the innovative appeal of Accessories is likely to shape the future landscape of NFTs in gaming.

By Game Model: Free-2-Play (Largest) vs. Play-2-Earn (Fastest-Growing)

In the Italy gamefi market, the Free-2-Play model dominates, accounting for a significant share of player engagement with its accessible gameplay mechanics. This segment attracts a broad audience by allowing players to start without financial investments, fostering a vibrant community. In contrast, the Play-2-Earn model, while smaller in market share, is rapidly gaining traction, appealing to players interested in monetizing their gaming experience through blockchain techniques and in-game rewards. The growth of the Play-2-Earn segment is driven primarily by the increasing interest in cryptocurrencies and NFTs, alongside the rising demand for innovative gaming experiences. Gamers are increasingly seeking avenues to earn while they play, leading to a notable influx of investment and development in this area, thus driving market expansion. Free-2-Play remains stable, appealing to casual gamers, while Play-2-Earn captures the attention of serious players looking to blend gaming with financial incentives.

Free-2-Play (Dominant) vs. Play-2-Earn (Emerging)

The Free-2-Play gaming model stands as the dominant force in the Italy gamefi market, known for its broad reach and inclusive nature that attracts a diverse player base. This model lowers the entry barrier, allowing players to enjoy games without upfront costs, fostering a strong community and frequent engagement. On the other hand, the Play-2-Earn model, although still emerging, shows tremendous potential as players are incentivized through token rewards, driving a transformative shift in how gaming experiences are perceived. This model appeals to users looking to capitalize on their time spent gaming, positioning itself as an attractive choice for those interested in both entertainment and earning opportunities. As this segment evolves, it will likely continue to reshape the gaming landscape.

By Game Type: Crypto (Largest) vs. NFT (Fastest-Growing)

In the Italy gamefi market, the game type segment is predominantly driven by Crypto games, which command a significant share due to their widespread acceptance and integration into the gaming community. NFTs, while currently smaller in market share, are rapidly gaining traction, appealing to gamers who prioritize ownership and uniqueness in their gaming experience. The growth trends in this segment indicate a shift toward NFT gaming, which is becoming the fastest-growing category. Factors contributing to this growth include increased interest in digital assets, advancements in blockchain technology, and the continuous evolution of gaming mechanics that enhance user engagement and profitability for developers. As awareness and acceptance of NFTs rise, they are expected to carve out a larger slice of the market.

Crypto: Dominant vs. NFT: Emerging

Crypto games represent the dominant force in the Italy gamefi market, characterized by robust ecosystems built around blockchain technology that enables various financial transactions within gaming platforms. The attraction of play-to-earn mechanics and tradeable assets has solidified their appeal among gamers. On the other hand, NFTs are emerging as a notable segment, captivating players looking for unique in-game items and experiences through ownership of digital assets. The evolution of NFTs is expected to challenge traditional gaming models and foster innovative game designs, making them a critical area for investment and development as more players recognize their value.

Get more detailed insights about Italy Gamefi Market

Key Players and Competitive Insights

The gamefi market in Italy is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing consumer engagement. Major players such as Axie Infinity (PH), Decentraland (NZ), and The Sandbox (FR) are at the forefront, each adopting distinct strategies to enhance their market presence. Axie Infinity (PH) focuses on continuous innovation in gameplay mechanics and user experience, while Decentraland (NZ) emphasizes community-driven content creation and virtual real estate development. The Sandbox (FR) leverages partnerships with established brands to expand its ecosystem, thereby enhancing user engagement and retention. Collectively, these strategies contribute to a competitive environment that is both vibrant and evolving, as companies strive to differentiate themselves in a crowded marketplace.

Key business tactics within this market include localized content development and strategic partnerships aimed at optimizing user experience. The competitive structure appears moderately fragmented, with several key players vying for market share. This fragmentation allows for diverse offerings, yet the influence of major companies remains substantial, as they set trends and standards that smaller entities often follow. The interplay between these companies fosters an environment ripe for innovation, as they continuously seek to enhance their platforms and attract new users.

In October 2025, The Sandbox (FR) announced a partnership with a leading fashion brand to create exclusive virtual fashion items within its platform. This strategic move not only diversifies its offerings but also taps into the lucrative intersection of gaming and fashion, potentially attracting a new demographic of users interested in virtual goods. The collaboration signifies a broader trend of integrating real-world brands into virtual environments, enhancing user engagement and creating new revenue streams.

In September 2025, Decentraland (NZ) launched a new initiative aimed at enhancing user-generated content, allowing creators to monetize their virtual assets more effectively. This initiative is pivotal as it empowers users, fostering a sense of ownership and community within the platform. By incentivizing content creation, Decentraland (NZ) strengthens its ecosystem, potentially increasing user retention and attracting new participants who are eager to contribute.

In August 2025, Axie Infinity (PH) introduced a new gameplay feature that incorporates AI-driven elements, enhancing the gaming experience by personalizing interactions based on player behavior. This innovation reflects a growing trend towards integrating artificial intelligence in gaming, which could significantly enhance user engagement and satisfaction. By staying ahead of technological trends, Axie Infinity (PH) positions itself as a leader in the gamefi market, likely influencing competitors to adopt similar advancements.

As of November 2025, the competitive trends within the gamefi market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing their offerings and expanding their reach. Looking ahead, competitive differentiation is expected to evolve, shifting from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the rapidly changing landscape.

Key Companies in the Italy Gamefi Market market include

Industry Developments

In recent months, the Italy GameFi Market has witnessed significant developments, notably the expansion of local players in the blockchain gaming segment. Companies like GameLoft and Nexon have been actively enhancing their offerings to cater to the growing demand for GameFi experiences among Italian gamers. Notably, Italy's regulatory framework is evolving to encompass blockchain technology, which is expected to benefit companies such as Riot Games and Epic Games as they explore partnerships in the region. 

In February 2023, electronic gaming gained further momentum with the launch of state-supported initiatives aimed at fostering innovation in the gaming industry, impacting major players like Ubisoft and Electronic Arts. There are ongoing discussions on mergers and acquisitions, particularly with Activision Blizzard showing interest in potential Italian gaming startups that focus on mobile GameFi applications. 

The market valuation of GameFi companies in Italy has seen a substantial increase, reflecting investors' interest and the appeal of decentralized gaming experiences. Additionally, recent statistics indicate that the GameFi sector in Italy has seen a growth rate of over 20% year-on-year, marking the vibrant future of digital gaming in the region.

Future Outlook

Italy Gamefi Market Future Outlook

The gamefi market in Italy is projected to grow at a 28.51% CAGR from 2024 to 2035, driven by technological advancements, increased user engagement, and innovative monetization strategies.

New opportunities lie in:

  • Development of blockchain-based gaming platforms for secure transactions.
  • Integration of AI-driven analytics for personalized gaming experiences.
  • Expansion of in-game advertising partnerships with brands targeting gamers.

By 2035, the gamefi market is expected to achieve substantial growth and innovation.

Market Segmentation

Italy Gamefi Market Game Type Outlook

  • NFT
  • Crypto

Italy Gamefi Market Game Model Outlook

  • Free-2-Play
  • Play-2-Earn

Italy Gamefi Market Application Outlook

  • Android
  • Windows
  • iOS

Italy Gamefi Market Type of NFTs Outlook

  • Accessories
  • Lands
  • Bundles
  • Runes
  • Weapons
  • Outfits
  • Others

Report Scope

MARKET SIZE 2024 327.0(USD Million)
MARKET SIZE 2025 420.23(USD Million)
MARKET SIZE 2035 5163.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 28.51% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Axie Infinity (PH), Decentraland (NZ), The Sandbox (FR), Illuvium (AU), Gods Unchained (AU), My Neighbor Alice (SE), Splinterlands (US), CryptoBlades (US)
Segments Covered Application, Type of NFTs, Game Model, Game Type
Key Market Opportunities Integration of blockchain technology enhances user engagement and monetization in the gamefi market.
Key Market Dynamics Rising consumer interest in blockchain gaming drives innovation and competition within the gamefi market.
Countries Covered Italy

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FAQs

What is the expected market size of the Italy GameFi Market in 2024?

The Italy GameFi Market is expected to be valued at 340.6 million USD in 2024.

What is the projected market size for the Italy GameFi Market by 2035?

By 2035, the Italy GameFi Market is projected to reach a size of 1020.0 million USD.

What is the compound annual growth rate (CAGR) for the Italy GameFi Market from 2025 to 2035?

The CAGR for the Italy GameFi Market from 2025 to 2035 is expected to be 10.485%.

Which application segment holds significant value in the Italy GameFi Market for 2024?

In 2024, the Windows application segment is expected to hold a significant value at 120.6 million USD.

What is the expected value of the Android application segment in the Italy GameFi Market by 2035?

The Android application segment is expected to reach a value of 300.0 million USD by 2035.

Who are the key players in the Italy GameFi Market?

Key players include GameLoft, Tencent, Wargaming, Nexon, Bungie, Valve, and Ubisoft among others.

What is the expected market value for the iOS application segment in 2024?

The iOS application segment is expected to be valued at 120.0 million USD in 2024.

What growth opportunities exist in the Italy GameFi Market?

Key growth opportunities are anticipated in mobile gaming and the evolving preferences of players.

What trends are emerging in the Italy GameFi Market?

Emerging trends include increased integration of blockchain technology and the rise of play-to-earn models.

What is the expected market size for the Windows application segment in 2035?

The Windows application segment is expected to reach a value of 360.0 million USD by 2035.

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