On-chain gaming has become one of the fastest-growing industry verticals in the blockchain sector, garnering significant interest from enthusiasts over the years. The prospect of decentralized ownership of in-game assets and getting the ability to trade them outside the gaming world added a new dimension to one of the most exciting tech industries at the moment. As per a recently-published report by Binance Research, the blockchain gaming market witnessed revenues of $7.8 billion in 2023. The industry was predicted to increase at a compound annual growth rate (CAGR) of 70.3% to more than $22 billion by 2025.