Latest Analysis Reveals the Bright Future of Blockchain Gaming
- Carleton Nitzsche
- July 24, 2023
- News, Blockchain, Cryptonews, Web3.0
- Blockchain gaming, Crypto, Web3
- 0 Comments
DappRadar’s Q2 2023 analysis highlights blockchain gaming’s shining potential and its significant growth in the industry.
- DappRadar’s Q2 2023 analysis highlights blockchain gaming’s potential, surpassing expectations beyond finance.
- Leading games include Alien Worlds, Splinterlands, and SuperWalk, signaling a strong move-to-earn trend in Q3 2023.
- Blockchain gaming remains a driving force with 36% industry engagement and 699,956 daily active wallets.
- Web3 gaming saw $973 million investments in Q2 2023, with Metaverse projects leading at 44.76%, including Bitkraft’s $221 million token fundraise.
DappRadar’s recent analysis for Q2 2023 highlights the shining potential of blockchain gaming. This exciting industry has surpassed expectations, showcasing its value beyond finance. With a 36% industry engagement and remarkable increases in active wallets for Klaytn and Oasys, blockchain gaming is proving its worth.
If you had to tell me 6 months ago that my blockchain game would be nearing the TOP 10 on DappRadar I’d be laughing, but here we are – Ranked #11 and climbing. It took 5 very long and hard years to get here, but I’m proud to see the work pay off! 🙂
— NFT_Pixels (@nftpixels1) July 21, 2023
Future of Blockchain Gaming
While WAX leads in transactions, Hive has experienced a decline of 49%. On a positive note, DeFi Kingdoms and Klaytn have shown growth, indicating promising progress. Alien Worlds, Splinterlands, and SuperWalk are leading the pack in blockchain gaming, with SuperWalk’s rise signaling a strong move-to-earn trend expected in Q3 2023. Additionally, significant trading volumes of NFTs have been observed, with Gods Unchained taking the lead.
DappRadar’s analysis also reveals interesting insights into the industry. Despite a decrease in market dominance, blockchain gaming remains a driving force, accounting for 36% of total industry engagement, with 699,956 daily unique active wallets (dUAW). This demonstrates the strong presence and popularity of blockchain gaming in the market.
Web3 on the Rise
In terms of investments, web3 gaming projects have seen a total investment of $973 million in Q2 2023. Metaverse projects accounted for the largest share at 44.76%. Notably, Bitkraft’s $221 million token fundraise for its second fund stands out as a significant investment in the industry.
Overall, blockchain gaming offers immense potential for innovation and growth. Its resilience and promising progress are driving the industry forward, making it an exciting space to watch. As the industry continues to evolve, it is important for individuals to conduct their own research and make informed investment decisions.
NOTE: All investment/financial opinions expressed by NFTevening.com are not recommendations. This article serves as educational material. It is always advisable to conduct thorough research before making any investment decisions.