Blockchain gamesis challenging the market with increasing investments and the number of Uniquely Active Wallets (UAW) close to 1 million daily.
Blockchain games change the rules of the game by incorporating a new generation of players into the blockchain ecosystem. The size of the traditional gaming industry is estimated at over $175 billion. GameFi With a market value of $6.2 billion, it is barely close to 4 percent of this. Despite this, blockchain games are challenging both the bear market and the gaming industry.
Investments in Blockchain Games Increase
Blockchain focused data and analytics company DappRadardata shows that blockchain gaming is one of the emerging, promising industries of Web3, with 847,230 Unique Active Wallets and $698 million daily transactions.
The real winners during the bear market were blockchain-based games, which have grown close to 10 percent since the first quarter. During the year, investments in blockchain games exceeded $300 million despite the decline in the crypto market.
In the past months, it has increased by 8 percent compared to the previous month. Alien Worldswas the most played blockchain game with a daily average of 205,285 UAWs.
The future of GameFi is described as promising as it brings together the industry’s most innovative concepts and collaborates with traditional game companies.
