Blockchain games saw a total of $988 million invested in April, the highest since January 2021. The number of daily unique active wallets also reached a record 2.9 million in blockchain gaming.
DappRadar, in collaboration with the Blockchain Gaming Alliance, released its April Blockchain Gaming Report on May 17. The sector’s banner wall accompanies similar trends in the overall decentralized application (Dapp) market.
According to the report, the recent gains can be attributed to a number of factors, including renewed consumer interest in digital assets in a gaming context.
“The play-airdrop trend continues to fuel interest in blockchain gaming. Additionally, current buzz in the Web3 industry focuses on the proliferation of new gaming tokens.”
Among blockchain gaming platforms, Ronin’s “Pixels” took first place this month. Leveraging the strength of its game catalog that includes Matr1x and QORPO WORLD, it left former market leader Polygon in the silver slot.
To say that April was a record high for blockchain gaming might be an understatement. In the first quarter of 2024, blockchain gaming investments totaled $288 million. April’s investment alone was $22 million short of more than tripling that amount and reaching $1 billion.
The report also noted that Metaverse began showing positive signs of growth in April. Among the top Metaverse-related NFT collections, Mocaverse metaphorically crushed the competition, recording $8.4 million in trading volume. The next closest by volume was Farmland by Pixels at $1.48 million. Otherdeed’s Otherdeed also surpassed $1 million with trading volume of $1.02 million.
Based on DappRadar:
“Despite facing significant challenges, including the industry-wide impact of 20,000 layoffs, the blockchain gaming sector is showing strong signs of resurgence and growth.”
Additionally, recent moves by gaming industry majors such as Ubisoft and Square-Enix may indicate high upside for the sector. “Blockchain gaming experienced significant growth this April,” the report authors write, before concluding, “The sector appears rejuvenated and ready to take advantage of new technologies and innovations.”
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