Blockchain Gaming Sees $500M Investment

T

he blockchain gaming industry has seen a tremendous inflow of investments totaling $534 million between October and November this year. In addition, almost half of all blockchain activity is associated with gaming.

According to DappRadar's report, the blockchain gaming sector has witnessed lower activity since June; however, it has still managed to raise a significant amount of money and thus proven its resiliency.

The most popular games right now are Alien World and Splinterlands, with more than 225,000 In-game NFTs. The blockchain gaming market is also somewhat connected to the much larger NFT market, with many NFTs being used for various purposes within games. Finally, those two game spaces saw 151,000 daily UAWs registered last September.

As DappRadar reported, in-game NFT trading hit an all-time high of $55 million just within the span of two months. Out of the many available game options that use NFTs, Gods Unchained was dominating the market with a 64.25% stake during October and November.

The report concluded that “Blockchain gaming’s future is bright, and it is on track to become the frontrunner for Web3.”

Mike

An editor at Coincrop

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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.