DappRadar x BGA Games Report #14
GameFi

DappRadar x BGA Games Report #14

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Blockchain Gaming Resilience: $421M Investment Amid Meme Token Hype

DappRadar x BGA Games Report #14
Blockchain Gaming Resilience: $421M Investment Amid Meme Token Hype

Despite a recent downturn in on-chain activity for blockchain gaming, largely due to liquidity shifts towards PEPE and other meme tokens boasting a $1.7 billion market cap, the sector remains promising. With $421 million invested in web3 gaming and metaverse projects, and the latest gaming blockchain SUI experiencing a staggering 3,800% appreciation since its ICO, the future of blockchain gaming seems bright.

Key Takeaways
  • In April, on-chain gaming activity saw a 10% decline with 672,000 daily UAW, yet games maintained a significant 38% share of tracked on-chain activity.
  • Alien Worlds maintains its dominance in recent months, witnessing a 16% growth and reaching 245,653 dUAW, showcasing the game’s enduring popularity.
  • Genopets unveils Bitcoin Babies, a groundbreaking NFT mint on Bitcoin Ordinals, expanding cross-chain functionality and introducing game utility to Bitcoin NFTs for the first time.
  • Virtual worlds experience a sharp 74% decline in trading volume and sales count this month, plummeting to $41.4 million and 16,149 land sales, reflecting a significant downturn in the market.
  • Investments in blockchain games and metaverse projects totaled $421 million in April.
Continue reading our report 👉 HERE 👈
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