Sweat Economy

DappRadar

Alien Worlds

Million

Axie Infinity

<div class="watcher-guru"> 
 <p>The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-based block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> gaming industry saw a sharp rise in investments in the month of July. According to a report by DappRadar, the block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> gaming industry received $297 million worth of investments last month, after bleak June investments of $68 million, a rise of 336.7%.</p> 
 <p>However, July investments are still lower than the months prior to June. According to DappRadar, investments in crypto-based blockchain gaming surpassed $400 million for the months of March, April, and May.</p> 
 <p><strong>Also Read: Crypto: Block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> Gaming Industry to Reach $300 Billion by 2030</strong></p> 
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  <img decoding="async" src="https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp" alt="" class="wp-image-106583" style="width: 100%;height:437px" width="700" height="437" srcset="https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 816w, https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 550w, https://cdn.thebittimes.com/images/2023/08/11/8d164c6573702148d2c05f00f66344e3.webp 800w" sizes="(max-width: 700px) 100vw, 700px"> 
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    Source: DappRadar 
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 <p>Despite the drop in investments, block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> gaming continues to dominate the Dapp (decentralized application) industry. According to the report, gaming makes up about 41% of all dapps. Moreover, the sector has 712,611 dUAW (daily unique active wallets).</p> 
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  <img decoding="async" width="816" height="496" src="https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp" alt="" class="wp-image-106586" srcset="https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 816w, https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 550w, https://cdn.thebittimes.com/images/2023/08/11/773846822b6d11271ca51e61ab41e7e4.webp 800w" sizes="(max-width: 816px) 100vw, 816px"> 
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    Source: DappRadar 
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 <p>According to DappRadar’s report, a majority of the investments, 63% or $187 million, in gaming went toward infrastructure. Meanwhile, games and metaverse initiatives received a combined investment of $110 million. The large investments in infrastructure could mean that investors are bullish about future developments in the sector. Gaming is an established multi-billion-dollar industry. Moreover, with web3 initiatives making their way into the mainstream, the crypto-based blockchain gaming industry could prove to be very lucrative within the next few years.</p> 
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 <h3 class="wp-block-heading" id="h-which-crypto-based-blockchain-gaming-titles-are-dominating">Which crypto-based blockchain gaming titles are dominating?</h3> 
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  <img decoding="async" loading="lazy" width="780" height="470" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="P2E" class="wp-image-25972 ewww_webp" sizes="(max-width: 780px) 100vw, 780px" data-src-img="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp 780w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp.webp 550w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 780w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 550w" data-eio="j"> 
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   <img decoding="async" loading="lazy" width="780" height="470" src="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp" alt="P2E" class="wp-image-25972" srcset="https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 780w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/c0c2b9a0ed409c30d5c88a70cfb5bd44.webp 550w" sizes="(max-width: 780px) 100vw, 780px"> 
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    Source: Pixabay 
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 <p>WAX blockchain is still the reigning champion, with 300,325 dUAW in July. The project is known for the popular Alien Worlds game, along with Wombat Dungeon Master&nbsp;and&nbsp;Taco. WAX is followed by BNB Chain with 108,311 dUAW.</p> 
 <p>One takeaway is the rise in movement-based or fitness games. Sweat Economy leads with 730,000+ monthly UAW (mUAW), showing a revival of move-to-earn. Super Walk, a Klaytn fitness social dapp, hit the top 10 with over 68,000 users in the month. Moreover, Alien Worlds, for instance, has shifted to the second spot, while&nbsp;Splinterlands,&nbsp;Upland,&nbsp;Farmers World, and Axie Infinity have held on to their positions.&nbsp;</p> 
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  <img decoding="async" loading="lazy" width="816" height="734" src="https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp" alt="" class="wp-image-106594" srcset="https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 816w, https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 300w, https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 768w, https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 380w, https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 550w, https://cdn.thebittimes.com/images/2023/08/11/e22a4350ab1dad7ec5f7998b960fe38d.webp 800w" sizes="(max-width: 816px) 100vw, 816px"> 
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    Source: DappRadar 
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 <p>Despite the spike in investments, caution is advised by experts like Carlos Pereira, a Bitkraft Ventures Partner. He suggested not overinterpreting the monthly changes. Pereira noted that investment fluctuations could stem from sample size and timing, possibly overlapping significant deals across months.</p> 
 <p><strong>Also Read: Blockchain Gaming Continues to Grow as This Network Commits $20 Million</strong></p> 
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 <p>Nonetheless, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-based block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> gaming is probably here to stay. The industry is expected to hit $300 billion by 2030 as the number of gamers in the world constantly rises.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>blockchain gaming</li> 
  <li>crypto</li> 
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</div>

Crypto: Blockchain Gaming Received $297 Million Funds in July

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