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<ul><li>Q3 2023 witnessed a $600 million investment, totaling $2.3 billion for the year despite a 38% dip from Q2 2023.</li><li>Major studios like Epic Games and gaming-focused crypto companies face layoffs while Skale and zkSync shine.</li><li>Axie Infinity records the highest NFT transaction volume at $90 million in Q3.</li></ul>According to a recent <a href="https://dappradar.com/blog/state-of-blockchain-gaming-in-q3-2023#Chapter-4" rel="noopener noreferrer nofollow">report</a> by DappRadar, a crypto data firm, the third quarter of 2023 demonstrated the dynamic nature of blockchain gaming. One of the key takeaways of the report was that web3 gaming projects earned $600 million during the quarter, bringing the total for the year to $2.3 billion.This investment figure, although impressive, represents a 38% decrease from the previous quarter, where DappRadar had tracked a staggering $973 million in crypto gaming investment in Q2 2023. Despite slight dips in momentum, blockchain gaming continued to hold its position as a leader in the dApp world. However, the rise of other sectors like social dApps indicates a shift in user engagement dynamics.Studios like Epic Games, Telltale Games, and Team17 have made staff reductions, and even gaming-focused crypto companies like Star Atlas studio ATMTA and Otherside developer Yuga Labs have faced layoffs. Wax maintained its dominance, but Skale and zkSync emerged as rising stars, especially within the gaming community. The entry of new players signals a promising future for Web3 gaming.Read full article at CryptoTale.

Blockchain Gaming Surges as Q3 2023 Sees a $600 Million Boost

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