2024

DappRadar

April

Million

Billion

In April, blockchain gaming saw a remarkable surge, with investments totaling $988 million—the highest since January 2021. Additionally, daily unique active wallets in blockchain gaming reached a record 2.9 million.&nbsp;
This information comes from the April blockchain gaming report, released on May 17 by DappRadar in collaboration with the Blockchain Gaming Alliance. This banner month reflects similar upward trends in the broader decentralized applications (Dapp) market.
The <a href="https://dappradar.com/blog/impressive-988m-in-investments-fuels-blockchain-gaming-growth" target="_blank" rel="noopener noreferrer nofollow">report</a> attributes the recent boom to several factors, including renewed consumer interest in digital assets within the gaming sector. It highlights the “play-to-airdrop” trend as a major driver of interest, alongside a buzz in the Web3 industry surrounding new gaming tokens.
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 Crypto prices down last month, but April has been SUPER BULLISH for blockchain gaming 🔥 $988 Million in investments in April alone. 🚀 To quote <a href="https://twitter.com/SamSteffanina?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SamSteffanina</a>: "Web3 gaming is inevitable", and these investments show the dedication and believe in these developments. $988… <a href="https://t.co/AezldcryJ5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AezldcryJ5</a>— nederob.eth 📡 Ro₿ert Hoogendoorn (@Nederob) <a href="https://twitter.com/Nederob/status/1791370996101849418?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 17, 2024</a>
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Ronin’s game “Pixels” led the platform to secure the top spot for the month, overtaking the previous leader, Polygon, which boasts popular games like Matr1x and QORPO WORLD. The success of April is significant, considering the first quarter of 2024 saw $288 million in blockchain gaming investments. April alone nearly quadrupled that figure, falling just $22 million short of $1 billion.
The report also notes positive growth in the metaverse sector. Mocaverse led metaverse-related NFT collections with $8.4 million in trading volume, far outpacing the next closest, Farmland by Pixels, which had $1.48 million. Otherdeed by Otherside also saw substantial trading, hitting $1.02 million.
As per 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.”
The report highlights significant moves by major gaming companies like Ubisoft and Square-Enix, suggesting a promising future. Blockchain gaming has received a significant boost this April,” the authors note, concluding that the sector has “been rejuvenated and seems ready to capitalize on new technologies and innovations.”
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/05/18/box-gamefi-blockchain-gaming-reimagined/" target="_blank" rel="noopener noreferrer nofollow">BOX-GameFi: Blockchain Gaming Reimagined</a>
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Blockchain Gaming Investments Approach $1 Billion in April

The Crypto Times

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