Blockchain Gaming Sees Record Investments and Active Users in April
Blockchain gaming experienced a banner month in April, according to a new report by DappRadar and the Blockchain Gaming Alliance.
Investments reached a staggering $988 million, the highest level since January 2021.
This surge coincides with a record-breaking 2.9 million daily unique active wallets for blockchain gaming.
The report attributes this boom to several factors, including renewed consumer interest in digital assets within the gaming world.
The trend of “play-to-earn” models, where players can earn rewards for their gameplay, continues to fuel excitement.
Additionally, the burgeoning Web3 space, focused on decentralized applications, is contributing to the proliferation of new gaming tokens.
Among blockchain gaming platforms, Ronin’s “Pixels” emerged as the leader in April, surpassing previous leader Polygon with its library of titles like Matr1x and QORPO WORLD.
Hey Farmers, we’ve got some exciting news for you:
— Pixels (@pixels_online) March 27, 2024
Starting tomorrow, you’ll be able to bridge your Pixels Farm Land NFTs to the @Ronin_Network!
This move will allow for the trading of land on the Mavis Marketplace, alongside the launch of NEW ART!
A week from now, we will… pic.twitter.com/1oWWUzYBFF
The report also highlights positive developments in the metaverse sector. Mocaverse, a leading metaverse NFT collection, saw a staggering $8.4 million in trading volume, far exceeding its competitors.
$MOCA Public Sale ended with a BANG 💥
— Mocaverse💼🪐 (@MocaverseNFT) May 2, 2024
✅ US$29.3 million funds pre-deposited
🎉 12x+ oversubscription based on available allocation
👥 17k unique KYC-ed users participated
🐳 US$9.8 million committed for the Whale Category
👁️ 87% NFT Lots secured by Moca NFT holders
🤝 80k… pic.twitter.com/8e6kXEwM5I
Farmland by Pixels and Otherdeed by Otherside also achieved significant trading volumes. Despite facing past challenges, “the blockchain gaming sector is showing strong signs of resurgence and growth”, according to DappRadar.
Recent investments by major gaming companies like Ubisoft and Square-Enix further suggest a promising future for the industry.
The report concludes that blockchain gaming has been “rejuvenated and seems ready to capitalize on new technologies and innovations”.
For more Web3 news, check out the XGA newsfeed.
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