Blockchain Gaming Investment Fails to Gain Traction in Q3 2023
The post Blockchain Gaming Investment Fails to Gain Traction in Q3 2023 appeared on BitcoinEthereumNews.com. The latest report on blockchain gaming indicates the sector is going cold. Blockchain gaming promoter Blockchain Game Alliance (BGA) and data aggregator DappRadar recently released their quarterly report dubbed State of Blockchain Gaming in Q3 2023. Wax is maintaining its position as the preferred blockchain for games. Gaming Holds Dominance in The Sector Blockchain gaming saw around 800K unique wallet addresses (UAWs) on an average during the quarter. Gaming remains the dominant factor for the decentralized app (dApp) market. Although social dApps were seemingly getting traction, their share in the market has begun declining. Solana saw an over 40 percent decline in transaction count while Skale and zkSync-Era soared to new heights. The report writes, “The blockchain gaming industry’s persistent evolution, coupled with the entry of fresh players like Skale, Base, and zkSync, signals a bright horizon for Web3 gaming. This dynamism makes us highly optimistic about its thriving future.” Alien Worlds, a blockchain game, still holds the highest UAWs, nonetheless, losing a quarter of its user base. SuperWalk and Nine Chronicles gained nearly 80 percent. Splinterlands has the lowest fan base in the category. The report also dives into transaction volumes associated with certain games. Axie Infinity comes out at the top with $90 Million in transaction volume. Alien Worlds slips from best in the above category to worst in this segment, having attained $10 Million. According to the report, “Consequently, it’s tempting to forecast that the next wave in Web3 gaming might very well be dominated by casual gaming studios.” Furthermore, the report also talks about the metaverse. The hype is, in fact, faded from the market. While the trading volume soared from $55 Million to $311 Million in Q1 2023, it again fell to $58 Million in the following quarter. Now, it has declined to even lower…
The post Blockchain Gaming Investment Fails to Gain Traction in Q3 2023 appeared on BitcoinEthereumNews.com.
The latest report on blockchain gaming indicates the sector is going cold. Blockchain gaming promoter Blockchain Game Alliance (BGA) and data aggregator DappRadar recently released their quarterly report dubbed State of Blockchain Gaming in Q3 2023. Wax is maintaining its position as the preferred blockchain for games. Gaming Holds Dominance in The Sector Blockchain gaming saw around 800K unique wallet addresses (UAWs) on an average during the quarter. Gaming remains the dominant factor for the decentralized app (dApp) market. Although social dApps were seemingly getting traction, their share in the market has begun declining. Solana saw an over 40 percent decline in transaction count while Skale and zkSync-Era soared to new heights. The report writes, “The blockchain gaming industry’s persistent evolution, coupled with the entry of fresh players like Skale, Base, and zkSync, signals a bright horizon for Web3 gaming. This dynamism makes us highly optimistic about its thriving future.” Alien Worlds, a blockchain game, still holds the highest UAWs, nonetheless, losing a quarter of its user base. SuperWalk and Nine Chronicles gained nearly 80 percent. Splinterlands has the lowest fan base in the category. The report also dives into transaction volumes associated with certain games. Axie Infinity comes out at the top with $90 Million in transaction volume. Alien Worlds slips from best in the above category to worst in this segment, having attained $10 Million. According to the report, “Consequently, it’s tempting to forecast that the next wave in Web3 gaming might very well be dominated by casual gaming studios.” Furthermore, the report also talks about the metaverse. The hype is, in fact, faded from the market. While the trading volume soared from $55 Million to $311 Million in Q1 2023, it again fell to $58 Million in the following quarter. Now, it has declined to even lower…
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