HomeBlockchainInvestments in blockchain gaming nearly hit $1 billion in April

Investments in blockchain gaming nearly hit $1 billion in April

-


Blockchain Gaming Investments Soar to Nearly $1 Billion in April

The month of April proved to be a game-changer for the blockchain gaming industry, with investments soaring to a staggering $988 million, the highest since January 2021. According to a report released by DappRadar in partnership with the Blockchain Gaming Alliance, the sector also saw a record-setting 2.9 million daily unique active wallets.

One of the key drivers behind this surge in investments is the trend of play-to-airdrop, which continues to fuel interest in blockchain gaming. Additionally, the proliferation of new gaming tokens in the Web3 industry has created a buzz among consumers.

Leading the pack in April was Ronin’s “Pixels,” which surpassed previous market leader Polygon with its popular games like Matr1x and QORPO WORLD. The report highlighted that April’s investments alone more than tripled the total investments in blockchain gaming for the first quarter of 2024, coming just $22 million shy of reaching $1 billion.

The metaverse also showed positive growth in April, with top NFT collections like Mocaverse and Farmland by Pixels seeing significant trading volumes. Despite facing challenges such as industry-wide layoffs, the blockchain gaming sector is showing signs of resurgence and growth.

Major players in the gaming industry, including Ubisoft and Square-Enix, have also made moves that indicate a high upside for the sector. The report’s authors believe that blockchain gaming has been rejuvenated and is poised to capitalize on new technologies and innovations.

Overall, April was a landmark month for blockchain gaming, setting the stage for continued growth and innovation in the industry.

LATEST POSTS

Bitcoin ETF Inflows Reach $422.5M, the Highest in Six Weeks

Bitcoin ETFs See Surge in Demand as BTC Price Rallies The U.S.-listed exchange-traded funds tracking bitcoin's spot price are experiencing a surge in demand, with...

Despite Mt. Gox Payout Concerns, Bitcoin (BTC) Surges to $65K; Ripple’s XRP Leads Crypto Market Rally

Bitcoin Hits Four-Week High as Crypto Rebound Continues The crypto market is on fire as bitcoin (BTC) reached its highest price in four weeks, surpassing...

Do Ethereum’s smart contracts outperform those of its competitors?

Exploring Smart Contracts: A Comparative Analysis of Ethereum and its Competitors The Evolution of Smart Contracts: Ethereum vs Competitors Ethereum, created by Vitalik Buterin, has been...

DTX, a leading DeFi platform, unveils new privacy blockchain Render (RNDR) and welcomes Ripple (XRP) users.

Exciting Updates in the Crypto World: DTX Exchange, Ripple (XRP) Victory, and Render (RNDR) Rebranding Title: DTX Exchange Solves Traders' Problems, Ripple (XRP) Celebrates Legal...

Most Popular