Even though the cryptocurrency market has only recently begun to recover from the repercussions of the FTX collapse and subsequent crisis, the underlying technology has remained robust, particularly in the realm of blockchain games.
Even after the crypto crisis and other scandals, I've noticed a surge in game development this year. Other blockchain gamers recommended a number of games to me, but WAM, along with Axie, piqued my interest the most, and it's fantastic.
According to a new DappRadar report, in October and November, user activity in Web3 games accounted for nearly half of all blockchain activity across 50 networks.
In November, an average of 800,875 unique active wallets interacted with game smart contracts on a daily basis, a 12% decrease from September, when the industry had 911,720 active wallets.
When compared to the end of 2021 and early 2022, the current state still represents a decline.
So far, investment in blockchain games is expected to total $8.16 billion this year, a 104% increase from the total of $4 billion in 2021. Meanwhile, the total in-game trading volume of NFTs in October and November was $55 million, with the popular blockchain card game Gods Unchained topping the list.
Source: https://www.reddit.com/r/NFTGames/comments/zex82r/investment_in_blockchain_games_is_expected_to/
