The popularity of blockchain-based games has exploded in recent years. This rise in power is linked to the decentralized nature of this technology. As blockchain development continues, the blockchain gaming industry is also expected to continue to grow.
156 million dollars invested in blockchain gaming in January!
Despite the bear market, user interest in blockchain games has not waned. This is even the opposite effect observed by DappRadar, a crypto data and analytics provider. For the month of January, DappRadar conducted a survey on the subject. According to the results obtained, 156 million dollars would have been injected by blockchain gaming firms over the period.
This massive investment is mainly due to platforms like TreasureDAO, Square Enix and Courtside Ventures.
DappRadar’s investigations also reveal other interesting data. Over this same period of January 2023, crypto gaming recorded an increase in on-chain activities. This improvement clearly translates the increase in the popularity of crypto games. This is yet another sign that reveals, overall, a sustained enthusiasm for digital assets and the blockchain in particular.
This could explain the growth of virtual operations of 114%, compared to December. A performance attributable to the dazzling success of gaming platforms such as The Sandbox and Decentraland.
Good news for the crypto industry?
While the other segments of the industry cringe because of the bear market, the gaming segment is rubbing its hands. An index that shows that the gaming ecosystem is gaining ground.
“The surge in gaming tokens in January 2023 is a very positive sign for the industry. The on-chain metrics are bullish, and the hype around these projects is only growing”underlines the DappRadar.
Meanwhile, the traditional gaming market continues to regress and thinks more and more of adapting, at the risk of disappearing. Ultimately, it is the blockchain gaming sector that this dynamic will benefit.
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