Gamefi, Blockchain Games Surpass Defi
Gamefi, blockchain games surpass Defi in the number of unique active wallets (UAWs) and will continue to do so in 2023. Read more!
Warner Music Group Enters Web 3.0
Warner Music Group, a US-based record label, has joined hands with a blockchain-based gaming company Splinterlands.
Game Activity Blockchain: DappRadar
The bullish run continues in the blockchain gaming sector and we have a report to back it up. The first month of 2023 flew by in a wink but the Web3 gaming sector has utilized it to its fullest. According to market analysis firm DappRadar, gaming accounted for 48% of all blockchain activity in January, a rise from 45% in the previous month of December.
DappRadar Report January ’23
According to DappRadar on January 23, video gaming activity accounts for nearly half of all blockchain activity; read on for more interesting facts.
Professionals & blockchain
The BGA Member Survey Report for 2022 has been released. Interesting results! Read our summary of what gaming professionals said.
Crypto Games Surpass DeFi in Popularity
Play to Earn Crypto, GameFi, Games Surpasses DeFi in Popularity. DappRadar has come up with interesting stats on crypto
Q3 2023: Blockchain Gaming Trends, Top Games, NFTs, Funding, and Metaverse Excitement – DappRadar Report
In this insightful article, we delve into the evolving landscape of blockchain gaming in Q3 2023. Our comprehensive overview explores the latest trends and key players in this dynamic industry. We’ll discuss the dominance of Alien Worlds and Splinterlands as the top Web3 games and the rise of the move-to-earn paradigm. Notably, we delve into the transaction volumes of games like Axie Infinity and God’s Unchained, shedding light on changing player preferences and trading dynamics in the world of NFTs. Furthermore, we examine the virtual worlds market, where excitement for metaverse and virtual world Dapps is on the rise. Our article also covers the impressive $600 million in funding raised for Web3 game initiatives in the quarter and the strategic investments by venture capitalists. Join us for a deep dive into the ever-shifting landscape of blockchain gaming. The blog provides an in-depth overview of the blockchain gaming landscape in Q3 2023, offering insights into various aspects of the industry, including NFTs, Dapp rankings, top Web3 games, and virtual worlds.
Blockchain Games Overview:
The blog acknowledges a slight slowdown in the momentum of blockchain games in the past quarter. However, it clarifies that this doesn’t indicate a loss of consistency in the realm of Web3 adoption. Rather, it suggests a shift in the landscape due to the emergence of new technologies. Of note, social Dapps have been gaining traction, with increased user interest in social initiatives, although they currently hold an 11% market share. The introduction of new competitors like Skale, Base, and zkSync is reshaping the blockchain gaming market, aligning with the future of Web3 gaming.
Top Web3 Games:
The blog highlights that Alien Worlds and Splinterlands have consistently maintained their top positions in the Web3 games rankings. It mentions that the move-to-earn paradigm is gaining significant ground, with Sweat Economy and SuperWalk emerging as notable players in this space. These rankings are also analyzed from the perspective of transaction volumes, offering insight into player preferences and revenue streams.
Web3 Games by Transaction Volumes:
The article delves into the analytics, noting that Axie Infinity has been updated and continues to gain popularity, with its continued dominance anticipated. God’s Unchained follows a similar trajectory, marked by a significant increase in trading volume since the launch of its current season. Notably, the latest NFT data reveals changes in trading volume, with newer entrants challenging established NFT groups like BAYC and Azuki. The emergence of Treasure DAO, a studio dedicated to casual games, is indicative of a growing interest in this genre.
Virtual Worlds Overview:
The blog acknowledges that this quarter witnessed a historic low in revenue and trading volume for virtual worlds. However, it underscores the increasing enthusiasm for metaverse and virtual world Dapps. Animoca Brands secured $20 million in funding, which is aimed at strengthening the Mocaverse ecosystem and promoting extensive use of Web3. Mocaverse aspires to become a hub for Web3 gaming, metaverse culture, and entertainment.
Funding for Blockchain Projects:
The article highlights that Q3 2023 saw an impressive $600 million in funding for Web3 game initiatives, bringing the total for the year to $2.3 billion. Although this figure represents only 30% of the capital raised in 2018, it is important to consider the unique market conditions of 2023. The blog points to A16z’s Speedrun accelerator as a significant innovation in this quarter, with a plan to invest $75 million in pre-seed firms that combine gaming with technology. It emphasizes that venture capitalists are actively financing the next wave of Web3 gaming sensations, underscoring their confidence in the sector’s future.
Wrap-Up:
In conclusion, the blog provides a detailed look at the dynamic landscape of blockchain gaming in Q3 2023. It underscores the industry’s great promise, evident in the $2.3 billion invested thus far in the year, including a substantial $600 million in the most recent quarter. While certain games maintain their leadership, the emergence of projects like TreasureDAO and the shift toward the move-to-earn concept signify diverse gaming interests. The article suggests a bright future for blockchain gaming but emphasizes the need for adaptability due to the ever-evolving dynamics across industries and platforms. Gamers, take note: the Q3 2023 overview of the blockchain gaming landscape offers crucial insights to keep in mind. Despite a slight slowdown, blockchain gaming remains a dominant force in the Web3 world. It’s essential to understand that this slowdown doesn’t signal a loss of momentum but rather reflects a shifting landscape driven by emerging technologies.
Top Web3 games, such as Alien Worlds and Splinterlands, continue to lead the pack, but the rise of the move-to-earn paradigm introduces new opportunities for players. Axie Infinity and God’s Unchained are evolving and drawing increased trading volume, making them worth watching.
In the virtual worlds sector, while revenue and trading volume may have seen a historic low, the excitement for metaverse and virtual world Dapps is on the rise. The $20 million in funding raised by Animoca Brands for Mocaverse underscores the increasing engagement in this space.
Funding for Web3 game initiatives has soared, with $600 million raised in Q3 alone, totaling $2.3 billion for the year. Notably, venture capitalists are eager to invest in the next big Web3 gaming sensations, signaling a promising future.
In a nutshell, the blockchain gaming landscape remains promising. While stalwarts like Alien Worlds and Splinterlands maintain their positions, emerging projects like TreasureDAO and the move-to-earn concept indicate a shift toward diverse gaming interests. As the industry evolves, adaptability and foresight will be paramount. Gamers should stay tuned for exciting developments in this ever-changing realm.
Q3 2023: Blockchain Gaming Trends, Top Games, NFTs, Funding, and Metaverse Excitement – DappRadar Report
In this insightful article, we delve into the evolving landscape of blockchain gaming in Q3 2023. Our comprehensive overview explores the latest trends and key players in this dynamic industry. We’ll discuss the dominance of Alien Worlds and Splinterlands as the top Web3 games and the rise of the move-to-earn paradigm. Notably, we delve into the transaction volumes of games like Axie Infinity and God’s Unchained, shedding light on changing player preferences and trading dynamics in the world of NFTs. Furthermore, we examine the virtual worlds market, where excitement for metaverse and virtual world Dapps is on the rise. Our article also covers the impressive $600 million in funding raised for Web3 game initiatives in the quarter and the strategic investments by venture capitalists. Join us for a deep dive into the ever-shifting landscape of blockchain gaming. The blog provides an in-depth overview of the blockchain gaming landscape in Q3 2023, offering insights into various aspects of the industry, including NFTs, Dapp rankings, top Web3 games, and virtual worlds.
Blockchain Games Overview:
The blog acknowledges a slight slowdown in the momentum of blockchain games in the past quarter. However, it clarifies that this doesn’t indicate a loss of consistency in the realm of Web3 adoption. Rather, it suggests a shift in the landscape due to the emergence of new technologies. Of note, social Dapps have been gaining traction, with increased user interest in social initiatives, although they currently hold an 11% market share. The introduction of new competitors like Skale, Base, and zkSync is reshaping the blockchain gaming market, aligning with the future of Web3 gaming.
Top Web3 Games:
The blog highlights that Alien Worlds and Splinterlands have consistently maintained their top positions in the Web3 games rankings. It mentions that the move-to-earn paradigm is gaining significant ground, with Sweat Economy and SuperWalk emerging as notable players in this space. These rankings are also analyzed from the perspective of transaction volumes, offering insight into player preferences and revenue streams.
Web3 Games by Transaction Volumes:
The article delves into the analytics, noting that Axie Infinity has been updated and continues to gain popularity, with its continued dominance anticipated. God’s Unchained follows a similar trajectory, marked by a significant increase in trading volume since the launch of its current season. Notably, the latest NFT data reveals changes in trading volume, with newer entrants challenging established NFT groups like BAYC and Azuki. The emergence of Treasure DAO, a studio dedicated to casual games, is indicative of a growing interest in this genre.
Virtual Worlds Overview:
The blog acknowledges that this quarter witnessed a historic low in revenue and trading volume for virtual worlds. However, it underscores the increasing enthusiasm for metaverse and virtual world Dapps. Animoca Brands secured $20 million in funding, which is aimed at strengthening the Mocaverse ecosystem and promoting extensive use of Web3. Mocaverse aspires to become a hub for Web3 gaming, metaverse culture, and entertainment.
Funding for Blockchain Projects:
The article highlights that Q3 2023 saw an impressive $600 million in funding for Web3 game initiatives, bringing the total for the year to $2.3 billion. Although this figure represents only 30% of the capital raised in 2018, it is important to consider the unique market conditions of 2023. The blog points to A16z’s Speedrun accelerator as a significant innovation in this quarter, with a plan to invest $75 million in pre-seed firms that combine gaming with technology. It emphasizes that venture capitalists are actively financing the next wave of Web3 gaming sensations, underscoring their confidence in the sector’s future.
Wrap-Up:
In conclusion, the blog provides a detailed look at the dynamic landscape of blockchain gaming in Q3 2023. It underscores the industry’s great promise, evident in the $2.3 billion invested thus far in the year, including a substantial $600 million in the most recent quarter. While certain games maintain their leadership, the emergence of projects like TreasureDAO and the shift toward the move-to-earn concept signify diverse gaming interests. The article suggests a bright future for blockchain gaming but emphasizes the need for adaptability due to the ever-evolving dynamics across industries and platforms. Gamers, take note: the Q3 2023 overview of the blockchain gaming landscape offers crucial insights to keep in mind. Despite a slight slowdown, blockchain gaming remains a dominant force in the Web3 world. It’s essential to understand that this slowdown doesn’t signal a loss of momentum but rather reflects a shifting landscape driven by emerging technologies.
Top Web3 games, such as Alien Worlds and Splinterlands, continue to lead the pack, but the rise of the move-to-earn paradigm introduces new opportunities for players. Axie Infinity and God’s Unchained are evolving and drawing increased trading volume, making them worth watching.
In the virtual worlds sector, while revenue and trading volume may have seen a historic low, the excitement for metaverse and virtual world Dapps is on the rise. The $20 million in funding raised by Animoca Brands for Mocaverse underscores the increasing engagement in this space.
Funding for Web3 game initiatives has soared, with $600 million raised in Q3 alone, totaling $2.3 billion for the year. Notably, venture capitalists are eager to invest in the next big Web3 gaming sensations, signaling a promising future.
In a nutshell, the blockchain gaming landscape remains promising. While stalwarts like Alien Worlds and Splinterlands maintain their positions, emerging projects like TreasureDAO and the move-to-earn concept indicate a shift toward diverse gaming interests. As the industry evolves, adaptability and foresight will be paramount. Gamers should stay tuned for exciting developments in this ever-changing realm.
The Blockchain Game Alliance (BGA) Annual Survey and Collaborations with DappRadar Shaping Blockchain Gaming in 2023 and 2024
The future of Web3 gaming is being shaped by the Blockchain Game Alliance (BGA), a global non-profit organization that has been at the forefront of integrating blockchain technology into the gaming industry. Established in 2018, the BGA plays a pivotal role by bringing together industry experts and developers to foster collaboration, share knowledge, and set industry standards.
One of the BGA’s notable initiatives is its Annual State of the Industry Survey, now in its third year, showcasing the organization’s commitment to facilitating collaboration and diverse perspectives within the Web3 gaming ecosystem. This survey serves as a vital tool for gaining insights into the current state, recent developments, and potential future trajectories of the blockchain gaming industry. It covers crucial topics such as adoption, growth, career trends, and innovation. To ensure its success, the BGA collaborates with Emfarsis, a Web3 advisory firm, to administer and analyze the survey results, culminating in a comprehensive report.
What sets the BGA apart is its inclusivity, as it extends the survey invitation to professionals from various fields within the blockchain gaming sector, including founders, developers, publishers, venture capitalists, as well as those working in legal, finance, marketing, and public relations roles. Moreover, the BGA recognizes the significance of media perspectives in shaping the narrative of the evolving blockchain gaming landscape and thus invites journalists and content creators who cover blockchain gaming.
Esports players are also acknowledged as essential participants in the survey, highlighting the intersection of esports and blockchain technology within the gaming world.
In a strategic move to enhance its insights, the BGA collaborates with DappRadar, a prominent player in the blockchain space. DappRadar, working in conjunction with Emfarsis, provides crucial data regarding funding, on-chain activity, and participation in blockchain games across various protocols, thereby amplifying the survey’s impact and promoting a deeper understanding of the blockchain gaming landscape.
Beyond the annual survey, the BGA actively promotes industry growth through a range of activities and events aimed at supporting its members and fostering collaboration within the Web3 gaming ecosystem. The alliance strategically participates in significant conferences and events like GDC in San Francisco, Consensus in Austin, Gamescom in Cologne, TOKEN2049 in Singapore, and GamesBeat Next in San Francisco. These events serve as platforms for BGA members to showcase their games, products, and services, enhancing their visibility and facilitating networking opportunities within the industry.
Additionally, the BGA utilizes online platforms such as Telegram and Discord to create private groups for its members, facilitating meaningful discussions, collaborative projects, and updates on the latest developments in the blockchain gaming space. This approach aligns with the BGA’s overarching goal of nurturing a collaborative, community-focused environment.
Anticipation is building for the release of the State of the Industry Survey report in mid-December 2023, a collaborative effort between the BGA, Emfarsis, and DappRadar. This report is expected to serve as a comprehensive and valuable resource for industry stakeholders.
The BGA’s proactive approach to understanding industry dynamics, along with its dedication to inclusivity and data-driven decision-making, positions it as a shining example of effective collaboration, innovation, and community engagement within the blockchain gaming sector. The annual survey and the upcoming 2023 report underscore the BGA’s unwavering commitment to advancing the blockchain gaming industry and shaping its promising future.
Metaverse momentum and alliances drive $297 million Web3 game investments in July 2023
Investors showed keen interest in Web3 gaming during July 2023, injecting a substantial $297 million into the sector. This surge in investments was attributed to strategic partnerships and significant developments in both the Web3 and Metaverse realms. The previous month had witnessed a stark drop, hitting a mere $68 million, partly due to regulatory issues involving major players like Binance and Coinbase. Although the count of daily active wallets experienced a slight 0.5% decline, Web3 gaming retained its significance, constituting 41% of the total industry activity. Notably, infrastructure projects received the lion’s share of funding, amounting to $187 million. Prominent companies like Google recognized the transformative potential of Web3 gaming, solidifying its appeal to investors.
DappRadar’s report delved into various aspects of this ecosystem, highlighting unique gameplay mechanics and innovative monetization strategies such as virtual item sales and the “play to earn” concept. The gaming sector accounted for 41% of all blockchain transactions, with WAX boasting the highest count of unique active wallets. Collaboration between entities like CyberKongz and Ronin, along with shifts to platforms like Arbitrum by Mighty Bear Games, shaped the Ethereum Layer 2 gaming landscape. Notably, Google’s decision to embrace Web3 games in its Play Store, albeit with specific conditions, signified a pivotal step forward. The migration of games, like “Mighty Action Heroes,” to platforms such as Arbitrum demonstrated their growing adoption.
Despite market fluctuations, July underscored the industry’s resilience and growing confidence. Investments not only reflected optimism in the Metaverse and virtual realms but also showcased faith in the potential of blockchain technology. The trajectory of blockchain’s integration into gaming was exemplified by notable projects on platforms like Ronin, reflecting a paradigm shift that promises to redefine the industry’s future. As the month unfolded, the impact of these investments on product development, user engagement, and market expansion remained a focal point. This convergence of gaming, blockchain, and the Metaverse holds tremendous promise for the future, as demonstrated by the substantial strides made in July 2023.