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Trend Report: Yoda Labs and BGA Analysis

Trend Report: Yoda Labs and BGA Analysis

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Gaming Trend 2023: Yoda Labs and BGA Analysis.

Yoda Labs and BGA share their insights on blockchain gaming trends in 2023. Today we present you their take on 2023 and what we need to expect as a gamer this year in blockchain games. The Web3 industry continues to be powered by gaming, accounting for approximately 50% of all blockchain activity, despite the crypto market downturn in 2022. In 2022, Web3 gaming and metaverse projects attracted US$7.6 billion in investment, a 59% increase from 2021. Of the $7.6 billion invested in the blockchain gaming space, 33.5% went towards blockchain gaming infrastructure, 27.3% was invested in individual gaming projects or metaverse worlds, and 19.1% went to guilds and incubator programs.

Despite the crypto winter, the leading gaming and metaverse projects continued their development. Alpha or beta phases were launched for several prominent metaverse gaming dapps. Illuvium, The Sandbox, Big Time, Axie Infinity Homeland, The Fabled, Phantom Galaxies, Star Atlas, My Neighbor Alice, Treeverse, Mirandus, and many others.

According to the BGA 2022 Member Survey and Report, blockchain gaming industry professionals predict that gameplay enhancements will be the key driver of adoption in 2023. Web3 developers are focusing on making blockchain games more enjoyable and engaging.

Following gameplay improvements, the other two factors likely to drive the industry forward in the coming year are the entry of traditional gaming studios and existing gaming franchises into the Web3 space.

Exploring the Funding Trend in the Blockchain Gaming Industry

The BGA report indicates that funding was the most significant positive factor for the blockchain gaming industry in 2022. 21.3% of respondents agreed to it. Moreover, increased funding and incubation programs support can speed up the growth and development of projects. This will lead to rapid advancements in innovation in the Web3 gaming sector.

Major venture capitalists are investing in Web3 gaming, drawn by its growth, with the aim of capitalizing on the trend. Web3 gaming is emerging as a standalone industry, separate from the broader cryptocurrency market. It serves as a crucial entry point for institutions entering Web3, along with Web2 gaming studios. Examples include Square Enix’s partnership with Oasys Blockchain, Epic Games’ Blankos, and Mythical Games partnering with Ubisoft as a publisher.

Unpacking the Growth of the Blockchain Gaming Industry: An Analysis

WAX

In 2022, the WAX protocol remained the most widely used blockchain for web3 games, attracting an average of almost 350,000 daily users. Hive and BNB Chain followed with 235,000 and 167,000 daily users, respectively.

Polygon

In 2022, Polygon solidified its position as a blockchain for games. It attracted an average of 97,000 daily users, a 340% increase from the previous year. The growth was driven by game dapps such as Arc8 by GAMEE, Benji Bananas, Crazy Defense Heroes, and Pegaxy.

ImmutableX

ImmutableX saw a 250% increase in NFT trading volume, reaching $87 million, compared to the previous year. Gods Unchained ranked among the top 25 most traded collections across all blockchains.

Axie Infinity

The launch of Axie Infinity: Origins and the introduction of Lunacia in Axie Infinity Homeland fueled $325 million in NFT trading volume for Axie Infinity.

Yuga Labs’ Otherside

After its launch on April 30, Yuga Labs’ Otherside became the most actively traded virtual world project, overtaking Decentraland and The Sandbox. Otherside saw over $1 billion in trades.

Gala Games

Gala Games ended 2022 with a portfolio of 18 games, including two on Steam and one in the Epic Games Store.

Alien Worlds

In 2022, Alien Worlds was the most widely played dapp, averaging almost 200,000 daily users. It recorded 4.8 billion on-chain transactions that encompassed gameplay, trading, and DAO activity.

Splinterlands

Splinterlands, the Hive-based trading card game, was the second most popular game by wallet activity. It maintained a player base of 160,000 daily users during the latter half of the year. The game also reached significant roadmap milestones, such as the launch of node validator licenses and the release of Runi NFT and Land Deeds.

STEPN

STEPN initiated the “move-to-earn” concept with a gamified reward system for physical activities. Although STEPN’s growth slowed in the 4th quarter, other dapps such as Genopets, Step App, Dotmoovs, and Dustland have followed suit.

Check out the list of top blockchain websites for expert reviews. These websites provide essential information on various aspects of the Web3 gaming industry. Including game reviews, tokenomics, events, crypto news, and more. By following these top play-to-earn game review websites, you can stay informed and make decisions on play and invest.

Play To Earn Games News

Welcome to PlayToEarnGames.com! Your ultimate destination for all things gaming. Here you will find game reviews, daily news updates, and an extensive list of the latest games. Our goal is to keep you informed and entertained. If you have a game or exciting news that you would like to share, we encourage you to reach out to us. Stay tuned for daily updates and be sure to check back often for new additions to our growing list of games. Let’s play and earn together!

Trend Report: Yoda Labs and BGA Analysis

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Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

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Related P2E Games: Play To Earn Crypto, NFT, Web3

War Riders – Game Review

In War Riders, players get to experience a post-apocalyptic world like never before. Set on the WEB3 side of gaming, this unique game immerses players in a vast and dangerous world where they must compete against each other to survive. Players can collect and use non-fungible tokens (NFTs) to represent their vehicles and weapons in combat against each other. With a variety of different NFTs to collect and use, players can build their own custom vehicles and gear up for battle. War Rider Game Overview: In War Riders, players must use strategy and skill to emerge victorious in fast-paced combat against their opponents. Whether you prefer to go solo or team up with friends, this game offers a thrilling and engaging experience for players of all skill levels. Try War Riders today and see if you have what it takes to conquer the post-apocalyptic world. In War Riders, players can collect and trade non-fungible tokens (NFTs) that represent different parts of their vehicles, such as the skin, engine, and wheels. These NFTs can be used to build and customize unique vehicles that players can use to roam the post-apocalyptic wasteland and battle against other players. In order to acquire new NFTs and parts for their vehicles, players must hunt and destroy other vehicles in the wasteland. Each destroyed vehicle will yield a variety of different NFTs and parts that players can use to upgrade and improve their own vehicles. The In-Game Currency: The in-game currency, called Benzene ($BZN), can be used to purchase new NFTs and parts on the marketplace, or players can trade their NFTs with other players directly. With constantly evolving content and a deep, immersive world, War Riders offers a thrilling and unique gaming experience that you won’t want to miss. Try it today and see if you have what it takes to survive in the wasteland. The war machine vehicles in the web3 game are customizable, and so are the garages. These upgrades are achievable by exploring and mining for $BZN in the vast wasteland of War Riders. Apart from this, $BZN helps players to buy weapons, nitro boost, armors, etc. Moreover, there is an additional option of looting other war machines of their equipment and their Benzene. So, players can attack them as they are taking their Benzene back to the garage to redeem it. Built on the Ethereum blockchain technology, the game environment is very cyberpunk with rock music, machine guns, Western-styled characters, and sand dunes. Besides, the whitepaper of War Riders is known as “war paper.” This paper explains the gameplay, pointing out that it is a free-to-play project. However, players need to buy and own the cars to start playing, averaging between $30-$55.

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WaveLings – Game Review

“WaveLings” is a unique game that introduces artificial intelligence (AI) companions to non-fungible token (NFT) characters in order to enhance the gameplay experience. These AI companions assist the player’s NFT characters in various ways, such as providing support in battles or offering special abilities. The use of AI companions is a novel idea that is likely to add an interesting dynamic to the game’s mechanics. “WaveLings” is a massively multiplayer online (MMO) game that is built on the Enjin blockchain ecosystem. The game features a fully realized virtual world for players to explore and complete tasks and quests in order to earn points, ranking, and cryptocurrency. “WaveLings” was developed by Axana Games, a studio specializing in creating engaging and immersive gaming experiences. The game’s use of blockchain technology and focus on completing tasks and quests to earn rewards is likely to appeal to many players. WaveLings Gameplay: In “WaveLings,” players are immersed in a futuristic, fictional world where blockchain technology has brought about a utopian society. The game allows players to buy or earn parcels of land that can be used for farming new resources and making investments. These land parcels are tradeable tokens that can be exchanged or sold on the EnjinX marketplace and other marketplaces. Players can also use their land parcels to advertise real-life products and create non-fungible tokens (NFTs) out of them. The game’s dynamics involve players joining giant corporations that determine their friends and foes, adding an element of social interaction and competition to the gameplay experience. “WaveLings” has partnered with the Enjin platform and uses the ERC-1155 token on blockchain technology. Enjin’s Efinity sidechain, which operates on Ethereum, provides the security and protection needed for games like “WaveLings.” Efinity is not a blockchain, but rather a sidechain that is connected to the main Ethereum blockchain. This connection allows Efinity to offer many of the same benefits as the Ethereum blockchain, such as security and decentralization, while also providing additional scalability and performance advantages. Overall, the use of the ERC-1155 token and the Efinity sidechain helps to ensure that “WaveLings” is a secure and stable platform for players to enjoy.

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Bit Heroes Arena – Game Review

“Bit Heroes Arena” is a PvP 8-bit battle royale game that uses blockchain technology and Non-Fungible Tokens (NFTs). In this game, players compete in a last-man-standing format and have the opportunity to experience a unique blend of gameplay and ownership elements. This game offers a truly one-of-a-kind gaming experience. In “Bit Heroes Arena,” players have the chance to earn numerous rewards, including tokens, NFTs, and staking opportunities. This 8-bit classic survival game is free-to-play, so anyone can jump in and start earning real money. Get ready to experience all that this game has to offer and start earning rewards today. Bit Heroes Arena Storyline: Bit Heroes Arena is the second game to be released in the Bitverse Universe, a collection of games featuring 8-bit characters across a variety of genres. The Bitverse Universe aims to create a metaverse, a shared virtual world, for players to explore. Bit Heroes Arena is an RPG and battle arena game with a retro pixel design and incorporates blockchain technology for its crypto-economics. This game offers a unique blend of elements and is sure to be a hit with players. Storyline: Throughout the world, people are experiencing earthquakes and other types of tremors. As these events occur, individuals often seek refuge in their homes and cottages, while heroes gather to discuss the unusual circumstances. The Titans, gigantic beings with the ability to devastate the earth multiple times over, have appeared on the scene, but their goals are mysterious to humans.

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Pegaxy NFT Game: Breed, Race, Earn on Polygon Blockchain

Pegaxy is a horse racing game where you race against other people. The game is based on Pegasus, the mythical horse with wings from Greek mythology. The game lets players race horses, breed them, and rent out horses. There are 12 horses in each race, and the top three get a reward token called VIS. The Polygon/MATIC layer 2 blockchain is what Pegaxy is built on, and it uses a dual-token system. The most important token is Vigorus (VIS), which is mostly used for breeding. But it can also be traded on a number of exchanges for other cryptocurrencies or tokens. The second token is the governance token, which is called Pegaxy Stone (PGX). Its value has changed a lot in recent months. So, not every player might be able to pay for it. Players use PGX to rent other players’ Pega NFTs, which they can then use for racing or staking to earn liquidity rewards. Pegaxy Review: Pegaxy horse racing uses a random number generator (random number generator). This will eventually be upgraded to a more visually pleasing 3D version with more skill and strategy components, once the 2nd phase is implemented. Moreover, horse breeding will become even more essential in terms of improving a horse’s characteristics through rarer bloodlines. When deciding on how to start playing Pegaxy, there are numerous options: To race, purchase an NFT horse (outlay cost to buy the NFT), Rent a horse for racing (a lower initial investment to race someone else’s horse for a set length of time), Race as a Scholar (accept to race someone else’s horse for a percentage profit), Horses are bred to produce progeny, which are then raced, Horses are bred to produce progeny, which are then sold on the open market, Earn racing revenue by owning a stadium.

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Best P2E Games list 2024

Trend Report: Yoda Labs and BGA Analysis

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.