A recent report showed that NFT sales topped $1.2 billion in July. The study also revealed that the decentralized applications (dapp) industry grew by 23.72% from June to July.
“With trading volumes skyrocketing, gaming collectibles are hands down the stars of the past month,” writes Dragos Dunica, the co-founder of DappRadar, in an e-mail to Forbes. “Visits to games-related pages increased eightfold in July alone, and the number of unique active wallets we’re tracking on all the games doubled to ~740K. As we plunge deeper into the metaverse, blockchain gaming is set for meteoric growth.”
Just days later, it was announced that Axie Infinity had hit $1 billion in all-time sales. The organization reported over 2.4 million transactions that helped make Axie one of the top platforms in the collectible gaming NFT space.