On April 20th, DappRadar and BGA Games unveiled their Blockchain Games Report for Q1 2022. According to the survey, blockchain-based video game activities increased by 2,000% from the first quarter of 2021 to 2022, meaning blockchain-based gaming experiences made up 52% of the entire blockchain industry.
Blockchain games brought in 1.22 million unique active wallets in March, making up more than half of all activity in the sector. On top of that, blockchain games brought in $2.5 billion in investments during Q1 2022, marking a 150% increase from the same period the year prior.
“Game dapps continue their ongoing developments, and the metaverse keeps flashing one of the most exciting opportunities in the blockchain industry,” the report says. “Meanwhile, financial institutions are estimating the economic potential of the decentralized metaverse to become at least an $8 trillion market.”
(All information was provided by CoinDesk and DappRadar)
Check out the industry-leading META Business podcast where we discuss the intersection of business and the metaverse
Pingback: Blockchain-Based Gaming Activity Rose By 2,000% – Business of Esports - Suutan