TL;DR
- Blockchain gaming reached a new record with 4.2 million daily active users.
- Ronin continues to lead the blockchain gaming sector with dapps like Pixels and Forgotten Runiverse.
- Investments in blockchain game studios increased by 117% in August, reaching $50 million.
The month of August 2024, although without any major headlines, marked an important milestone for blockchain gaming, as daily unique active wallet activity (dUAW) hit a record high of 4.2 million.
Even though the AI-powered app sector has overtaken gaming in market share, the 5% growth in daily users shows that blockchain gaming continues to attract more people.
This increase, along with the launch of new games and improvements to existing ones, reinforces the idea that blockchain gaming remains a key pillar within the decentralized application ecosystem.
One of the biggest drivers of this growth is the Ronin blockchain, which maintains its dominant position thanks to popular dapps like Pixels and Forgotten Runiverse.
Other competitors such as opBNB and SKALE have also shown notable growth, with games such as SERAPH: In The Darkness and motoDEX generating a high level of engagement.
Despite the rise of AI-powered dapps, gaming still maintains a solid 24% share of the dapp market, demonstrating its importance in the industry.
Furthermore, investment in the sector has seen a significant uptick in August, reaching $50 million, an increase of 117% compared to the previous month.
All of these investments were directed exclusively to gaming studios, underscoring the importance of developing the infrastructure necessary for the long-term growth of blockchain gaming.
This funding will allow studios to continue innovating and improving the user experience, which could lead to major future developments in the industry.
Investments and new developments in blockchain gaming
A prominent example of investments in August is Gameplay Galaxy, a US -based blockchain game developer, which raised an additional $11 million to further develop its Web3-based sports mobile game, Trial Xtreme Freedom.
Another relevant case is Double Jump Tokyo, a Japanese developer that secured $10 million in a funding round led by SBI Investment and Sony, with plans to expand its Web3 offerings, including the launch of a new collectible card game.
These developments demonstrate that, despite the apparent lull in terms of major releases, studios and developers are working hard to create the necessary infrastructure to allow the sector to grow in the coming years.
As more capital flows into development studios and technological innovation, we’re likely to see a resurgence of big announcements and new releases in the coming months.
In short, while August has been a relatively quiet month for the blockchain gaming industry in terms of big headlines, the advancements made behind the scenes ensure that the industry continues to move forward.
With infrastructure investment on the rise and the number of daily active users reaching new highs, blockchain gaming is poised for a new phase of growth and development.
