Dapp Radar Reveals the State of Blockchain Gaming in Q3
Blockchain Games Editor's picks

Dapp Radar Reveals the State of Blockchain Gaming in Q3

TL;DR

  • Blockchain gaming led the Web3 sector with 4.4 million daily active wallets in Q3 2024.
  • New titles such as World of Dypians and SERAPH: In The Darkness surpassed 300,000 daily active wallets.
  • Investments in blockchain games fell by 90%, reaching only $110 million compared to the previous quarter.

According to the latest report from DappRadar, the third quarter of 2024 has been a significant period for the blockchain gaming and metaverse sector, showing remarkable growth in user activity despite a decline in investments.

During this time, blockchain gaming stood out by capturing 26% of all decentralized application (dapp) activity and reached 4.4 million daily active wallets.

This growth reflects the ongoing evolution and innovation in the sector, generating confidence in its long-term potential.

The competition in this space has also intensified, with platforms like Ronin Network maintaining their leadership by attracting over 1 million active wallets, a growth of 34% from the previous quarter.

New game titles have captured the public’s attention, especially World of Dypians, an MMORPG that has garnered over 500,000 players and offers an expansive metaverse with play-to-earn mechanics and solid NFT integration.

Additionally, SERAPH: In The Darkness, recently launched, has had a significant impact by providing an immersive gaming experience in an action RPG environment, allowing players to own in-game assets.

These innovations have contributed to blockchain games continuing to be a dominant force in the Web3 scene.

Perspectives for the Future of Web3 Gaming

Despite blockchain game investments experiencing a 90% decline compared to the previous quarter, dropping to $110 million, the industry continues to work on developing critical infrastructure for the future.

Most of the funds were directed towards infrastructure projects, highlighting the importance of building a solid foundation that can attract the next generation of players to the Web3 space.

Investments from companies like NPC Labs and Double jump.tokyo demonstrate that, despite fluctuations, there remains active interest in building and expanding the gaming ecosystem in blockchain.

The metaverse sector also showed mixed performance.

While transaction volume in NFT collections fell by 67%, sales increased by 26%, indicating that despite price decreases, there is a steady demand in the market.

Mocaverse led the metaverse market, capturing a significant 42% share of the total transaction volume, suggesting that metaverse collections remain relevant despite challenges.

As we move towards the last quarter of 2024, attention is likely to focus on infrastructure development and the evolution of gaming ecosystems that can scale to meet the needs of a growing user base.

Innovation in game development, along with interest in the ownership of digital assets, suggests that the future of blockchain gaming is filled with exciting opportunities.

Related posts

My Neighbor Alice Launches Adventure Contest with Prizes in $ALICE Tokens

Guido

Adidas and STEPN GO Launch Phase 2 of NFT Sneaker Collaboration

Fernando

Faraland: The Era of Legionnaire New Season starts Today

Fernando

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More