Investments in blockchain gaming reached a staggering $988 million in April, marking the highest amount since January 2021. Additionally, the number of daily active wallets in blockchain gaming hit a record-breaking 2.9 million.
On May 17, DappRadar, in collaboration with the Blockchain Gaming Alliance, published their April report on blockchain gaming. This notable month for the industry aligns with similar trends observed in the decentralized applications (Dapp) market as a whole.
The report attributes this recent surge to various factors, including the renewed interest from consumers in digital assets within the gaming context.
Among the blockchain gaming platforms, Ronin’s game “Pixels” secured the top spot for the month, surpassing the previously leading platform, Polygon. Ronin’s success can be attributed to its impressive collection of games, including Matr1x and QORPO WORLD.
April proved to be an exceptional month for blockchain gaming. In the first quarter of 2024, total investments in blockchain gaming amounted to $288 million. However, in April alone, investments surpassed that number by more than triple, falling just $22 million short of reaching an impressive billion dollars.
The report also highlights the positive growth of the metaverse in April. Mocaverse emerged as the top metaverse-related NFT collection, boasting a trading volume of $8.4 million, leaving its competitors far behind. Farmland by Pixels followed closely with a trading volume of $1.48 million, while Otherdeed by Otherside also surpassed the million-dollar mark with $1.02 million in trading volume.
DappRadar also mentions recent moves by major players in the gaming industry, such as Ubisoft and Square-Enix, which indicate a promising future for the sector. The report’s authors state that “Blockchain gaming has experienced a significant boost in April” and conclude that the industry has been revitalized and is poised to take advantage of new technologies and innovations.
In related news, a Web3 platform is set to transform gaming PCs into DePIN contributors.