A new report by the DappRadar and Blockchain Game Alliance (BGA) website has hinted that 2022 could be a great year for game developers. games linked to crypto industry.
According to Decrypt, the report points out that, in the first quarter of 2022 alone, US$ 2.5 billion in investments were raised for these games.
The document also estimates that the value could reach US$ 10 billion by the end of this year.
The positive estimate for this year is even more prominent when compared to investments in previous years. In 2021, for example, crypto-related games received $4 billion in investments for the whole year.
According to Decrypt, the sector appears to have become a niche for investors, as the sector also enjoys growing support and interest from cryptocurrency market enthusiasts.
The numbers are also surprising regarding activity in the blockchain sector. Games using this technology attracted 1.22 million unique active wallets in March alone and currently account for 52% of activity in the blockchain industry.
The report prepared by DappRadar and BGA indicates that activity in blockchain games grew by 2,000% when compared to the first quarter of 2021.
Blockchain games surpass the metaverse?
The “fever” metaverse appears to have diminished, after reaching heights in late 2021, with the announcement that Facebook (FB; FBOK34) would change its name to Goalin order to bring the company closer to its goal of creating a metaverse.
In the first quarter of this year, the volume traded in projects related to the metaverse dropped 12% to US$ 430 million.
According to the document, the average price of virtual land plots in metaverse projects Decentraland (MANA) and The Sandbox (SAND) plummeted 40% between the last quarter of 2021 and the first quarter of this year.
The volume traded in these projects also dropped. From the fourth quarter of last year to the first of this year, Decentraland lost 20% of the volume traded on its platform, while The Sandbox sank 60%.
Follow Crypto Times on Instagram!
Stay on top of everything that happens in the crypto universe in a simple and practical way! Every day content filled with images, videos and lots of interaction. From the main news in Brazil and in the world to the current discussions.
You will have access to the world of cryptocurrencies, decentralized finance (DeFi), NFTs, Web 3.0 and much more. The crypto universe is ageless, it’s for you! Connect with Crypto Times! Follow our profile on Instagram now!
Disclaimer
THE money times publishes articles of a journalistic nature, which aim at the democratization of information. Our publications must be understood as announcing and disseminating bulletins, and not as an investment recommendation.
Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
