While I was writing this article the market was in red. The announcement of IPC in the USA was the trigger.
This situation is not new in the crypto currency market in the last quarter and the bear market is still “alive”.
Big numbers of Blockchain Gaming
The last report of DappRadar Q3 2022, explains that this situation does not seem to affect blockchain gaming, which during September has driven more than 48% of transactions of dapps in blockchain, increasing the average daily Unique Active Wallets (UAW) by 8%, and as you can see in the graphic below, the DeFi.
In terms of protocols, in the third quarter of the year, Solana had the fastest growth in the number of UAWs, with an increase of 269%, but WAX is still king.
Top 10 game numbers of Blockchain Gaming
In terms of games, the outlook is more or less the same as last month. Alien Worlds is the most played game with 190k average daily UAW and Spliterlands is following it with 159k average daily UAW.
As a novelty we have Axie Infinity: called Origins, launched in September and all the new features and infrastructure changes that we explain in an article dedicated to them.
Era7: Game of Truth grew due to the tournament where more than 10k participants from all over the world participated with a prize pool of around $5 million.
Gameta, another BNB chain game, was the most played last September with more than 1.83M users and Benj Bananas, on Polygon, increased more than 2.468% of daily UAW in September.
Traditional game companies and eSports are vigilant of Web3 gaming
This is a path that is going to be done step by step, but the number of news and actions of traditional game companies, or Web2 gaming and eSports organizations are doing is Web3 direction.
We have commented in several articles that the good combination between gaming and blockchain and that it is going unnoticed by those companies and during the last months we have seen different news about it.
In September, Blankos Block Party was launched in the Epic Games Store. A year ago it was impossible to launch a game with NFTs on a launchpad like this. This was the first blockchain game on a PC marketplace. It is important to remember that Valve has banned that.
But in the same month, Star Atlas did the same with a demo of their game while companies such as Atari, the pioneer of gaming, are in The Sandbox.
In eSports, the situation is similar, as we explain in the last article, where the Guild of Guardians signed an agreement with 7 eSports teams. 5 of them in the World Top Ten.
Investment in third quarter
This quarter, the investment has decreased 48% compared to the second quarter. The quantity invested has been $1.3 billion, but the number of companies investing is expanding.
This situation has caused expectations around the total amount to decrease to $9.25 billion versus $10 billion of previous expectations.
Despite the fact that investments have decreased, major investment companies are optimistic about blockchain gaming.
From Belobaba we believe in blockchain gaming and although the sector is still in its infancy, there are many similarities with the inception of traditional gaming and we know how it has ended.
If we look at the investments and the projects that are being created and launched, as we have said several times, blockchain gaming will be the form of mass adoption of Web3 and the future will be amazing.