Games and NFTs the Driving Force Behind Dapps During Q3, According to Dappradar
Blockchain-based games and NFT trading were the driving force behind dapp adoption during Q3, according to defi insight platform Dappradar. In its Dapp Industry Report: Q3 2021 Overview, Dappradar states that the importance of these new activities in the crypto industry rose dramatically, making the space more diversified and competitive in the process. Defi also got a boost with platforms like Solana and Terra maturing to accommodate more projects. Dappradar: NFTs and Play-to-Earn Were Key During Q3 NFTs and play-to-earn games were very important for the industry during the last....
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DappRadar and the Blockchain Game Alliance produce the Q1 numbers behind the top play-to-earn and GameFi DApps. Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for total Q1 investment is $2.5 billion. Venture capitalists and other investors raised $4 billion in 2021.The biggest deals listed in the report include Animoca Brands raising $360 million, bringing its valuation....
The blockchain gaming sector remains active in terms of adoption and venture capital firms have taken notice, according to industry data. Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector. Blockchain games and metaverse projects raised a cumulative $1.3 billion in venture capital between July and September, according to DappRadar’s latest BGA Games Report. While this figure was down 48% compared to....
Despite the FUD, blockchain games surged in active users in September, while God’s Unchained cracked the top 10 in terms of total NFT sales volume of all projects. User activity on blockchain gaming decentralized applications (DApps) surged in September, with a host of games posting significant increases in the number of active users. According to data from DappRadar, seven out of the top 10 games in terms of the number of “unique wallet addresses interacting with dapp’s smart contracts” increased over the past 30 days, with all of the top five games being in the green during that time....
According to DappRadar, the top four decentralized NFT apps now drive $10 million in volume each day. The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT sales over the past 24 hours.However, overall NFT DApp volumes are dominated by the top four, with the combined daily volume of the 10-largest DApps equating to....
Gen Z and growing interest throughout Asia have helped NFTs to shine brightly amidst volatility, according to a report from DappRadar. January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan which significantly lowered the hash rate of bitcoin. On Jan. 14, the price of Bitcoin dipped below $42,000 as traders continued to hold out hope for bullish signals. NFT trading....