NFT gaming generated $2.32B in Q3 — BGA report
A report published by the Blockchain Gaming Alliance shows that nonfungible token games generated billions in revenue in the third quarter. Blockchain gaming continues to grow and dominate the nonfungible token (NFT) space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted in the report. It showed that virtual land sales reached $42.6....
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Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are growing at an even faster pace given their virtual standstill some two years ago. But are blockchain games good enough to compete with more mainstream titles?In its 2021 annual report, The Blockchain Game Alliance says that NFT games generated....
Blockchain gaming is going through a massive growth phase, thus revolutionizing the gaming industry in general. An Investgame report revealed that the gaming industry is witnessing a massive rise of blockchain-powered cryptocurrency games. Within the first half of 2021 alone, crypto gaming companies closed a record 24 deals, more than they did in the whole […]
Gaming might seem like a natural, endemic partner for blockchain technology and cryptocurrency partners, particularly when we look at play-to-earn engagement and room for innovation in the gaming atmosphere. However, to date, it’s a vertical that has seen strong resistance from casual to competitive and everything in between – at least, almost. We’ll take a […]
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity.
Web3 Gaming Industry Thriving Amidst Economic Downturn
The current economic downturn that is affecting the traditional and cryptocurrency markets has had a less significant effect on the Web3 gaming sector. According to a recent report issued by Dappradar, the numbers coming from this industry have been positive, resisting the....
Ethereum is the most active platform ranked by the fees generated in the last six months, Token Terminal data shows. Ethereum Generates $742.9 Million in Fees In 180 Days Ethereum is a smart contracting platform where users can launch dapps serving various sub-sectors in crypto, including gaming, decentralized finance (DeFi), and more. Over the last six […]