Crypto markets have broken down, but not blockchain-based gaming
Crypto markets have broken down, but not blockchain-based gaming
- In the first quarter of 2022, investments worth $ 2.5 billion flowed into blockchain games
- The current market conditions will not kill Web3, says a senior employee of Animoca Brands
blockchain-based games have recently become a surprisingly resistant to the broadly created decline in the cryptom market.
The number of Daily Unique Active Wallets (UAW) of game dapps and that of game transactions has been on an all-time high since April. And risk capital providers have taken note of the strong and committed basis of Metaverse players-and wrote checks-even if the activity in Defi and NFTs has decreased this year.
When it comes to gaming investments, Dappradar and the Blockchain Game Alliance have recently reported Quarter 2022 $ 2.5 billion in blockchain games. In 2021, VCS invested a total of $ 4 billion in blockchain games. Companies predict that investments for the rest of the year will increase by about 150 % from 2021.
A typical example: the gaming investment giant animoca brands recorded its portfolio with over 340 portfolio companies on 1.5 billion US dollar.
The company also reported income from token and NFT sales (non-fungible tokens), which contributed to a net profit of $ 573 million in the first quarter.
subsidiaries such as The Sandbox Metavers and partnerships with Yuga Labs and Apecoin Dao are just a few of the most profitable activities of the company, especially when it comes to selling virtual properties.
Animoca invested $ 450 million in the Otherside Metaverse game of the BORED APE YACHT Club, and the group's Otherdeed NFF property sale set the record for the largest NFT coin ever.
In his "confident perspective" he described the leaders of the switch to Web3 as the companies and projects that build the open meta verse, and encouraged the readers to "keep an eye on the strong growth of the web3 market".
Venture-capital company Andreesen Horowitz recently Started Dollar Games Fund One, which is committed to the investment in game studios and the transformation of the Web3 gaming ecosystem.
A16Z also brought up the greatest crypto venture fund of all time with $ 4.5 billion, which increased the entire crypto and web3 stocks of the company to $ 7.6 billion.
While the traditional gambling industry currently has a value of $ 300 billion, the crypto gaming area is on the best way to increase the economic potential of the Meta-Verse market to at least $ 8 trillion.
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The article Crypto Markets have tanked, but not blockchain-based gaming is not a financial advice.