Investments in blockchain gaming skyrocketed to a staggering $988 million in April, marking the highest level since January 2021. Additionally, daily unique active wallets reached a record-breaking 2.9 million for the month, showcasing the immense popularity of blockchain gaming.
DappRadar, in collaboration with the Blockchain Gaming Alliance, released its April report on blockchain gaming on May 17th. The remarkable performance of the sector aligns with the overall trends seen in decentralized applications (Dapp) market.
The report attributes the recent surge in investments to various factors, including a renewed interest from consumers in digital assets within the gaming context. Among the blockchain gaming platforms, Ronin’s “Pixels” emerged as the frontrunner for the month, surpassing the previously dominant Polygon. Ronin’s success can be attributed to its impressive collection of games, which includes popular titles like Matr1x and QORPO WORLD.
April proved to be a landmark month for blockchain gaming, surpassing all expectations. In the first quarter of 2024, total investments in blockchain gaming amounted to $288 million. However, April alone witnessed investments that more than tripled that amount, coming close to reaching a remarkable $1 billion.
The report also highlighted the positive growth of the metaverse in April. Mocaverse, one of the top metaverse-related NFT collections, dominated the trading volume with an impressive $8.4 million. Farmland by Pixels followed closely behind with $1.48 million in trading volume. Otherdeed by Otherside also achieved a significant milestone, surpassing $1 million in trading volume.
DappRadar also mentioned the recent moves made by major players in the gaming industry, such as Ubisoft and Square-Enix. These developments indicate a potentially bright future for the blockchain gaming sector. The report’s authors emphasized the significant boost that blockchain gaming has received in April and concluded that the sector is rejuvenated and ready to capitalize on new technologies and innovations.
In related news, a Web3 platform has announced that gaming PCs will become DePIN contributors, further showcasing the integration of blockchain technology into the gaming industry.