Blockchain & Video Games

Blockchain Games: Are Gamers Ready for the Next Level?

Are you ready to play games at the next level, gamers? Blockchain games are a new technology that is shaking up the gaming business. With the potential to change how players talk to each other and use game assets.

As blockchain technology continues to grow in popularity, more and more game makers are using it. Giving gamers more ways to get rewards and trade digital assets.

But what do gamers think about this new tech? Are they ready to play games that use the blockchain? Or do they think it makes the game more complicated and isn\’t necessary?

In this article, we will talk about how gamers see blockchain games. Also, how well these games work technically and how people like them. And what will happen to blockchain games in the gaming business in the future.

The Impact of Blockchain on Gamers

Blockchain technology is making waves in many industries, including the gaming industry. Decentralized systems are used in blockchain games to give players a new level of interaction, ownership, and safety.

When blockchain technology is used in the gaming industry, it makes transactions clear, fair, and safe. And this has made a lot of gamers interested.

But, like any other new technology, blockchain games raise a lot of questions. Are players ready for this new level of ownership and interaction? Are games on the blockchain easy to understand?

How are gamers participating? And will there ever be enough blockchain games for a critical mass? Some of the questions we will try to answer in this article are the ones above.

In this article, we\’ll look more closely at how gamers think about blockchain games. How easy they are to understand and how well these games are liked by people. We will also talk about what will happen to blockchain games in the future and if they will reach a critical mass.

By the end of this article, you\’ll know more about how blockchain affects the gaming industry and what it means for the future of gaming as a whole.

The Perception of Blockchain Games Among Gamers

Blockchain games are fairly new, and it will be interesting to see how people play them. Many gamers see blockchain games as a way to make the gaming industry more open and fair.

With blockchain technology, players can keep track of their in-game items and make sure they don\’t get lost or stolen. Also, blockchain games can give players a sense of ownership and let them get real-world rewards for what they do in the game.

The 2022 ZEBEDEE Blockchain Gaming Survey gives us a better idea of how people in general feel. It shows how gamers feel about new blockchain-based gaming technologies like NFTs and Play-and-Earn Bitcoin gaming. As well as how much they know about and feel about cryptocurrencies in general.

The survey found that most U.S. gamers are either positive or neutral about web3 technologies, even though they think blockchain integration with gaming is bad. Technologies that will let players trade or sell in-game items with other players.

The survey also showed that not everyone thinks the same way about all cryptocurrencies. With more established assets, like Bitcoin, being much more popular than newer tokens and non-fungible tokens (NFTs).

Findings from the survey include:

  • The majority of gamers (67%) would be more likely to play free games if they provided opportunities to earn cryptocurrencies as rewards.
  • 45% of respondents believe having the ability to easily sell or trade video game characters and items with other gamers would be beneficial compared to 23% who believe it may have a negative impact their experience. 32% said they currently have no opinion on the subject.
  • Gamers are five times more interested in earning Bitcoin (27%) than NFTs (5%). This indicates that the gaming industry may be wrong in focusing primarily on NFT rewards.
  • Only 10% of respondents have a negative view about the integration of web3 technology into games (19% feel it\’s driven by business interests).
  • Although the majority of U.S. gamers do not own any cryptocurrencies (55%), Bitcoin is the dominant cryptocurrency of choice among gamers that do (25%), followed by Ethereum (18%) and Dogecoin (14%).
  • The majority of gamers (64%) have never played Play-and-Earn games with financial rewards, indicating large potential for future growth for these types of games.
  • 38% of U.S. gamers say they don\’t know anything about cryptocurrencies, NFTs, and blockchain technologies being applied to gaming.

These survey findings suggest that there is significant interest among gamers in blockchain games. And the potential to earn cryptocurrencies as rewards. However, there is still a need for more education and awareness about cryptocurrencies and blockchain technology.

Additionally, the gaming industry should consider the appeal of established cryptocurrencies like Bitcoin when offering rewards to gamers.

Understanding Blockchain Games

Blockchain games are a type of video game that uses the blockchain to improve gameplay and give players new options. In technical terms, blockchain games use decentralized ledgers to track and verify ownership of in-game assets like characters, weapons, and other virtual items.

This means that players really own the things they have. Which can be transferred, sold, or traded safely and openly with other players.

Even though blockchain games have benefits like real ownership of assets and the chance to earn cryptocurrency, they can be hard to understand for some gamers.

Smart contracts and cryptocurrencies are important for many blockchain games. And other technical ideas that some players might not know. Also, the controls for these games can be harder to use than those for traditional video games. This will need a higher level of technical skill.

But as blockchain technology and the gaming industry continue to change, developers are coming up with new ways for gamers to play blockchain games. This includes making the user interfaces better and making the tutorials easier to follow. And making games that don\’t need as much technical know-how to play.

Overall, some players may find the technical parts of blockchain games hard to understand, but the benefits and opportunities they offer are big. Because of this, they are an exciting new addition to the gaming industry.

Social Acceptance of Blockchain Games

For any new technology to catch on, social acceptance is important, and blockchain games are no different. One important sign of social acceptance is whether or not a gamer\’s friends play the same game.

The 2022 ZEBEDEE Blockchain Gaming Survey found that 27% of U.S. gamers are interested in using blockchain games to earn Bitcoin. showing that more and more people want to play these kinds of games.

But only 14% of those who answered said they have friends who play blockchain games. This suggests that these games are still not very popular in the real world.

Even so, gamers are still finding ways to play blockchain games. Some people find these games on their own by joining online groups. Some of them learn about them through traditional gaming channels, like streaming sites like Twitch or YouTube.

Some blockchain games also work with traditional game developers and publishers to reach more people.

Axie Infinity is an example of a popular blockchain game where players can earn cryptocurrency. By making \”Axies\” and then breeding, fighting, and trading them. Axie Infinity has a big fan base and has helped many gamers get into blockchain gaming. Even with what has happened recently, it is still a game that shows how blockchain gaming can be used.

As blockchain games continue to gain popularity and become more common, social acceptance is likely to grow as well. Making it easier for gamers to join in and meet other people who like the same games they do.

The Future of Blockchain Games

As blockchain games continue to gain traction, many are wondering whether they will reach a critical mass in the future. The technology is still relatively new and unfamiliar to many gamers.

The ZEBEDEE Blockchain Gaming Survey revealed that the majority of U.S. gamers are supportive or neutral about web3 technologies, that make in-game assets transferable for exchange or sale with other gamers.

Additionally, 67% of gamers said they would be more likely to play free games. If they provided opportunities to earn cryptocurrencies as rewards.

One factor that may contribute to the growth of blockchain games is the increasing popularity of cryptocurrencies and the growing acceptance of blockchain technology. As more people become familiar with these technologies, it may become easier for them to understand and embrace blockchain games.

However, there are also several factors that may hinder the growth of blockchain games. One major obstacle is the complexity of the technology. While blockchain games offer many benefits, they also require a certain level of technical understanding that may be intimidating for some gamers.

Another potential challenge is the perception of blockchain games as a niche market. Many gamers may not be aware of these games or may not see them as a viable alternative to traditional games.

Despite these challenges, the potential for blockchain games to reach a critical mass cannot be ignored. The ZEBEDEE survey showed that only 38% of U.S. gamers say they don\’t know anything about cryptocurrencies, NFTs and blockchain technologies being applied to gaming. As awareness of these technologies continues to grow, so too may interest in blockchain games.

While it\’s difficult to predict exactly when blockchain games will reach a critical mass. Many experts believe that it\’s only a matter of time. Some predict that this could happen within the next few years as more games are developed and as the technology becomes more widely adopted.

As with any emerging technology, there is always some level of uncertainty, but the potential for blockchain games to revolutionize the gaming industry is certainly exciting.

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Explore the Future of Gaming with Blockchain Games. Discover what Gamers Think, the Technical Aspects, and Predictions for What\’s to Come.

Conclusion Blockchain Games & Gamers

In the end, blockchain games are a good step forward for the gaming industry. Even though some gamers are still skeptical, recent polls have shown that the majority of gamers are either in favor or don\’t mind.

They are open to web3 technologies that allow players to trade or sell in-game items with other players. Gamers are also becoming more interested in getting cryptocurrencies, especially Bitcoin, as rewards in free games.

Some gamers may find it hard to understand the technical parts of blockchain games. But as technology gets better and easier to use, this problem is likely to be solved.

Also, blockchain games are becoming more accepted in society as more people play them and tell their friends about them.

The future of blockchain games looks good, and they might reach a critical mass soon. One of the main things that will lead to this growth is that more people will start using cryptocurrencies.

But also the making of blockchain games that are easier to use and the release of high-quality, popular games that use blockchain technology.

Overall, blockchain games are an exciting new frontier in the gaming industry. With the potential to change how we play games and get rewards.

As technology and social acceptance continue to improve, more and more gamers are likely to start playing blockchain games. In the years to come, this will lead to even more new ideas and growth.

Everything You Need to Know About Blockchain Game Reviews 2023

Blockchain technology has revolutionized various industries, including gaming. Blockchain gaming involves the use of decentralized systems to create, operate and distribute digital games. These games use blockchain technology to enhance the player\’s experience, facilitate secure transactions, and enable ownership of in-game assets.

As the popularity of blockchain gaming continues to grow, so does the need for reliable and trustworthy blockchain game reviews. Playtoearngames.com is a site dedicated to providing accurate and impartial reviews of blockchain games, helping players navigate the vast and ever-expanding world of blockchain gaming.

What are Blockchain Games?

Blockchain games are digital games that use blockchain technology to provide players with unique gaming experiences. Unlike traditional games, blockchain games operate on decentralized systems that enable players to earn rewards and trade in-game assets without the need for intermediaries.

Blockchain games use blockchain technology to create unique digital assets that are secured and verified by the blockchain network. These assets, also known as non-fungible tokens (NFTs), provide players with ownership rights, which they can use to trade and monetize their in-game assets.

How to Find Blockchain Games

With the increasing popularity of blockchain gaming, there is an ever-growing number of blockchain games available. Here are some ways to find the best blockchain games:

Exploring Blockchain Game List Websites

There are many blockchain game list websites available online that provide reviews and ratings of different blockchain games. These websites offer a comprehensive list of blockchain games, allowing players to find new and exciting games easily.

Discovering New Blockchain Games through Social Media and Community Forums

Social media platforms such as Twitter, Reddit, and Discord are excellent places to discover new blockchain games. By following blockchain game developers and participating in blockchain gaming communities, players can stay up-to-date with the latest developments and news in the industry.

What to Look for in a Good Blockchain Game

Not all blockchain games are created equal, and finding a good blockchain game can be challenging. Here are some characteristics of a good blockchain game:

  • Unique and innovative gameplay that utilizes blockchain technology.
  • An active and engaged community of players and developers.
  • Clear and transparent game mechanics, including a robust in-game economy.
  • Decentralized and secure systems that enable players to own and trade in-game assets.

Examples of Successful Blockchain Games

Several blockchain games have already achieved success and have established themselves as major players in the blockchain gaming industry. Here are some examples:

  • Axie Infinity: A blockchain-based game that enables players to collect and breed cute creatures called Axies. The game has become hugely popular, with players earning real-world money by playing the game.
  • Gods Unchained: A blockchain-based card game that allows players to collect and trade rare and valuable cards. The game has raised millions of dollars in funding and has attracted a large and dedicated community of players.
  • The Sandbox: A blockchain-based game that allows players to build and monetize their virtual worlds using non-fungible tokens (NFTs). The game has already sold millions of dollars worth of NFTs and has attracted partnerships with major companies such as Atari and Square Enix.
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Find the best blockchain games list with our blockchain game reviews. Discover the latest and most innovative blockchain games today.

How to Review Blockchain Games

The purpose of a blockchain game review is to provide players with accurate and unbiased information about the game\’s features, gameplay, and overall experience. Here are some things to consider when reviewing a blockchain game:

Gameplay and Mechanics

The first thing to consider when reviewing a blockchain game is the gameplay and mechanics. Is the game fun and engaging? Is it easy to play, or is it overly complex? Does the game make use of blockchain technology in innovative and interesting ways?

In-Game Economy

The in-game economy is another critical aspect of a blockchain game. Is the game\’s economy clear and transparent? Can players easily earn and trade in-game assets? Are there any restrictions or limitations on trading or earning rewards?

Security and Decentralization

Security and decentralization are essential elements of any blockchain game. Is the game built on a secure and decentralized blockchain network? Are in-game assets protected from theft or fraud? Does the game provide players with full ownership and control over their in-game assets?

Conclusion

Blockchain gaming is an exciting and rapidly growing industry, with new games and technologies emerging all the time. As the industry continues to mature, reliable and trustworthy blockchain game reviews will become even more critical.

Playtoearngames.com is a site dedicated to providing accurate and impartial reviews of blockchain games, helping players navigate the vast and ever-expanding world of blockchain gaming. By following the tips and guidelines provided in this article, players can find the best blockchain games and make informed decisions about which games to play and invest in.

Decentraland, Undead Blocks, and More on Web3 NFT Gaming

Decentraland fashion week, Champions Ascension tournament, NFTs making headlines, and Undead Blocks rolling out Play and Earn features in this week\’s Web3 gaming news.

A lot of play to earn and blockchain gaming activity happened earlier this week. Several games like Undead Blocks, Champions Ascension, Decentraland, and more have come up with their updates. Now you can earn ZBUX by killing zombies, play Champions Ascension without a Web3 wallet, and more. We also saw the winner of Dookey Dash Key NFT making millions by auctioning it off. Moreover, we also have a Web3 metaverse fashion week coming up in Decentralnad. Mirandus also has a playtest open for players to test rolling dice. We also saw some big partnerships where Animoca Brands expands to the MENA region and join hands with Manga Productions and more.

  • Decentraland Metaverse Fashion Week
  • Undead Blocks Daily Play and Earn Feature
  • Champions Ascension First Blood Tournament
  • Mirandus Roll the Dice Game
  • Dookey Dash Winner Bags Millions
  • Ev.io Lets you Burn NFTs

Decentraland Metaverse Fashion Week

Decentraland announces its annual metaverse fashion week eyeing the end of March. The fashion week will host iconic fashion names in the industry like Tommy Hilfiger, Adidas, and COACH. From March 28th to March 31st, the event will show how virtual fashion and interoperability have changed. This year\’s Metaverse Fashion Week has the theme \”Future Heritage,\” which encourages both old-school and new-school fashion designers to connect.

Within Decentraland\’s Luxury Fashion District, a virtual event will be held that includes storefronts for multiple fashion brands. Adidas will be participating in Metaverse Fashion Week for the first time, offering an experience that connects users who own a piece from the company\’s Virtual Gear digital wearables NFT collection. Those who possess Virtual Gear NFTs will be provided with a 3D replica of their NFT, which can be worn by their Decentraland avatar.

Undead Blocks Daily Play and Earn Feature

Undead Blocks is gearing up to launch a novel \”play and earn\” feature on a daily basis! Players who own Undead Blocks weapon NFTs will have the opportunity to participate in a special solo VIP mode where they can acquire Gold ZBUX, the most dazzling of all the ZBUX available.

This feature, known as VIP Mode or \”grind to earn,\” enables players to earn Gold ZBUX while playing the game. These Gold ZBUX can be used to upgrade weapon packs, add weapons and attachments to their inventory, obtain exclusive in-game items and Loot Coffins, or exchange them for various cryptocurrencies.

Champions Ascension First Blood Tournament

The Emperor\’s heralds announce and fight to earn a tournament in Champions Ascension. It will host sixty-four fighters who will compete in the arena to determine the ultimate champion!

Sign-ups for the tournament are currently open, but with only sixty-four slots available. The Champions Ascension team has created a waitlist for those who may drop out. Those who are interested are asked to sign up only if they can make both times.

Round one will take place on March 11th, featuring six rounds of a Swiss-style tournament. The top eight competitors will advance to the final round. Players will compete in a single elimination tournament on March 18th to crown the ultimate champion of the lands.

The victor of the tournament will receive an Elemental Eternal NFT, with another one being raffled among all the participants. Audiences can track the tournament matchups and status here once they are posted.

Mirandus Roll the Dice Game

Mirandus is slowly but surely at it and the development continues for this Web3 game. The Mirandus team conducted an initial tech test of their Tavern Games in late 2022, and they are now prepared to offer a more comprehensive playtest to players in early March 2023. This Mirandus playtest is designed to assess the Tavern Games, a collection of mini-games within the game that are intended to amuse players. The Three-Eyed Snake, a game involving dice rolling and betting, will be featured in this testing phase.

The playtest is available to anyone who has a Gala Games account, which is free to create and does not require KYC verification. To play Three-Eyed Snake, players must have copper coins. Each player will get six copper coins every six hours, for a total of 30 coins. Also, players may get more copper coins depending on how many NFT and MTRM they have in their wallet. At the end of the playtest, the top ten players with the most copper coins will be able to get a Tavern Tankard from the first edition as a prize.

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Decentraland, Undead Blocks, Web3, NFT, Gaming

Dookey Dash NFT Winner Bags Millions

Who said NFTs were dead in Web3 and elsewhere? It is still pretty much making headlines around the world. An 18-year-old pro gamer \’Mongraal\’ sells Dookey Dash NFT Key for a whopping $1.63 Million

The Dookey Dash NFT competition by Yuga Labs is finally over and the winner made quite a bank. We have seen traditional esports stars make their way into the competitive scene of Web3. Fortnite esports star Mongraal was the winner of Dookey Dash key NFT and eventually sold it for $1.63 million. Kyle Mongraal Jackson sold the NFT key to a billionaire entrepreneur, Adam Weitsman, for 1000 ETH. However, the professional gamer wanted to sell the NFT for 3333 ETH, which is $5.43 million in USD. This whole NFT episode affirms that NFTs are surely down but not out at the moment. Dookey Dash Key NFT is associated with Bored Ape Yacht Club, which has a history of popular NFTs.

Ev.io Lets you Burn NFTs

Another NFT news where Ev.io, an award-winning FPS game, has introduced a new feature called \”item burning.\” It marks the first step towards crafting in the game. Item burning allows players to enhance certain game NFTs by burning them to improve other game NFTs. Although this feature may seem unexciting at first, it has the potential to spark players\’ interest in crafting and item customization.

This new feature revolves around the concept of \”earning NFTs\” and \”non-earning NFTs\”. Most NFTs in ev.io have an earn value of 1, which means that players can receive bonuses to their token earnings when equipped with those items. However, some special edition NFTs have an earn value of 0, and this is where item burning comes into play.

Players can burn an earning NFT to convert a non-earning NFT into an earning NFT. The improved NFT receives an earn rate appropriate for its rarity, regardless of the rarity of the burned NFT. This means that players can burn common NFTs to upgrade higher rarity special edition cards into earners, potentially receiving a higher NFT value than what they put in.

Play to Earn Gaming News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You\’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games.

Check out our Top Games and game lists to discover the best play-to-earn games. And don\’t forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you\’ll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToEarn Game news writers will cover it.

Game Activity Blockchain: DappRadar

The bullish run continues in the blockchain gaming sector and we have a report to back it up. The first month of 2023 flew by in a wink but the Web3 gaming sector has utilized it to its fullest. According to market analysis firm DappRadar, gaming accounted for 48% of all blockchain activity in January, a rise from 45% in the previous month of December. In January 2023, the number of daily unique active wallets in gaming reached 839,436. The numbers indicate that many users made transactions in blockchain games during the month.

DappRadar Report on January 2023

According to DappRadar\’s latest report, the growth in gaming activity is a positive sign for the long-term prospects of blockchain gaming. However, the low number of users suggests that blockchain gaming still has a long way to go before it becomes widely adopted.

The report read, “The game alphas and updates keep coming in the blockchain space, and there is a growing sense of excitement and anticipation for what the future holds.” “As the sector continues to mature, we can expect to see even more exciting developments in the months to come.”

The outlook may appear optimistic, given the current state of the cryptocurrency market and the global economic recession. Nevertheless, relative to the challenging conditions of 2022, it is time for some optimism in the blockchain gaming industry. There is a possibility that the situation may be improving.

According to DappRadar, the start of 2023 has been marked by a bullish trend, especially in the NFT market. The significant growth and increased activity in on-chain metrics indicate a thriving and promising quarter for NFTs. The total value locked in blockchain protocols (DeFi TVL) reached $74.6 billion, a rise of 26.8% from the previous month.

The NFT Market Recovery

The NFT market saw $941 million in trading volume and 9.2 million in sales count. Polygon was the standout performer, with a 124% increase in trading volume and 157.39% increase in sales count. This was driven by the popularity of its NFT collections such as Collect Donald Trump Cards and the launch of Mocaverse Realm Ticket Pass.

Opensea saw a 66.58% rise in trading volume, reaching $495 million in January 2023, which accounts for 58% of the total NFT market trading volume. Additionally, the amount lost due to exploits in January 2023 was $14.6 million, the lowest recorded since January 2022. DappRadar views these data points as evidence of a recovery.

The NFT market showed signs of recovery in January 2023 with a boost in NFT trading volume and sales count. The NFT trading volume recorded a 37% increase from the previous month, reaching $941 million, which is the highest recorded since June 2022. The sales count of NFTs also rose by 38% from the previous month to 9.2 million.

Ethereum continues to lead the NFT market with a market dominance of 78.5%. Its trading volume saw a significant increase of 37.29% in January 2023, reaching $659 million. Additionally, the sales count of Ethereum-based NFTs rose 7.37% from the previous month to over 2 million. The growth of the Ethereum ecosystem is largely attributed to the success of Yuga Labs\’ NFT collections, particularly the highly popular Sewer Pass access pass NFT for an online game.

Unique Active Wallets Stats January 2023

In January, the number of active gaming wallets increased, however, the number of daily unique active wallets decreased, falling 9.55% to 1,730,542 in comparison to December.

In January, WAX was the most widely used blockchain. The gaming and NFT blockchain saw an average of 394,480 daily unique active wallets, a rise of 3.39% from the previous month. The top dapps on the WAX blockchain were the blockchain game Alien Worlds and the NFT marketplace Atomic Assets.

Polygon came in third place with 191,985 daily unique active wallets. Despite making a significant impact late in 2022, the blockchain ecosystem saw a 5.22% decrease from the previous month. The most popular dapps on Polygon were Benji Bananas and Planet IX.

Planet IX had a successful month, experiencing a 44% increase to reach 141,580 daily unique active wallets. Hive came in fourth place, seeing a 12.31% rise to reach 182,800 daily unique active wallets. The trading card game Splinterlands dominated the activity on Hive. It saw a 5.87% increase in its daily unique active wallets, reaching 340,520.

Solana Blockchain Recovers

In January, the best-performing blockchain was Solana. It experienced a 70% increase, it reached an average of 53,683 daily unique active wallets. The growth was driven by the growing usage of Solana DeFi dapps such as Raydium, MeanFi, Saber, and Orca. According to DappRadar, it appears that the Solana ecosystem is recovering from the impact of the FTX collapse. This could mean a lot of positives for blockchain games.

Solana experienced a 57.33% growth in its total value locked (TVL) to reach $548 million, according to the latest analysis. The success of Marinade Finance, whose TVL rose by 84.32% over the previous 30 days to $152 million, helped to drive this growth. Users who deposit Solana (SOL) tokens with mSOL, a liquid staking derivative, are rewarded as part of a token incentive scheme launched by Marinade Finance. Additionally, Orca and Raydium saw gains in their TVL of 37% and 33%, respectively, for a total of $46 million and $38 million in TVL growth.

Ethereum Blockchain and UAWs in Blockchain Games

The daily average number of unique active wallets in the Ethereum ecosystem in blockchain games increased by 39% to 116,255. This surge comes from the growing popularity of NFT marketplaces like OpenSea and Manifold plus increased activity on these platforms.

Ethereum\’s move to Proof-of-Stake (PoS) has sparked a growing interest in staking solutions, and Lido has seized the opportunity. Its fee revenue has closely aligned with Ethereum PoS earnings, as it directs the received ETH to the staking protocol

Although the overall daily unique active wallets in the industry decreased, NFT\’s on-chain metrics indicate increased activity. It is a positive sign for the market.

OpenSea Remains the Leading NFT Marketplace for Blockchain Games

OpenSea maintained its lead in the NFT market with a 66.58% surge in NFT trading volume. It topped reaching $495 million in January 2023. This dominance of the NFT space was evident with OpenSea accounting for 58% of the total NFT trading volume. The trading volume and the 2.5% transaction fee charged by OpenSea resulted in an estimated revenue of $12.3 million.

DappRadar Concludes About Blockchain Games

“In conclusion, 2023 has started on a high note, with bullish on-chain metrics in the DeFi and NFT markets,” DappRadar said. “The decrease in money lost this month due to exploits, the lowest amount ever recorded in 2022, is a positive indication of the increase in blockchain security.”

“The upward trend in the NFT market and the growth of DeFi platforms give us reason to be optimistic about the future of the crypto market. With these promising developments, we can expect a recovery and continued growth in the coming months.”

Play to Earn Games News

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