Blockchain gaming Archives

Blockchain Gaming and Virtual Worlds Market Report April 2023: DappRadar

The article gives insights into the Growth, Fluctuations, and Innovations in the Blockchain Gaming and Virtual Worlds Industry. Blockchain gaming experienced a slight decline in activity in April 2023 according to a recent report by DappRadar. The report suggests a 10% decrease in overall activity. However, blockchain games still accounted for 38% of on-chain activity, demonstrating their continued relevance and potential for growth. The emergence of new gaming chains such as Arbitrum and Immutable X, with Arbitrum experiencing a 118.36% increase in users and Immutable X witnessing an 8.88% growth, reflects the ongoing expansion of the blockchain gaming ecosystem. This growth will lead to further innovation and a wider range of gaming experiences in the future.

Popular Gaming Chains in April 2023

WAX is the most popular game chain right now, with more than 320,000 unique active wallets (UAW) being used every day. Polygon is in second place with more than 140,000 UAW, followed by Hive with about 86,000 UAW and BNB Chain with 82,000 UAW. Game makers and investors are both interested in Sui, a new blockchain network. Its price has already gone up by 3,800%, which is a lot. Sui is a good option for Web3 game developers because it takes a unique approach to on-chain assets and technical specs. Game designers like that it can process deals in parallel and scale horizontally to keep transaction fees low. Its NFTs can be updated in real time, and it uses a \”object-based\” model. Even though Sui is not compatible with Ethereum, it has gaming benefits that could make it popular with gamers in general. Sui is becoming more popular in the market, which is a good sign for the network\’s growth. It\’s because more Web3 game makers and players are going there.

Virtual Worlds Dapps

In April 2023, the number of trades and sales in virtual worlds dapps fell by 74%, as money moved towards meme coins like PEPE. Increased transaction costs and NFT traders selling their holdings at a loss to join the meme bandwagon were also factors in the drop. Otherdeeds for Otherside, which has a huge share of the market, saw its trade volume drop by 65%, to $34.7 million. But Otherside added a new tool that lets players convert their Otherdeeds into special NFTs and mint them. It separates the stories into the basic Otherdeeds and the expanded Otherdeeds. Even though the economy as a whole was going down, trading traffic in The Sandbox went up by 18.83% because of the Mega City 3 Land Sale. The sale was for more than 250 plots, and buyers of luxury plots could get special asset NFTs.

Epic Games Store and Blockchain Gaming

In the gaming business, blockchain gaming has become a promising new area in the past few years. The Epic Games Store\’s switch to blockchain gaming is one of the newest things to happen in this field. Epic Games opened the Epic Games Store in December 2018 as a digital store for PC games. It goes up against other online stores like Steam and GOG. The first blockchain game to be sold on the Epic Games Store was Blankos Block Party by Mythical Games. It came out in September 2022. Since then, the company has added 18 games to the part of its website for blockchain games.

This is an important move by Epic Games Store because it comes at a time when Steam has chosen not to let blockchain games on its platform. Epic Games Store is using this change to make money in the growing blockchain game industry. Even though CEO Tim Sweeney didn\’t want to use blockchain technology in its own games at first, the company has changed its focus to blockchain gaming. But the company now sees how blockchain technology could be used in games. Also, NFTs can be used to decentralize ownership of assets and create digital rarity.

Epic Games Store\’s move to blockchain games could lead to a big increase in sales. Also, bringing in a wider range of creators and gamers. In 2022, more than $7.6 billion was put into the blockchain gaming business. The investment shows that businesses that want to explore this space have a bright future ahead of them.

Investments in the Blockchain Gaming Industry

In recent years, a lot of money has been put into the blockchain gaming business. In April 2023, $421 million was put into metaverse projects and blockchain games. Bitkraft got $221 million for its second token fund, which shows that investors are still interested in the gaming business. Krafton and Naver Z gave $37 million to Migaloo and hope for it to become a joint venture based in North America. Scytale Digital put $20 million into Mythical Games, which will move its Mythical Chain to the Polkadot network and build a Mythos environment there.

These investments show that the blockchain gaming business has the potential to grow and change. As more investors realize how valuable blockchain gaming is, more money will be put toward making new games and projects in the metaverse.

In April 2023, the number of trades and sales in virtual worlds dapps went down, and money moved towards meme coins like PEPE. But despite the overall drop, trade volume in The Sandbox went up because of the Mega City 3 Land Sale, which offered more than 250 plots and special asset NFTs to people who bought premium plots. DappRadar says that Topia\’s trade volume went up in April 2023, after it had been slow because Minecraft wouldn\’t let NFTs or blockchains be integrated into the game.

Play to Earn Gaming News

Thank you for reading this PlayToEarnGames.com news story. We are the best place to find out what\’s new and exciting in the world of play-to-earn games. Our website has reviews, videos, and in-depth articles about the newest and most exciting P2E games for different platforms.

Our list of P2E games has been carefully put together by a team of experts, and we give you all the information you need to make the most of your gaming time. For the games you\’re interested in, you can find information about game tokens, white papers, and links to social media sites.

We are proud to keep our readers up to date on the latest changes in the gaming industry, such as blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games. Check out our \”Best Games\” and \”Game Lists\” sections to find the best P2E games and developers, or visit our \”Video Game News\” area for daily updates on what\’s going on in the gaming world.

Send us a press release if you\’re putting out a game or have news about PlayToEarn games. Our team of committed PlayToEarn Game news reporters will be happy to cover your event. Our website and reviews of video games should help you find the best play-to-earn (P2E) games. We\’re glad you came to PlayToEarnGames.com

Web3 Adoption Boosting Video Gaming Industry Growth

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How the Adoption of Web3 Technologies is Helping the Video Gaming Industry to Grow Even More! An Analysis of the Predicted Growth, Penetration, and Revenue of the Video Games Industry from 2023 to 2027.

Web3 technologies and their role in the growth of the video gaming industry is a reality now, the report highlights projections and challenges in Web3 gaming and blockchain technology integration.

Web3 technologies and blockchain have allowed gaming and metaverse projects to flourish. The analyzed data in recent research shows that out of the 8000 random projects analyzed in ETH, SOL, and Aptos, 26.6% of them are classified as gaming or metaverse. This means that there are 2128 projects in total that promise to deliver a game or metaverse experience.

The Video Games industry is projected to experience significant revenue growth in the coming years, with revenue reaching US$372.00 billion by 2023 and an annual growth rate of 7.80% from 2023 to 2027, resulting in a projected market volume of US$502.40 billion by 2027.

The industry is expected to have 3.04 billion users by 2027, with user penetration increasing from 34.5% in 2023 to 38.3% by 2027. The largest segment in the industry is Mobile Games, with a projected market volume of US$315.90 billion in 2023. China is expected to generate the most revenue in the industry, with a projected revenue of US$107,300.00 million in 2023.

The average revenue per user (ARPU) in the Video Games segment will reach US$140.20 in 2023.

Web3 Blockchain Projects in ADA, BNB, and AVAX

However, things seem to be even more promising in ADA, BNB, and AVAX blockchains. Out of the 2000 random projects analyzed, 40.9% of them are gaming or metaverse projects.

This means that there are 818 projects in total that are committing to delivering a game or metaverse experience on these blockchains.

The higher percentage of gaming and metaverse projects in ADA, BNB, and AVAX blockchains could be due to various reasons. For example, these blockchains might have more active and robust communities that take interest in gaming and metaverse projects.

Additionally, the lower fees and faster transaction times on these blockchains might make them more attractive for gaming and metaverse developers. It seems that the gaming and metaverse industry is growing rapidly, and blockchain technology is playing a significant role in this growth.

However, as with any investment, it\’s important to do your own research and due diligence before investing in any specific project.

The Significance of Gaming in the Rise of Web3

The potential importance of the gaming industry in driving the mass adoption of Web3 technology comes to the limelight in a recent tweet by one of the leading crypto analysts, NFT GOD. The thread argues that gaming is a perfect use case for NFTs (non-fungible tokens), which are digital assets that are unique and are not replicable or divisible.

NFTs can represent in-game items, such as weapons, armor, or skins, which players can buy, sell, and trade on the blockchain. This creates a new revenue stream for developers and players alike, and it also enables players to own their in-game items truly.

The tweet also emphasizes the dominance of the gaming industry in the attention economy. According to the data, gaming revenue in 2018 was $134 billion, which is more than the revenue generated by movies, TV, and music combined ($50 billion).

This suggests that gaming is a more significant cultural force than other forms of entertainment, and it has the potential to shape the way people interact with technology and media.

Finally, it argues that gaming is the future of Web3, implying that gaming will play a critical role in driving the adoption of Web3 technology by mainstream users. This is because gaming is a more accessible and relatable use case for blockchain technology than other applications, such as finance or supply chain management.

As more gamers become familiar with blockchain technology through gaming, they may become more comfortable using Web3 applications for other purposes as well.

Major Concerns and Challenges Ahead in Web3 Gaming

Saturation:

The gaming market is becoming increasingly crowdy with new games rolling out every week or so. As more games enter the market, it becomes more challenging for developers to attract players and gain traction.

This is because players have limited time and attention spans and are more likely to stick with games that they know and love, rather than trying out new games.

Lack of Quality in Web3 Games:

With so many games making it to the market, there is a risk of low-quality games. Developers may rush to release their games to keep up with the competition, leading to bugs, glitches, and other issues that can impact the player experience.

Fragmentation:

As players have more options to choose from, they may spread their time and attention across multiple games, resulting in a lack of engagement in any one game. This can be particularly challenging for multiplayer games, where player engagement is essential for a vibrant and active community.

Play to Earn Gaming News

Want to know the most profitable (P2E) games to play? We provide reviews of video games on our website. Our large collection of P2E games was carefully put together to give you all the information you need.

Add details on the game\’s kind, platform, tokens, white papers, and social media links. On our website, you can find the latest gaming news as well as game trailers and in-depth reviews. We are pleased to provide you with daily news updates on the most recent play-to-earn, P2E, blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games.

Find the top P2E games and developers by browsing our \”Best Games\” and \”Game Lists\” sections. If you want to know what\’s going on in the gaming industry, check out our \”Video Game News\” section daily.

If you are launching a game or have news regarding PlayToEarn games, please send us a press release. Our PlayToEarn Game news reporters will cover the event. Our website with video game reviews will assist you in locating the top play-to-earn, P2E games.

Everything You Need to Know About Blockchain Game Reviews 2023

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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.

\"Find — 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.

DappRadar Report January \’23

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The Blockchain Gaming Industry Bullish in January 2023,DappRadar Reports

Video games and gamers constitute almost half of all the activity on blockchain technology in the last month of the new year. This new metrics report by DappRadar shows that blockchain gaming is pretty bullish at the moment thanks to several reasons. With the advent of technology, the world of gaming has also evolved. In recent years, blockchain gaming seems to be the first choice for many investors in the gaming industry. This new technology has the potential to transform many industries. In addition, blockchain gaming has enhanced user experience by offering a reliable, secure, and transparent way to perform digital transactions. This trend has progressed in a variety of ways, from letting players design their own characters, themes, and even gameplay.

Despite a challenging 2022, the blockchain sector has made a promising start in 2023. One of the leading industries taking a lead this year is blockchain gaming. A recent DappRadar report uncovered some interesting trends regarding the growth of blockchain gaming and funding.

Gaming Tokens Bullish in 2023

In the last month, gaming tokens gained an impressive surge, showing positive signs for the industry. Blockchain gaming activity as estimated by on-chain data increased by 1.31% in January, with 858,621 daily Unique Active Wallets (dUAW) accounting for 48% of dapp activities. Furthermore, the market value for top-performing gaming tokens saw a massive increase of 122% on average. The digital utility token of the Gala Games (GALA) also surged by 218% of its actual value.

ApeCoin and SAND Leads

Among these tokens, ApeCoin remins a dominant player with a market value of $2,112,042,188 as of January 31 and an increase of 51.99% from January 1. SAND is closely following with a market capitalization of $1,254,095,738 and a gain of 86.64%.

GALA Shows a Lot of Potential

The report claims that as industry hype hits general audiences, demand for those gaming tokens is increasing. For instance, Gala Games earned recognition after acquiring a new mobile gaming firm with 15 titles and $20 million in assets managed. As a result, the Gala blockchain network now has a considerably larger user base. Also, a Gala Music artist received a Grammy nomination, which increased awareness of the network. Cryptoslate suggests that FLOKI is currently one of the year\’s top-performing gaming tokens. Despite the fact that the coin has gained 239% over the last 30 days, it is still 88% below its all-time high.

MAGIC Records Increase

MAGIC has also experienced a boost with the hype around TreasureDAO. The goal of this new system is to unite producers, collectors, and fans in a special environment that will be beneficial for them. The gaming industry has responded favorably to the idea, which has assisted in raising the value of MAGIC.

Avalanche\’s AXS Gains Ground

Last but not least, AXS is making ripples with the start of Homeland and Axie Origins Season 2. These actions have increased the AXS blockchain network\’s accessibility and sparked interest among both investors and gamers.

Blockchain Analyst Highlighted the Growth

Sara Gherghelas, a blockchain analyst at DappRadar, told Cointelegraph that it is safe to predict blockchain games will remain to be an evolving segment in the industry based on on-chain data from the previous two years.

“This is because blockchain gaming is already a vertical in the traditional industry. As blockchain gains more traction, it will bring more adoption to Web3 games which will become mainstream.”

Because of the buzz surrounding the Yuga Labs ecosystem, ApeCoin has experienced a rise in demand. Another high point for the NFT giants was the Sewer Pass debut in January. To play the skill-based game Dookey Dash, you need the Sewer Pass.

Report Summary

To summarize our analysis, blockchain gaming has collectively raised $156 million from 10 investments in the industry. Courtside ventures became the most notable investor with a total of $100 million for its third early-stage capital fund. It would be correct to say that consistent funding has prepared the ground for a significant boost in 2023.

This year appears to be a recovery period for the blockchain industry after a challenging time. Investors are now backing studios that have a track record of developing Web3 games, and they are planning for the future up to five or ten years ahead. In 2023, the blockchain gaming market will experience a change in plan that will give developers new challenges and opportunities as players and investors place a higher priority on quality than quantity. The future looks promising, and we believe that the blockchain gaming sector will continue to develop and advance.

Play to Earn Games 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.

Blockchain Games: Altcoins to Watch

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GameFi: The Future of Gaming

The gaming industry is constantly evolving, and GameFi, also known as blockchain-based gaming, is the latest innovation that promises to transform the entire sector. With the rise of play-to-earn games, players now have the opportunity to earn real money while enjoying immersive gameplay. This is made possible through the use of cryptocurrencies, which are increasingly being adopted by the gaming community.

GameFi has the potential to revolutionize the gaming industry and offer gamers the opportunity to earn real money while playing. The above list of top new altcoins is not exhaustive and we will continue to update it with the most promising blockchain games and their altcoins in 2023.

Top Altcoins to Watch in 2023

As the demand for blockchain games continues to grow, so does the number of altcoins associated with these games. Here are some of the most promising altcoins to keep an eye on in 2023:

My Neighbor Alice (ALICE)

A top pick for altcoin investment is My Neighbour Alice (ALICE), an interactive gaming platform with a thriving community. Players embark on a captivating journey as they construct a personalized virtual world, making each experience unique.

My Neighbour Alice offers virtual property that can be bought, sold, or developed. The game world is full of adventures and territories to discover, with players crafting their own stories while using DeFi services. Its rich gaming and DeFi experience offer plenty to gamers.

My Neighbour Alice has an integrated lending and borrowing service where players can deposit digital assets and use them as collateral. Players can also stake tokens to earn passive income and trade in-game items with actual financial value.

Why ALICE?

ALICE altcoin is a top choice among new altcoins to invest in, as it blends gaming with a comprehensive DeFi platform. It offers accessible financial services and an immersive virtual reality gaming experience.

The Sandbox (SAND)

The Sandbox (SAND) ranks second among the best new altcoins to invest in. It is a public virtual world allowing players to create, own, and earn from their gaming experiences. The platform integrates three key elements: gaming, a marketplace, and the SAND token for utility.

The gameplay in The Sandbox is built on user-generated content (UGC). The metaverse enables users to design their own games with adjustable rules and create a 3D world using the platform\’s creation tools.

In The Sandbox\’s integrated marketplace, game assets can be traded securely on the blockchain. The platform uses non-fungible tokens (NFTs) to monetize user-generated content, allowing players to trade minted NFTs representing items, games, and other creations.

Why SAND?

The Sandbox enables users to construct 3D games and virtual experiences without extensive programming skills. The platform lowers barriers for aspiring developers and streamlines the monetization process.

The objective of The Sandbox is to empower players to fully control their creations while participating in a larger online community, offering long-term potential. This makes it a top choice among new altcoins to invest in.

Illuvium (ILV)

Illuvium (ILV) is another project that belongs on the list of top new altcoins to invest in. It merges the advantages of blockchain with a AAA gaming experience. The objective of Illuvium is to establish a platform that facilitates seamless player interaction in an immersive virtual world.

Illuvium features a sophisticated storyline and realistic graphics with its blockchain integration. Players can compete against others, complete quests, and earn cryptocurrency rewards while advancing in the game.

Additionally, Illuvium provides digital assets with intrinsic financial value. Players can acquire in-game items as NFTs, which can be traded for profit in a peer-to-peer marketplace or collected to enhance their arsenal of customizable items for battles.

Why ILV?

Illuvium blends elements from classic gaming with blockchain technology to improve the user experience, making it a top new altcoin to invest in. Boasting a captivating storyline and high-quality graphics, Illuvium has the potential to become a leading blockchain-based game.

Star Atlas (ATLAS)

Next on the list, we have something for space and astronomy fans where players shall wander in space exploring far-away galaxies. The game is Star Atlas and its altcoin is ATLAS which players can win through the game’s play to earn medium. The game is a space adventure simulator with advanced Defi mechanics. The goal is to build a spaceship using foraged items, finish tasks, and earn tokens. Players can also trade in-game NFTs to make a profit from them.

The game features a rich storyline with multiple prominent extraterrestrial factions at war in the cosmos. Players must plan carefully to traverse the universe and may launch raids on enemy vessels after selecting a faction to align with.

Why ATLAS?

Star Atlas is a cutting-edge virtual gaming platform, making it one of the top new altcoins to invest in. Its massive open-world map, powered by Unreal Engine, delivers stunning graphics. Players can immerse themselves in another realm while engaging in spaceship battles. With the potential to play a major role in the GameFi revolution, the project is worth watching in the coming years.

In another major development, Amazon, the world\’s largest retailer, is reportedly entering the Web3 space. According to a report by Blockworks, it could involve blockchain gaming, NFTs, an NFT marketplace, or a combination of these.

Stay Up-to-date on our play to earn gaming news or check our directory of games.