In The First Quarter Of 2022, Blockchain-Based Games Raised $2.5 Billion.
According to a recent DappRadar research, blockchain-based games raised $2.5 billion from investors in Q1 2022. If current trends continue, total investments will be 150%Â higher by the end of the year than they were in 2021.
During the first quarter of 2022, high-profile investors spent hundreds of millions of dollars into blockchain-based games and non-fungible token projects, according to a report by DappRadar. For example, Yuga Labs, the studio behind the NFT collection Bored Ape Yacht Club (BAYC), recently raised $450 million from Andreessen Horowitz.
It’s also worth highlighting Temasek’s $200 million investment in Immutable-X (IMX). Gods Unchained and Guilds of Guardians are two of the most popular blockchain games on the platform. The company’s value increased to $2.5 billion as a result of the program.
Since the beginning of the year, blockchain-based games have raised a total of $2.5 billion. The bold forecast predicts that the  total investment in 2022 might exceed $10 billion (assuming the pace stays the same). The entire amount of money invested in the sector was $4 billion last year.
The number of Unique Active Wallets (UAW) has remained consistent. During Q1, 1.17 million UAW connected to blockchain games on a daily basis, down 2% from last year’s Q4 daily average. Despite this, the daily UAW in March topped 1.22 million.
Splinterlands, Alien Worlds, and Crazy Defense Heroes all had over 650,000 daily UAW in March, indicating that top titles are still appealing to their player bases. Decentralized gaming applications accounted for 52% of all blockchain activity in the first quarter.
On the other side, following the buzz generated by Meta’s rebranding a few months ago, interest in the Metaverse appears to have waned. Virtual world trading volume has decreased by 12% since Q4 2021, hitting $430 million in Q1 2022. The average price of lands in The Sandbox and Decentraland fell by 40%, while trading volume fell by 60% and 20%, respectively, on both platforms.
It’s worth noting that the largest crypto hack in history occurred in the first quarter of this year. Hackers broke into Ronin Network’s security system last month and stole around 173,000 ETH and 25.5 million USDC. This amounted to more than $600 million at the time of the attack.
Binance, the world’s largest crypto platform, blacklisted addresses associated with the alleged attacker and temporarily halted all transactions on the Ronin Network to aid the investigation.
Sky Mavis, the blockchain gaming company behind Ronin and Axie Infinity, has promised to pay individuals who have lost money as a result of the assault.
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Patrick
CoinCu News
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Blockchain
In The First Quarter Of 2022, Blockchain-Based Games Raised $2.5 Billion.
According to a recent DappRadar research, blockchain-based games raised $2.5 billion from investors in Q1 2022. If current trends continue, total investments will be 150%Â higher by the end of the year than they were in 2021.
During the first quarter of 2022, high-profile investors spent hundreds of millions of dollars into blockchain-based games and non-fungible token projects, according to a report by DappRadar. For example, Yuga Labs, the studio behind the NFT collection Bored Ape Yacht Club (BAYC), recently raised $450 million from Andreessen Horowitz.
It’s also worth highlighting Temasek’s $200 million investment in Immutable-X (IMX). Gods Unchained and Guilds of Guardians are two of the most popular blockchain games on the platform. The company’s value increased to $2.5 billion as a result of the program.
Since the beginning of the year, blockchain-based games have raised a total of $2.5 billion. The bold forecast predicts that the  total investment in 2022 might exceed $10 billion (assuming the pace stays the same). The entire amount of money invested in the sector was $4 billion last year.
The number of Unique Active Wallets (UAW) has remained consistent. During Q1, 1.17 million UAW connected to blockchain games on a daily basis, down 2% from last year’s Q4 daily average. Despite this, the daily UAW in March topped 1.22 million.
Splinterlands, Alien Worlds, and Crazy Defense Heroes all had over 650,000 daily UAW in March, indicating that top titles are still appealing to their player bases. Decentralized gaming applications accounted for 52% of all blockchain activity in the first quarter.
On the other side, following the buzz generated by Meta’s rebranding a few months ago, interest in the Metaverse appears to have waned. Virtual world trading volume has decreased by 12% since Q4 2021, hitting $430 million in Q1 2022. The average price of lands in The Sandbox and Decentraland fell by 40%, while trading volume fell by 60% and 20%, respectively, on both platforms.
It’s worth noting that the largest crypto hack in history occurred in the first quarter of this year. Hackers broke into Ronin Network’s security system last month and stole around 173,000 ETH and 25.5 million USDC. This amounted to more than $600 million at the time of the attack.
Binance, the world’s largest crypto platform, blacklisted addresses associated with the alleged attacker and temporarily halted all transactions on the Ronin Network to aid the investigation.
Sky Mavis, the blockchain gaming company behind Ronin and Axie Infinity, has promised to pay individuals who have lost money as a result of the assault.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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