Reports of the death of Web3 gaming have been greatly exaggerated, according to the latest findings from DappRadar x BGA Games Report #20. Despite claims to the contrary, the sector saw a significant surge during October, marking a crucial turning point for blockchain gaming and the metaverse.
Gaming claimed the lion’s share of daily Unique Active Wallets (dUAW), reaching 1 million and accounting for an impressive 33% of the industry’s monthly activity. This suggests that blockchain gaming is not merely surviving but is making its mark on the Web3 arena. Leading the pack are WAX and Celo, with the former recording over 406,030 daily UAW and a heft 538% rise in gaming activity noted for the latter.
Alien Worlds, the most used gaming dapp, continued to draw a steady following, securing 133,000 daily UAW. Meanwhile, the market for virtual world dapps also showed resilience and a shift towards growth, with trading volumes escalating by 19% to $3.8 million and an accompanying 17% upsurge in land sales.
The Web3 gaming space also retained its attraction for investors. Despite a modest 4% downturn from the previous month, investments within the sector stand strong at $154 million for October. This serves as testimony to enduring investor faith.
Two significant developments have also been noted. Pixels’ move to Ronin has led to a significant uptick in Unique Active Wallets, underlining the impact of strategic network choices. In addition, emergent leaders in the shape of the NEAR Protocol and Skale Network suggest shifts in gaming infrastructure are underway.
In sum, the Web3 gaming sector stands on solid ground as the year 2023 advances towards its close. Innovative evolution, strategic growth, and sustained investor attention are driving this exciting sector. Far from fading away, Web3 gaming remains a vibrant and essential segment of the evolving Web3 landscape.