Over 1 million daily active wallets now engage with Web3 games as investments pour in, signaling a potential inflection point for the industry.
Crypto Gaming’s 1 Million Wallet Milestone
According to the latest DappRadar x BGA Games report, blockchain gaming has reached an adoption milestone, with over 1 million daily active wallets connected to decentralized gaming apps. This represents 33% of all activity across Web3 apps.
The report provides evidence that despite market turmoil, gamers continue engaging with blockchain-based games offering new models of digital asset ownership and incentives.
WAX Leads While Newcomers Gain Ground
The WAX blockchain maintained its top spot with 406,030 daily active users, up 8% month-over-month. The enduring popularity of Alien Worlds and WAX’s extensive catalog of over 150 games fuels its leadership position.
However, other chains registered even stronger growth. NEAR Protocol’s user base jumped 34% to 229,603 wallets. A staggering 538% explosion in activity on Celo resulted from the new viral game BLCR.
Additionally, BNB Chain gained 13% more daily active wallets, showcasing steady expansion. Skale Network was also impressed with 46% growth thanks to games like CryptoBlades.
Major Game Migration Boosts Adoption
A key driver of growth was the migration of major game Pixels to the Ronin sidechain. This switch led Ronin’s activity to surge over 17x. The move demonstrates the importance of matching games to the optimal blockchain infrastructure.
Splinterlands and Nine Chronicles Lead on Gameplay
On the game front, Alien Worlds retained its spot as the top blockchain game. However, Splinterlands and Nine Chronicles introduced compelling updates focused on enhancing gameplay and the user experience.
This reveals that while blockchain mechanics like true ownership matter, fun and engaging gameplay represent the heart of adoption.
Investments Flow Despite Crypto Winter
Remarkably, October saw over $154 million invested in blockchain gaming amid the bear market. Capital continues pouring into the sector from funds like Animoca Brands and WEMIX.
This commitment highlights the belief that blockchain gaming represents the future of digital entertainment and virtual worlds. The trends support those optimistic outlooks.
Virtual Worlds See Renewed Interest
Beyond gaming, virtual worlds like Decentraland and The Sandbox also showed positive momentum last month. Trading volumes rose 19% to $3.8 million, while land sales spiked 17%.
Events like Decentraland’s AI Expo and new leadership at The Sandbox indicate the foundational steps towards realizing the metaverse continue despite market headwinds.
Key Takeaways: Growth With Room to Expand
The October 2022 data and developments underscore the ongoing traction and mainstream appeal of blockchain-based gaming concepts.
While the million wallet metric marks a major milestone, it also represents just the beginning of what platforms can deliver on usability and fun. As tools and infrastructure improve, exponential growth could occur.
For now, the numbers signal strong resilience even amidst the crypto winter. Continued usage and investments set the stage for an engaging new paradigm as Web3 and gaming converge.
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