The latest DappRadar x BGA Games Report #5, whichpublishon tuesday Considering the good ecosystem and investment that has gone into the GameFi and metaverse markets, it continues to grow.
Several projects are covered in detail in the report. which sums up the success and continued growth of the project. Splinterlands, Illuvium, Galaverse, and STEPN continue to bring new players to their platforms nicely. and get financial attention and expanding their business continually
DappRadar claims that the theme between these popular projects is the basic utility provided in terms of gaming, with GameFi and Metaverse projects starting to use nonfungible (NFT) tokens and tokens. Other non-speculative forms of crypto — one example is the NFT shoes in the STEPN move-to-earn (M2E) project, which can be bought and sold on the STEPN metaverse, potentially providing incentives in addition to the cryptocurrency workout. game
The report states that gameplay was demonstrated at least partially in the context of the Metaverse in Q2 2022 as Bitcoin dropped in early June. But blockchain game Illuvium sold 20,000 plots of land, generating 4,018 Ether ( ETH ), which was worth $72 million at the time the sale took place. and the report also recommends Splinterlands There have been 350,000 unique daily active wallets (UAW) since May. which shows a slight drop of only 4% from April.
Investment continues to circulate in this space as well, with A16z and Dapper Labs investing $1.3 billion in GameFI and metaverse technologies, and this appears to indicate continued interest and support for venture capital. It also received a $725 million investment from Dapper Labs to support metaverse-related initiatives such as NBA Top Shots.
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