Messari reported that monthly gamers and new players in blockchain games fell 30% and 34% respectively, while investment in blockchain games remained strong. As venture capital firms continue to show confidence in the long-term prospects of the sector.
after the first wave of the game “play-to-earn” games like Axie Infinity gained popularity during the crypto bull market, where blockchain gaming was once seen as a good way to convince consumers to adopt web3 and turn it on. Digital wallet and own more digital assets.
But Axie Inifity’s popularity crumbled when the bear market set in. which in the past several months The sharp drop in cryptocurrency prices and NFT token trading volumes also affected the gaming market. But investments in blockchain games and NFT projects are still going strong. Hundreds of millions of dollars of new investment is drawn each month.
“We’re starting to see games with millions of players,” Mythical Games CEO John Linden said last month, with Linden encouraged by the growth of his company’s Blankos Block Party game. But he knew there was still a long way to go.
“Blankos has one million players, Axie has two to three million players. But that’s still not a big deal. For example, Call of Duty mobile games have 500 million people, Niantic games have over a billion people. That’s still very young.” Mythical Games is currently valued at $1.25 billion.able to raise funds $150 million in 2021 from investors including Andreessen Horowitz
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