January 2022 will still be difficult for crypto investors as the market faces volatility in the prices of Bitcoin (BTC) and other cryptocurrencies, with some suggesting that the slump was due to the intention of the US government to have a “pretty volatility.” New interest rate hikes and political turmoil in Kazakhstan This caused the hash rate of Bitcoin to drop dramatically.
On the other hand, NFT token trading and blockchain games don’t seem to be following the market downturn. followAs reported by DappRadar, NFT transactions continue to rise amid falling crypto prices, with the report stating that “the number of UAW-connected Ethereum NFT DApps has increased 43% since Q3 2021,” the report also shows. It sees NFT traded proceeds growing from $10.7 billion in Q3 2021 to $11.9 billion in the first ten days of 2022, with recent developments in the NFT space, such as the launch of the LooksRare marketplace, which It may play a part in this growth as well.
The report also stated that “Blockchain games continue to be popular,” he noted. With “52% industry use,” expanding metaverse development, coupled with the growing success of the play-to-earn model, further strengthens the blockchain game that will continue to grow over time. year 2022
Growing Interest in NFT and Blockchain Games During Market Downturns This may partly be attributed to the Chinese audience. That coincides with a recent announcement from China that said the country would begin developing its own non-cryptocurrency NFT industry, according to DappRadar, “Now China has the widest user base…a 166% increase. from the numbers registered in November.”
Although the United States is now second in terms of overall traffic, the country still sees 175,000 new users in its NFT ecosystem, an increase of around 38%, partly driven by increased interest among its aging audience. little This is because Gen Y and Gen Z groups are getting a higher percentage of traffic.
DappRadar reports that “30% of traffic comes from users from this age group… [กับกลุ่มเจน Y ] This is an increase from the 36% observed from last year.”
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