- Blockchain gaming continues to be highly popular among the community, with its increasing activity reaching its peak.
- Among the categories of decentralized applications (dapps), gaming stands out as the winner.
- The blockchain games managed to attract 780,766 daily Unique Active Wallets (dUAW), solidifying their dominant position within the dapp ecosystem.
Play-to-earn (P2E) crypto games have emerged as a thrilling gaming genre that allows players to earn cryptocurrency while enjoying themselves. These games leverage blockchain technology, enabling players to possess, exchange, and capitalize on their in-game assets and achievements.
According to Banklesstimes.com, blockchain gaming has seen a 2000% surge in activity compared to last year. This remarkable growth shows the growing popularity of technology and indicates a significant shift in the gaming industry.
Looking ahead to 2023 in Q3, blockchain gaming saw an average of 786,766 daily Unique Active Wallets—an increase of 12% from the previous quarter. This has enabled blockchain gaming to hold significant dominance over the dapp industry.
According to Banklesstimes crypto expert Alice Leetham:
BanklessTimes crypto expert, Alice LeethamUnlike traditional games, Blockchain games create a mutually beneficial situation for players and developers. These games leverage decentralized ledgers to enable true ownership of in-game assets, offering players unprecedented control and security over their virtual possessions.”
Spotlight on Top Web3 Games Key Players in 2023
In terms of popularity, Alien Worlds continues to hold positions in top rankings, showcasing success in Q3 2023.
During this quarter, Web3 gaming projects managed to gather $600 million, bringing the year’s total to $2.3 billion. One notable event during this quarter was the initiative undertaken by A16z through its accelerator program. This endeavor aims to invest up to $75 million in early-stage startups that skillfully merge gaming with cutting-edge technology.
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Some of the leading blockchain games include:
Alien Worlds takes players on an exciting journey into a virtual universe set in 2055. It offers opportunities for space exploration, collecting fungible tokens (NFTs), and mining Trilium (TLM) on the WAX blockchain. By staking Trilium, players can unlock benefits. With a WAX Cloud Wallet, they can explore six different planets, each with its own decentralized autonomous organization (DAO).
Axie Infinity has gained popularity with its Pokémon style of gameplay that immerses players in thrilling creature battles. Players can acquire Axies as in-game assets. All transactions take place on the Ronin sidechain. The economy is driven by AXS and SLP tokens, which reward players for completing quests and participating in governance activities. Its Vietnamese developer, Sky Mavis, reached a peak of 3 million players in 2022.
Decentraland is a blockchain-based world that empowers users to explore trade digital assets and participate in governance through DAOs. Transactions within Decentraland are facilitated by LAND and MANA tokens, offering avenues for earning through art, asset trading, and even education at Decentraland University.
Chainmonsters brings the play-to-earn model to enthusiasts of genre MMORPGs. Players can trade Chainmons as well as items that are represented as NFTs on the Ethereum blockchain. This adds a layer to the gameplay experience.
Ember Sword is a fantasy MMORPG that promises adventures, along with asset ownership, for its players. It differentiates itself through community-led dynamics, a combat system, and AI-driven events.
OpenSea partnerships boost the potential to earn more by selling NFTs. As game developers continue to improve Ember Sword for both PC and mobile platforms, it introduces an ecosystem where players have ownership.
The ongoing advancements in blockchain gaming bring forth a wealth of thrilling opportunities for gamers and the entire gaming industry.
