Even though the market has been downtrend since May 2022, crypto games are still holding stronger than ever.
The data and analytics show that weaker projects are bound to fail, but those with strong fundamentals have been storming over the industry. According to a report by Delphi Digital, venture capital firms and institutional investors keep pouring money into blockchain games.
The report also shows that their interest has risen over the months instead of fading. In Q1 2021, the uptrend of blockchain games started and hasn’t stopped till Q1 of 2022. Although it was affected by the crypto winter in Q2 2022, it has still shown promising numbers regarding the number of active wallets, users, and investments.
Furthermore, the domain reached an all-time high when it comes to securing deals; $1.6 billion in Q2 of 2022. The report shows that 2021 was an amazing year for blockchain games as they received a total of $3 billion investment from the private market.
In Q1 2022 alone, the domain received $1.7 billion and secured $1.2 billion in Q2 2022, accounting for 56% and 59%, respectively. It makes a total of $2.9 billion as of 2022.
According to a report shared by Dapp Radar, blockchain games will be pretty active in 2022, with around 47,000 new unique active wallets every day, making $700 million worth of transactions.
Even though the reports show promising numbers, we see a slight decline compared to 2021. If we compare August’s number with July, we saw a 6% decline.
These small declines do not mean much to the industry now. The reason is that as more and more investment comes, the industry is bound to grow, users show interest, and more new users adapt to this new gaming style.