Even if it is not at the explosive level as of DeFi, blockchain-based gaming has also seen steady growth in 2020, while the marketplaces selling their digital asset collectibles blew up.
The blockchain-based video gaming industry developed firmly in 2020, according to a new report from DappRadar together with the Blockchain Gaming Alliance, with increases in overall daily users and a remarkable leap in the amount of activity happening around gaming non-fungible token (NFT) collectibles.
Daily activity in all crypto games grew 35% from the start to the end of 2020, the report elaborates, finishing the year with only less than 28,000 daily active users. The total trading value grew even more remarkably at a rate of 191%, ending the year at $173,500 per day on average last December.
However, the amount of growth varied universally by game, and DappRadar suggests that the level of growth seems modest when compared to the explosive rise of decentralized finance (DeFi).
While all the games themselves grew in daily activity and trading value, marketplaces selling crypto games’ unique NFT collectibles have dramatically seen immense growth. The report stated that the NFT marketplaces had seen 226% growth in daily active users to finish the year by around 3,400, while trading volume grew 785% to a total of $78M.
Axie Infinity has been one of the key beneficiaries of interest around the rare NFT creatures, with some selling for over $100,000 each.
Last year, a rising interest in The Sandbox’s in-game LAND parcels. One that leads LAND owner, WhaleShark, commands more significant gaming and art NFTs portfolio and then even created the $WHALE “social currency” token built around his vault of digital assets.
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