April Sees Nearly $1B Investment in Blockchain Gaming, Highest Since 2021

• Additionally, 2.9 million unique active wallets were recorded for blockchain gaming.
• Blockchain gaming investments totaled $288 million in the first quarter of 2024.

April was the biggest monthly investment in blockchain gaming since January 2021, at $988 million. Additionally, 2.9 million unique active wallets were recorded for blockchain gaming, which is a record-breaking figure.

The April blockchain gaming report was issued on 17 May by DappRadar in collaboration with the Blockchain Gaming Alliance. Similar tendencies in the decentralized apps (Dapp) industry as a whole coincide with the sector’s landmark month.

Investors Optimistic

Rekindled consumer interest in digital assets within the framework of gaming is one of many variables that the research claims are responsible for the current boom.

With the help of its “Pixels” feature, Ronin has topped the charts for blockchain gaming platforms this month. With titles like Matr1x and QORPO WORLD in its library, Polygon, which was formerly the market leader, falls to second place.

To suggest that blockchain gaming had a banner April would be an understatement. Blockchain gaming investments totaled $288 million in the first quarter of 2024. The investments made in April alone more than tripled that sum, falling just $22 million shy of achieving a full billion USD.

The research also said that April is starting to be a good month for the metaverse. Mocaverse, one of the leading NFT collections pertaining to the metaverse, literally blew the competitors out of the water with its $8.4 million trading volume.

Farmland by Pixels came in second with $1.48 million in trading volume. Additionally, Otherdeed by Otherside’s trading volume of $1.02 million was enough to break the million-dollar barrier. Notably, Ubisoft and Square-Enix, two of the gaming industry’s biggest names, have recently made measures that might bode well for the future of the blockchain gaming industry.

Highlighted Crypto News Today:

Magic Square Launches Magic Launchpad: New Fundraising and Community Growth Platform