DappRadar: investments in GameFi reached $4,9 billion in 2022

In May, more than 1,15 million unique users were recorded in the field of blockchain gaming

22.06.2022 - 06:40

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2 min

What’s new? Blockchain gaming (GameFi) demonstrates positive indicators during the bear market, according to a joint report by the analytics firm DappRadar and BGA Games. In 2022, projects from this field raised around $4,9 billion in investments. By comparison, over the three previous years, this figure totaled $4,62 billion. For May, GameFi recorded 1,15 million unique active wallets (UAW), down just by 5% from the previous month.

DappRadar’s report

What else does the report say? One of the most popular applications in this field is STEPN. It has around 2 million monthly active users. The native token GMT is popular with investors as the number of unique wallets (262 000) containing the asset continues to grow. As of June 22, 07:00 UTC, the GMT token is trading at $0,77, with the price of the asset down by 8,02% in 24 hours, according to Binance.

STEPN is a Move-to-Earn project. To play the game, users buy digital sneakers that can be modified and improved. The first NFT footwear was released in partnership with Nike.

According to the report, the Splinterlands metaverse continues to perform well “with engaging battle dynamics and an enticing decentralized economy.” Farmers World was able to increase its player base by 18% in May, surpassing 133 000 UAW per day.

Gala Games, a game studio, held its Galaverse conference in Malta from June 6 to 8, during which it unveiled new projects. Thus, the studio announced a Web 3.0 game Project Saturn, based on the Battlestar Galactica series. Gala Games has partnered with Universal Pictures to obtain the rights to the franchise. In addition, the company is also working on a game based on AMC’s The Walking Dead series. It was previously reported that their shooter GRIT would be the first blockchain game available on the Epic Game Store marketplace.

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