Blockchain gaming investments in the first quarter of 2024 reached a total of $288 million, with April standing out as the most significant month since January 2021, with investments amounting to $988 million. This surge in investment was accompanied by a record-breaking number of 2.9 million unique active wallets in blockchain gaming.
The April report on blockchain gaming, released on May 17th by DappRadar in partnership with the Blockchain Gaming Alliance, reflects the overall trends in the decentralized app (Dapp) industry during this landmark month.
Investors are optimistic about the future of blockchain gaming, attributing the current boom to various factors, including renewed interest from consumers in digital assets within the gaming context.
Ronin, with its popular feature “Pixels,” has emerged as the top blockchain gaming platform this month, surpassing Polygon, which was previously the market leader. Ronin’s library includes notable titles like Matr1x and QORPO WORLD.
Describing April as a remarkable month for blockchain gaming would be an understatement. Investments in blockchain gaming for the first quarter of 2024 amounted to $288 million, but the investments in April alone more than tripled that figure, falling just $22 million short of hitting the billion-dollar mark.
The research also highlights the increasing prominence of the metaverse in April. Mocaverse, a leading NFT collection related to the metaverse, outperformed its competitors with a trading volume of $8.4 million. Farmland by Pixels ranked second with a trading volume of $1.48 million, while Otherdeed by Otherside surpassed the million-dollar mark with a trading volume of $1.02 million. Notably, major players in the gaming industry, such as Ubisoft and Square-Enix, have taken steps that may indicate a promising future for the blockchain gaming industry.
In other crypto news, Magic Square has announced the launch of Magic Launchpad, a new fundraising and community growth platform.
