Investors Pour $2.3 Billion into Blockchain Gaming in First Three Quarters of 2023: DappRadar
According to DappRadar, a blockchain intelligence platform, the crypto gaming sector has received $2.3 billion in funds in the first three quarters of 2023. The industry received $600 million in the last quarter, making it the top decentralized application (DApp) sector. However, this only represents 30% of last year's fundraising activity, which suggests that external market factors may be at play.
Matter Labs Launches zkSync Ecosystem Portal, Managed by DappRadar
Matter Labs has launched the zkSync ecosystem portal, managed by DappRadar, with the aim of increasing decentralization, increasing DApp exposure, and providing a gateway for DApps to join.
Bitcoin Ordinals NFT Trading Volumes Tank by 98% Since May, DappRadar Reports
Bitcoin Ordinals nonfungible token user activity has experienced a drastic decline, with trading volumes dropping by 98% since May, according to DappRadar. The total sales volume for Bitcoin Ordinals has decreased from $452 million in May to approximately $3 million as of August 14, with the number of transactions declining by 97% to 20,571 in the same period. 、
Axie Infinity's Popularity Wanes Despite Soft Launch on Apple's App Store
Axie Infinity, a popular blockchain-powered video game, has experienced a decline in popularity despite its recent soft launch on Apple's App Store. Gaming data site Activeplayer reports that the game has lost over 6,000 users in the past 30 days, while DappRadar shows a 19% decrease in digital wallets engaging with the game during the same period.
Bitcoin Ordinals volume hits $210M in Q2 - DappRadar
According to DappRadar's latest quarterly report, the creation of nonfungible token inscriptions on the Bitcoin blockchain has resulted in over $210 million in trading volume for Bitcoin Ordinals. The report shows that Bitcoin Ordinals' popularity has led to a significant increase in trading volume through the second quarter of 2023, with trading volume increasing from $7.18 million in Q1 to $210.7 million. The rise in popularity of Bitcoin Ordinals has also had an interesting effect on the NFT landscape, with Bitcoin surpassing Solana to become the second-most popular NFT blockchain. Additionally, Ethereum co-founder Vitalik Buterin credited Bitcoin Ordinals for reigniting a "builder culture" in the Bitcoin ecosystem.
HyperPlay Raises $12 Million in Series A Funding Round for Web3 Gaming Interoperability Platform
HyperPlay, a Web3-native game launcher, has raised $12 million in its Series A funding round from investors including Griffin Gaming Partners, Bitkraft Ventures, ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures.
NFT Trading Volume for May on Track to Fall Below $1 Billion, Despite Increase in Active Wallets
The NFT market is experiencing changes, with different metrics indicating varying levels of success. DappRadar's recent report shows that NFT trading volume for May is currently at $333 million, which may fall below $1 billion for the first time this year.
Asia’s Current Gaming Domination ‘Crucial’ for Web3 Games
A new report by DappRadar suggests that Asia plays a crucial role in the adoption of blockchain gaming, as it already boasts the majority share of gamers and gaming revenue, and has a high interest in blockchain technology. China, Japan, and South Korea dominate the gaming industry in Asia, with Japan and South Korea leading the way in the adoption of blockchain technology in gaming. A survey of Japanese men and women ranging in age from their 20s to 70s revealed a promising outlook for the Japanese blockchain gaming industry, with over 40% of respondents familiar with blockchain games and over half of those familiar having a favourable impression of them. The report also emphasized the significance of airdrops in motivating gamers to try out new games. (Cointelegraph)
Asia Poised To Dominate Web3 Gaming: DappRadar Study
A recent study by DappRadar and Pacific Meta has revealed that Asia is set to dominate the Web3 gaming space, with the region already accounting for 55% of the global gaming population. The report predicts that Asia will make up 80% of all Web3 gamers, despite gaming restrictions in some countries. For example, Chinese gamers under 18 are only allowed to play for one hour a day, and blockchain games have been banned in South Korea.
BitKeep Swap Tops DappRadar DeFi Apps with Over 4x Increase in Unique Active Wallets in Past 30 Days
According to DappRadar DeFi Apps, BitKeep Swap has secured the top spot with 330,540 unique active wallets (UAW) in the past 30 days, resulting in an impressive growth rate of 436%. This achievement is attributed to the growth of the user base on Arbitrum and Polygon. In the past 30 days, the number of BitKeep Swap users has risen by 5659.3% on Arbitrum and 47.23% on Polygon.