Blockchain games and Metaverse projects appear to have been coping with the bear market a lot better than other niches of the market.
sidestepped the ensuing bear market and instead ramped up their count by 9.51% in the second quarter of the year. In fact, $2.5 billion were invested in both Q1 and Q2.
“We think that blockchain gaming is going to be key in the next two or three years and is going to bring at least 100 million new users into crypto, for one simple reason, they connect NFTs and DeFi. With all three combined, blockchain gaming, NFTs and DeFi you will see something genuinely new and exciting.”
Besides, the total number of transactions sent to the smart contracts of the gaming sector is way higher than other categories such as DeFi, gambling, exchanges, and marketplaces. Throughout this month as well, transactions in gaming haveDappRadar revealed that Solana has attracted many NFTs and game developers. This trend can be attributed to low-cost transactions and efficient processing speeds. Despite multiple network outages, blockchain activity has increased by an astonishing 311%.
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