DappRadar estimated that the recent crypto downturn has not harmed blockchain-based games and NFTs.
The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is also on the rise.Most cryptocurrencies have lost some price ground during the last couple of months.
It informed that the total NFT trading volume for Q3 2021 amounted to $10.7 billion, while in Q4, the numbers picked up to $11.9 billion. The situation at the start of the new year looks quite promising as well, the firm said. According to DappRadar, non-fungible tokens play an “undeniable role” in the metaverse and the play-to-earn space, which has further propelled their expansion.Blockchain-based games’ adoption remains steady as the interest from players is gradually increasing.
“Without question, blockchain games have attracted more users each month, growing the player base enormously. With widely expected play-to-earn and GameFi options set to arrive in 2022, we can expect the game category to continue driving the usage in the industry for 2022,” DappRadar outlined.The world’s leading economy dominated the NFT traffic during 2021 by far. This comes as no surprise since numerous American celebrities, athletes, and musicians joined the non-fungible token universe.
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