The blockchain gaming sector has seen some promising growth in October 2023. Based on a report from DappRadar and the Blockchain Gaming Alliance, the sector crossed a milestone of 1 million daily unique active wallets (dUAW), representing a 16% increase from the other month.
That figure represents a third of the whole sector activity for the month, which illustrates the increasing weight of the gaming industry within the Web3 environment.
Activity Trends Across Different Games And Blockchains
WAX paved the way in gaming activity with 406,030 daily UAW, which represents an 8% increase from September, mainly powered by popular games such as Alien Worlds. Concurrently, BNB Chain observed a 13% growth in dUAW. Also, there was a slight drop on the Solana, Klaytn, and Arbitrum platforms, registering a drop in gaming activity.
On the positive side, zkSync Era saw a 6% increase. Furthermore, the number of daily unique active wallets on Polygon has increased by 5%, now standing at 93,018, indicating sustained growth.
Several games maintained or increased their user base at the time. Alien Worlds kept its top spot as the most used gaming decentralized application, surpassing 133,000 daily UAW. At the same time, the Sweat Economy Debuted in the US, strengthening its place in the move-to-earn industry.
Moreover, Splinterlands rolled out new features, including the “Immolation” card and the Rebellion presale, in expectation of land gameplay to refresh its entire community. Furthermore, Nine Chronicles launched its Ecosystem 2.0, boosting the game’s accessibility and economic networks.
Virtual Worlds
The virtual world space also showed encouraging trends, with trading volumes growing by 19% since September to reach $3.8 million and land sales showing an upside trend of 17%, accumulating to 10,822 transactions in October.
Nicola Sebastiani is now The Sandbox’s Chief Content Officer, introducing his expertise from PlayStation Studios and Apple. He insists on the increasing relevance of user-generated content and the move to a creator—centric economy within the gaming and metaverse spaces. In the meantime, The Sandbox is continuing with initiatives such as self-publishing and landowners and a mobile app set to launch in 2024.
Web3 Gaming Investment Insights
Despite a small downturn of 4% from the past month, the total Web3 gaming investments in October surged to $154 million. Even amidst an extended bear market, the figure highlights continued investor intrigue in the blockchain gaming and metaverse industries.
High-profile investments such as Animoca Brands’ strategic alliance with the NEOM Investment Fund, consisting of a $50 million venture to boost Web3 enterprise services. Furthermore, WEMIX, a Wemade subsidiary, committed $30 million to five Chinese game developers striving to boost the diversification of its blockchain gaming portfolio and incorporate the games into the WEMIX PLAY platform.
The most recent report from DappRaddar in October 2023 shows Web3 gaming is not only growing, it is also creating new opportunities. Thus growth in unique active wallets and continued investments are important indicators of its potential. This industry is carving out a considerable role in digital entertainment, supported by user-focused features and strong market interest.
