Gamepay
  • Introduction
  • Gamepay - Executive Summary
  • Getting Started
  • User Journey
  • Web 3.0 Games Market Stats
  • Company Overview
    • What is Gamepay?
    • Gamepay's Vision & Mission
    • Current Gaming Industry Challenges
    • Our Solutions
    • Competitor Uniqueness
    • Why Gamepay?
  • Key Elements
    • Features of Gamepay
    • Gamepay products & services
    • What is GPY?
    • Gamepay Interconnected Web 3.0 Ecosystem
    • NFT Marketplace
  • Use Cases
    • Who can benefit from our ecosystem?
      • Gamepay Business Model
    • Gamepay Revenue Model
    • Token Economy
      • Token Overview
    • Token Utility
    • Token Allocation
      • Staking Mechanism
  • Our Team
    • A Seasoned Team of Gamepay
    • Roadmap
    • Great Investors and Grant Awarded
    • Contracts
    • FAQ
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  • 49% of the industry plays blockchain games
  • 2022: the year of blockchain games

Web 3.0 Games Market Stats

Blockchain - Changing the Game Industry

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Last updated 2 years ago

Web 3 gaming, or GameFi, has transformed the crypto world, accounting for 49% of the industry’s blockchain usage. More than 1.4 million unique active wallets interacted with blockchain games in 2021, and venture capitalists have invested over $4 billion in GameFi. The growth of NFTs last year accelerated the development of GameFi. The Blockchain Game Report 2021 from DappRadar highlighted that “gaming” NFTs had over $4.5 billion in trading volume and accounted for 20% of the total NFT sales in 2021. This play-to-earn element significantly impacts emerging economies such as The Philippines, Vietnam, South Korea and India.

49% of the industry plays blockchain games

49% of the blockchain industry’s usage comes from games. More than 1.4 million Unique Active Wallets (UAW) connect daily to blockchain games, making it the most used category ahead of DeFi and other verticals. Yet, in August, the play-to-earn and GameFi activity exploded, propelling games past DeFi as the most used category in the industry. Overall, game activity has grown 65% since Q2 2021, and a whopping 4,330% when compared to the previous year.

Source: Blockchain Game Report 2021 (Dappradar)

2022: the year of blockchain games

The play-to-earn movement shifts the paradigm of traditional games allowing players to monetize their playing time, and became one of blockchain’s main headlines. Moreover, the narrative around virtual worlds, and thus the metaverse, fuels the impact of the category. In a planet with over 3.1 billion gamers, and an unstoppable road towards a digital society, play-to-earn games will become a key ingredient in blockchain’s mass adoption. All while creating a positive impact in our society.