In the first quarter of 2024, blockchain gaming investments reached a total of $288 million, with a record-breaking 2.9 million unique active wallets. However, April proved to be the standout month, as investments in blockchain gaming soared to a staggering $988 million, making it the highest monthly investment since January 2021.
The April blockchain gaming report, released on May 17th by DappRadar in partnership with the Blockchain Gaming Alliance, highlighted the significant growth in the decentralized apps (Dapp) industry as a whole. This growth can be attributed to various factors, including renewed consumer interest in digital assets within the gaming sector.
One platform that has played a major role in the success of blockchain gaming this month is Ronin, thanks to its popular “Pixels” feature. Ronin has emerged as the top blockchain gaming platform, surpassing Polygon, which was previously the market leader. Ronin’s library boasts popular titles like Matr1x and QORPO WORLD.
The numbers speak for themselves when it comes to the success of blockchain gaming in April. The investments made during this month alone nearly tripled the total investments in the first quarter of 2024, coming close to reaching a billion USD with a total of $978 million.
The research also highlighted the growing prominence of the metaverse in April. Mocaverse, a leading NFT collection associated with the metaverse, dominated its competitors with a trading volume of $8.4 million. Farmland by Pixels followed closely behind with a trading volume of $1.48 million. Otherdeed by Otherside also surpassed the million-dollar mark with a trading volume of $1.02 million. The involvement of major gaming industry players like Ubisoft and Square-Enix further adds to the positive outlook for the future of blockchain gaming.
In other crypto news, Magic Square has recently launched Magic Launchpad, a new platform that combines fundraising and community growth initiatives.
Overall, April was a groundbreaking month for blockchain gaming, with significant investments and impressive trading volumes. The sector’s growth is fueled by factors such as renewed consumer interest and the emergence of innovative platforms like Ronin. As blockchain gaming continues to gain momentum, the future looks bright for this rapidly evolving industry.