{"id":10467,"date":"2023-08-11T18:34:03","date_gmt":"2023-08-11T18:34:03","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/11\/investing-in-tomorrows-playgrounds-web3-gaming-metaverse-attract-297m\/"},"modified":"2023-08-11T18:34:03","modified_gmt":"2023-08-11T18:34:03","slug":"investing-in-tomorrows-playgrounds-web3-gaming-metaverse-attract-297m","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/11\/investing-in-tomorrows-playgrounds-web3-gaming-metaverse-attract-297m\/","title":{"rendered":"Investing in Tomorrow&#8217;s Playgrounds: Web3 Gaming &#038; Metaverse Attract $297M"},"content":{"rendered":"<p><\/p>\n<div>\n<p>July\u2019s exploration of the dynamic world of <a href=\"https:\/\/nftevening.com\/play-to-earn-games-what-are-they\/\" target=\"_blank\" rel=\"noopener\">blockchain gaming<\/a> and the metaverse has unveiled a landscape ripe with potential and rapid evolution.<\/p>\n<p>As significant investments pour in and major players like Google recognize the profound impact of Web3 gaming, the industry is primed for transformative shifts. We take a look at DappRadar\u2019s latest report to bring you the gist of what you need to know.<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Blockchain gaming accounted for 41% of on-chain activity with WAX leading in unique active wallets.<\/li>\n<li>CyberKongz partnership with Ronin and Mighty Bear Games\u2019 shift to Arbitrum shaped Ethereum L2\u2019s gaming landscape.<\/li>\n<li>Virtual world trading volumes hit a low, while Google\u2019s Play Store prepares to embrace web3 gaming with restrictions.<\/li>\n<\/ul>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" fetchpriority=\"high\" class=\"aligncenter wp-image-124085 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1.png.webp\" alt=\"a picture of characters in a metaverse gaming setting\" width=\"1024\" height=\"474\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1.png.webp 1024w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1-300x139.png.webp 300w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1-768x356.png.webp 768w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1-121x56.png.webp 121w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1-150x69.png.webp 150w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1-450x208.png.webp 450w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><\/noscript><\/p>\n<h2><span id=\"Metaverse_Gaming_Looking_Good_DappRadars_Latest_Industry_Report\">Metaverse Gaming Looking Good: DappRadar\u2019s Latest Industry Report<\/span><\/h2>\n<p><a href=\"https:\/\/dappradar.com\/blog\/297m-investment-surge-whats-ahead-for-web3-gaming-metaverse\" target=\"_blank\" rel=\"noopener\">DappRadar\u2019s comprehensive report<\/a> delves into the essential events, pivotal decisions, and critical data from the past month, presenting a vivid portrayal of a future being actively crafted at the convergence of gaming, blockchain technology, and the expansive metaverse.<\/p>\n<h3><span id=\"Key_Highlights\"><strong>Key Highlights<\/strong><\/span><\/h3>\n<ol>\n<li>Blockchain Gaming Overview\n<ul>\n<li>Blockchain gaming constituted 41% of on-chain dapp activity in July, with 712,611 daily unique active wallets (dUAW).<\/li>\n<li>WAX took the lead with 300,325 dUAW, showcasing its prominence within the gaming domain.<\/li>\n<\/ul>\n<\/li>\n<li>Ronin &amp; CyberKongz Partnership: Pioneering Genkai\u2019s NFT and Gaming Future\n<ul>\n<li>The Ethereum-based NFT collection, <a href=\"https:\/\/nftevening.com\/exciting-move-cyberkongz-brings-genkai-nfts-to-ronin-chain\/\" target=\"_blank\" rel=\"noopener\">CyberKongz<\/a>, unveiled a segment of its upcoming anime-inspired Genkai NFTs on the Sky Mavis blockchain.<\/li>\n<li>CyberKongz also plans to transition its \u201cPlay &amp; Kollect\u201d on-chain community from Polygon to Ronin, solidifying the bond.<\/li>\n<\/ul>\n<\/li>\n<li>Ethereum L2\u2019s Gaming Pivot: Arbitrum\u2019s Rising Stardom\n<ul>\n<li>Mighty Bear Games migrated its \u201cMighty Action Heroes\u201d game from Polygon to Arbitrum, adding momentum to the Arbitrum gaming platform.<\/li>\n<li>TreasureDAO achieved a transaction volume of over $842,000 from 73,580 transactions within a month on Arbitrum.<\/li>\n<\/ul>\n<\/li>\n<li>July\u2019s Gaming Leaders\n<ul>\n<li>Sweat Economy became the most played game dapp in July, attracting over 739,000 monthly UAW.<\/li>\n<li>Virtual world trading volumes hit a year-low in July at $5.6 million from 10,796 land sales.<\/li>\n<\/ul>\n<\/li>\n<li>The Hype Around Virtual Realms Is Over?\n<ul>\n<li>Trading volumes for virtual worlds also dipped in July, mirroring a decline seen in the previous month.<\/li>\n<li>Top virtual world dapps like Otherdeed for Otherside and Otherdeed Expanded dominated the trading volume.<\/li>\n<\/ul>\n<\/li>\n<li>Fueling the Future: $297M Web3 Gaming Investments\n<ul>\n<li>Web3 gaming investments rebounded to $297 million in July, with 63% directed towards infrastructure projects.<\/li>\n<li>Investments also demonstrated faith in the potential of the metaverse and virtual worlds. This is despite observed industry downtrends.<\/li>\n<\/ul>\n<\/li>\n<li>Google\u2019s Web3 Welcome: Unveiling the Play Store\u2019s New Playbook\n<ul>\n<li>Google welcomes web3 gaming into its Play Store later this year, albeit with certain stipulations.<\/li>\n<li>Google\u2019s move also reignites interest in NFT exploration among mobile gaming studios.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><span id=\"Final_Thoughts_On_The_Industry\">Final Thoughts On The Industry<\/span><\/h2>\n<p>The findings from July\u2019s deep dive into the realm of blockchain gaming and the metaverse underline a prevailing optimism. Despite market fluctuations, the considerable investments and Google\u2019s recognition of Web3 gaming underscore the growing acceptance and integration of blockchain technology into mainstream platforms.<\/p>\n<p>Notably, the adoption of platforms like Ronin for significant ventures reaffirms that blockchain\u2019s presence in the gaming universe is more than a passing trend; it\u2019s a transformative shift that\u2019s actively shaping the future. As we proceed into the upcoming months, close monitoring of how these investments translate into product innovation, user engagement, and market growth will be essential. The intersections of gaming, blockchain, and the metaverse aren\u2019t just shaping the future; they\u2019re actively building it.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/investing-in-tomorrows-playgrounds-web3-gaming-metaverse-attract-297m\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>July\u2019s exploration of the dynamic world of blockchain gaming and the metaverse has unveiled a landscape ripe with potential and rapid evolution. As significant investments pour in and major players like Google recognize the profound impact of Web3 gaming, the industry is primed for transformative shifts. We take a look at DappRadar\u2019s latest report to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Screenshot-2022-08-24-at-11.31.40-AM-1024x474-1.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10467"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10467"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10468"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}