The number of crypto wallets that engaged in blockchain games has increased in recent months according to new research from DappRadar.
The “Blockchain Game Report” for Q3 by DappRadar shows that unique active wallets that were connected to gaming decentralized applications reached a total of $753,000 during this time period. This is equal to about half of the activity registered by the industry with the blockchain industry recording 1.54 million daily unique active wallets on average over these three months.
The increase is attributed to play-to-earn games and in-game NFTs. In-game NFTs collectibles generated sales of $2.32 billion during Q3, which is 22% of the total NFT trading volume for the analyzed period:
“In the midst of all the euphoria around Ethereum collections like CryptoPunks and Bored Ape Yacht Club (BAYC), the role that NFT in-game items played, may be overlooked.”
About $10.67 billion in trading volume was recorded by the NFT space between July to September, which represents an increase of more than 700% from Q2.
A major name in this activity has been Axie Infinity with $2.08 billion in trading volume in Q3 and $2.55 billion in total volume.
Source: CoinTelegraph.com