Half of unique active crypto wallets played a blockchain game in Q3

According to recent research, the number of blockchain-related games played by crypto wallets has increased in recent months.

DappRadar’s Q3 “Blockchain Game Report” reported that 754,000 unique active wallets were connected to gaming decentralized apps during the three-month period. This is almost half the industry’s activity, with the average daily active wallet count of 1.54 million in the blockchain industry over the three-month period.

Unique active wallet metric refers only to unique addresses that interact to a smart contract. It does not necessarily mean daily active users.

Play-to-earn and in-game tokens are the main drivers of gaming activity. The research found that these in-game NFT collectors generated $2.32 trillion in sales in Q3, which is 22% of total NFT trading volume.

“In all the excitement around Ethereum collections such as CryptoPunks or Bored Ape Yacht Club, (BAYC), it is easy to forget the important role that NFT-in-game items played.”

From July to September, $10.67 billion was traded in the NFT space. This is a slight increase of 700% over the previous quarter.

One of the main driving forces behind blockchain gaming has been the Axie-Infinity metaverse. Players collect and raise “Axies” which are virtual creatures that can be used in player-versus-environment (PvE) and player versus player (PvP) battles in the game.

Axie Infinity has reached $2.55 trillion in total volume and has already traded $2.08 billion Q3. DappRadar reports more than 6.7million sales so far, with the current 24-hour volume of $15.2 million.

CryptoSlam NFT tracker lists Axie Infinity at the top-selling collection based on sales volume for the past 30 days, with $504 Million.

Related: The Metaverse, Play-to-earn and a new economic model for gaming

Axie Infinity allowed staking of its native AXS token in September. This adds another layer of passive income to Axie’s potential play-to-earn potential. This move sparked AXS trading, driving prices to an all time high of $155 on October 4. Over the past three months, the token has gained 7433%.

Yield Guild Games, a play-to-earn gaming society, has seen tremendous momentum in recent months. It raised $12.5million in a 30-second IDO in July.

The Guild has been adding play-to earn games to its ecosystem, including Thetan Arena and CyBall, Influence and Merit Circle so far this month.

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