• Almost half of all cryptocurrency wallets are linked to blockchain gaming

  • Naturally, when our world was closed to the outside world during the pandemic, many turned to the world of gaming and public interest soared.The BGA Blockchain Gaming Report states that almost half of all cryptocurrency wallets are gaming related.

    According to the report, the blockchain industry registered 1.54 million UAWs in the third quarter, up 25% quarter-to-quarter and 509% year-to-year. It appears that the accumulation and exchange of in-game assets that can be traded with other players is a key factor driving the surge in demand.

    This has led to an increased interest in blockchain games and ways to make money from them. According to a recent report by the Blockchain Gaming Alliance, more than 804,000 unique players connected to blockchain-based games in July.

    The latest report released by DappRadar highlights the growth of the NFT market and the in-game play-to-earn model as the two main reasons for the increased demand.

    Why Splinterlands has been crowned king in the latest report

    Blockchain game Splinterlands attracted the most users in the third quarter, with a reported 245,000 users in September.

    As a blockchain-based trading card game, Splinterlands enables users to buy, collect, play and trade different NFT cards from around the world. Since trading cards are an important part of traditional offline collecting, the popularity of the play to earn game is easy to anticipate. The game is built on the Hive blockchain, which takes the traditional card trading model and digitizes it. The value of the cards is locked in NFT and collectible potential, in line with the qualities it brings to the market.

    Blockchain gaming is on the rise in the world

    From Splinterlands to Dr. Who trading cards, the play-to-earn model is rapidly gaining popularity. For traditional gaming companies that value player retention, blockchain technology seems to offer a clear pathway to provide more reasons for players to stay in the game.

    For games that want to capitalize on player retention and offer a new model for in-game economics, the transition from games to GameFi now seems inevitable.Crypto Prophecies, Star Atlas and My Crypto Heroes are just some of the newly launched games that have built up an existing loyal player base and are now starting to offer NFTs as in-game assets.

    The low barrier to entry and entertainment factor of the games make them the perfect breeding ground for the NFT world and the future of GameFi. will GameFi be a key component of all future games?

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