Crypto Gaming One of the Top Niches for Investors in 2022: Report.
The hype for crypto gaming is real and carries on with the momentum of 2021. According to a recent report by DappRadar and the Blockchain Game Alliance (BGA), the year 2022 shows promising signs for crypto gaming and crypto games developers.
The crypto gaming niche is attracting a massive amount of investment and will continue to do so this year.
The report reads that the Q1 of 2022 saw crypto gaming amassing $2.5 billion in investments, and this figure will skyrocket to $10 billion before the year-end.
The overall activity of blockchain has increased by a mammoth 2000% from Q1 2021 to Q1 2022. The number of blockchain gaming wallets is also on the rise with 1.2 million unique active wallets (UAW) in the previous month.
Metaverse cool off
The report shows that the trading volume has witnessed a gradual decrease of 12% to $430 million in Q1 2022.
Moreover, the metaverse projects like Decentraland and The Sandbox also suffer a decline in their digital assets by 40% from Q4 2021 to Q1 2022. In addition, the trading volume also dropped by 20% and 60% respectively for both metaverse platforms.