DappRadar 2021 3. in a new update in the quarter, he says that play-to-earn (P2E) games have increased interest in the cryptocurrency ecosystem.
The Play to Earn Game Model
In-game win-win games, players can use crypto currency or a variety of in-game NFT‘s is a game model that allows you to win. Blockchain play-to-earn games based on this game model, which allows players to earn assets that they can convert into tangible value, have recently been mentioned a lot by name and have become increasingly popular.
DappRadar says that in-game NFTs represent more than 20% of the record-breaking total NFT transaction volume of the third quarter. In addition, according to DappRadar, data points on unique active wallets (UAW, blockchain it shows that online games also have a serious presence in the cryptocurrency ecosystem, which includes all digital assets:
“The blockchain industry recorded 1.54 million UAW in the third quarter and showed significant year-on-year growth. One of the primary reasons for the increase in this metric is the spread of blockchain-based games.”
The Critical Role of Axie Infinity
The number of unique active wallets connected to blockchain games reached 754,000 in the third quarter. These reached numbers also made it possible to represent 49% of the total use in the industry in the current situation. In addition, according to DappRadar, this increased interest in play-to-earn games was largely caused by Axie Infinity:
“Axie Infinity, the game can become the real catalyst of the boiler revolution. In the third quarter, Axie became the most traded collection ever, surpassing NFT collections such as CryptoPunks and NBA Top Shot.”
At the time of writing, according to CoinGecko data, Axie Infinity (AXS), trading at price levels of $8 with a market capitalization of over $133 billion.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.