Crypto

The State of Crypto Gaming

08/26/2022
Bitcoin Ethereum News

August 25, 2022, 9:54AM EDT

Image

• 11 min read

Quick Take

  • The market capitalization of the top 50 GameFi tokens declined by over 60% between January and August 2022, roughly equivalent to the decrease in the market capitalization of the top 50 DeFi tokens.
  • As of August 18, 2022, there are 1,575 GameFi projects. 40% of these games exist on BNB Chain, 26% on Ethereum, and 15% on Polygon.
  • Many games are pivoting towards the free-to-play (F2P) model to lower the high entry barrier of the current iteration of GameFi. However, the sustainability of token economics remains unsolved in both premium and F2P game models.
  • Alien Worlds, Axie Infinity, Solitaire Blitz, Splinterlands, and Upland, are the 5 most popular blockchain-based games based on daily active addresses.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Source: https://www.theblockresearch.com/the-state-of-crypto-gaming-165652?utm_source=rss&utm_medium=rss