Blockchain Games Regain their Glory
The value of game tokens is growing rapidly, as is the popularity of blockchain games.
According to a report by DappRadar, the market value of gaming tokens saw an average increase of 122% in January. In addition, investment in Web 3.0 games and metaverse projects reached $156 million -games on the blockchain control almost half of all activity.
The big comeback
The year 2022 was challenging in blockchain games, so these figures are very positive and indicate a return of users. DappRadar's analytics data shows that the GALA is the most improved gaming token. The market capitalization of the GALA token increased by 218% to USD 384 million in January.
Yuga Labs' ApeCoin is also experiencing growth, leading market capitalization at $2.04 billion, an increase of 53%.
The race for ApeCoin and GALA tokens is due to the hype surrounding these projects. For example, Yuga Labs launched Sewer Pass in January, which allows players to use their NFTs to play games and earn rewards. On the other hand, GALA caused a stir with its recent acquisition of a game studio with more than 20 million active users.
Other movers and shakers in the blockchain universe
The gaming token MAGIC is one of the top tokens as it has grown 185% with its market capitalization of 287 million. This token is part of an exciting metaverse game called TreasureDAO, in which players can build their metaverse worlds and create experiences for other players. Based on this, the MAGIC token can be used to monetize the experience and sell and buy land.
The Axie Infinity game has also seen an increase in trading volume, reaching $7.2 million in January, an increase of 71%. The growth will be due to continuous innovations in the game and the launch of "Homeland" and "Origins Season 2".
Another top game was Alien Worlds, which attracted 225,000 Unique Active Wallets (UAW). In second place is the game Splinterlands, which attracted 183 thousand UAW; third place is Planet IX, with 78 thousand UAW.
Source: nftnewstoday.com
analyst opinion
Jakub Odvářka
According to a report by DappRadar, the market value of gaming tokens saw an average increase of 122% in January. In addition, investment in Web 3.0 games and metaverse projects reached $156 million -games on the blockchain control almost half of all activity.
The big comeback
The year 2022 was challenging in blockchain games, so these figures are very positive and indicate a return of users. DappRadar's analytics data shows that the GALA is the most improved gaming token. The market capitalization of the GALA token increased by 218% to USD 384 million in January.
Yuga Labs' ApeCoin is also experiencing growth, leading market capitalization at $2.04 billion, an increase of 53%.
The race for ApeCoin and GALA tokens is due to the hype surrounding these projects. For example, Yuga Labs launched Sewer Pass in January, which allows players to use their NFTs to play games and earn rewards. On the other hand, GALA caused a stir with its recent acquisition of a game studio with more than 20 million active users.
Other movers and shakers in the blockchain universe
The gaming token MAGIC is one of the top tokens as it has grown 185% with its market capitalization of 287 million. This token is part of an exciting metaverse game called TreasureDAO, in which players can build their metaverse worlds and create experiences for other players. Based on this, the MAGIC token can be used to monetize the experience and sell and buy land.
The Axie Infinity game has also seen an increase in trading volume, reaching $7.2 million in January, an increase of 71%. The growth will be due to continuous innovations in the game and the launch of "Homeland" and "Origins Season 2".
Another top game was Alien Worlds, which attracted 225,000 Unique Active Wallets (UAW). In second place is the game Splinterlands, which attracted 183 thousand UAW; third place is Planet IX, with 78 thousand UAW.
Source: nftnewstoday.com
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