AXS is the governance token for the Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games where all decisions are made by the game developers. AXS holders will be able to stake their tokens to earn more AXS and even vote for governance proposals.
Activity in the gaming sphere accounted for just over 50% of all Blockchain activity, according to DappRadar’s latest report.
The blockchain-based gaming sphere looks quite promising after a meteoric growth this year.
According to a published report this Wednesday by DappRadar y Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. Game Alliance (BGA), the activity of the games Blockchain grew 2,000% in the last 12 months. Popularity increased as more money from accredited investors poured into the sector. This is despite the challenges the space has seen, such as the hackeos and the downtrend in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market.
According to DappRadar the games Blockchain attracted 1.22 million unique active wallets (UAW) during March 2022. The figure represents an increase compared to the 1.1 million UAWs logged on daily on average during February, which at that time accounted for about 50% of of total blockchain activity.
Capitalists pumped millions into Blockchain games
The growth of the sector was driven by the popularity of gamesPlay-to-Earn (P2E), or play to win, that take advantage of the tokens non-fungible (NFT). According to the report, NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. kits based on side-chains of Ethereum a decentralized open-source blockchain with smart contracts functionality. como Polygon contributed heavily to the growth, accounting for more than half of the 1.22 million UAW.
En concreto, plataformas como Crazy Defense Heroes , Pegaxy , Arc8 y Aavegotchi spurred a 219% increase in gaming activity in the Polygon from the beginning of 2022, according to the data.
The games Blockchain also attracted large sums of money from venture capitalists and other investors. According to the report, the entire sector raised a total of USD $2.5 billion in funding in the first quarter of 2022 150% more than in the same period of the previous year.
Major deals highlighted in the report include the collection of USD $360 million fromAnimoca Brandsa round that raised its valuation to a total of $5 billion, positioning the company as a brand leader in Web3. On the other hand, Yuga Labs creators of the popular NFT collectionBored Ape Yacht Club (BAYC), received USD $450 million in one round which counted with the participation of The Sandbox , FTX y Coinbase is an American company that operates a cryptocurrency exchange platform. . The startup now plans to launch its own metaverse with P2E games.
Axie Infinity loses popularity
Meanwhile, the until recently gaming sensation Blockchain ,Axie Inifinityinstead seems to be going through a challenging period. The number of UAWs of the popular game has been falling this year as a result of several factors, including a massive hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. that drained more than $600 million USD to the side chain Ronin Network a network refers to all nodes in the operation of a blockchain at any given moment in time. . The report highlights in this regard:
While the hack forced Ronin’s native dapps to halt operations, the drop in activity on the Axie blockchain wasn’t entirely a result of the latest attack; in fact, it was already in decline. Activity in the gambling chain peaked in January, when gambling recorded more than 55,000 UAW per day on average and dropped to almost 22,000 UAW per day in March.
In spite of this slope,Axie Infinity is still among the top 15 most played games based on daily usage. The monster-raising and collecting game was also responsible for 22,000 of the average total number of unique active wallets during March.
Metaverse: a promising horizon
The metrics on the decline in popularity of Axie and the recent growth of games based on Polygon are in tune with the reduction of activity in networks such as Binance Smart Chain (BSC) y Ronin. According to the report, use of these chains has been declining since late last year as users try to minimize risk on more volatile chains.
Finally, the report also made mention of the most recent fad of the metaverse, which it noted as “ one of the most exciting opportunities in the blockchain industry “. Although transaction volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. in virtual worlds decreased slightly from Q4 2021, it reached over USD $430 million in Q1 2022.
“ The ownership to which NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). are entitled and the underlying financial ecosystem enabled by cryptocurrencies and play-to-win games will change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the paradigm of the traditional metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. that is limited to an augmented virtual reality “, dijo DappRadar on the trend.
- Coinbase launches its long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. awaited NFT marketplace in beta version
- Amazon doesn’t plan to add cryptocurrency payments, but could sell NFT, says CEO
- Warner Music enters the metaverse in partnership with Blockchain game Splinterlands and The Sandbox
Article by Hannah Estefania Perez / DiarioBitcoin
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