Blockchain Gaming Sector Witnessed 162% Growth In 2019

Blockchain Gaming Sector Witnessed 162% Growth In 2019

Blockchain News
January 22, 2020 Editor's Desk
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Blockchain gaming saw some significant growth in 2019, contrasted with the year before. According to a survey from Dapp.com, the decentralized gaming sector lured 162% more users related to 2018. In total, more than 436 thousand gamers were engaging in blockchain-powered games in 2019. Over fifty percent played these tournaments on the Ethereum blockchain. Nevertheless,
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Blockchain gaming saw some significant growth in 2019, contrasted with the year before. According to a survey from Dapp.com, the decentralized gaming sector lured 162% more users related to 2018. In total, more than 436 thousand gamers were engaging in blockchain-powered games in 2019. Over fifty percent played these tournaments on the Ethereum blockchain.

Nevertheless, gaming is not the most favorite activity of users associating with blockchain technology. Over the year, 4.6 million users have been operating with decentralized apps. That indicates that less than 10% of the blockchain users played a game, compared with only 8.9 percent in 2018.

Notwithstanding the growth in the amount of blockchain gaming users, the transaction volume went down considerably. In 2019 blockchain gaming only had 58 million dollars in transaction volume, against 161 million dollars in 2018. Two years ago, pre-sales were very popular in generating development funds. These have now been replaced by other – often smaller and more phased – business funding models.

Games such as My Crypto Heroes and Gods Unchained succeeded in making headlines in 2019. Several people consider 2020 to become an excellent year for blockchain gaming. In the following twelve months, other projects will bloom as well. 

Take Brave Frontier Heroes, for instance, and the open flirt by Square Enix. Cryptovoxels and Decentraland are noticing lots of traction lately, concurrently with the growth of digital art. At the same time, Axie Infinity is expanding its audience with its mobile alpha test, and Crypto Space Commander is increasing its universe with new features.

The industry is waiting for the first mainstream success. Animoca Brands does this by building blockchain games based on significant licenses, like Formula 1 and the Major League Baseball. At the same time, Dapper Labs is growing NBA Top Shots while also building a gaming-oriented blockchain called Flow. Gaming industry giant Ubisoft backs this project.

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