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RPG & Action are the most popular GameFi genres, though Move-to-Earn has the highest transaction volume per wallet
The latest study by BDC Consulting looks into 1,845 GameFi projects in 20+ genres. Which categories have the highest user traffic and payment volume per address — and why is game usage on alternative blockchains surging? Find all the answers in the article.
Investments in GameFi & NFT games are booming in spite of the bear market
With 1.3 million unique users at the peak in December 2021, GameFi is still a relatively unknown part of the gaming industry, which counts 3 billion players in total. In terms of the capital flowing into it, though, crypto gaming is already a major business: the total market cap of GameFi coins was around $7.4 billion at the end of August 2022, according to ChainPlay.
Very importantly, investments in GameFi are growing in spite of the crypto market correction. In Q1 2022 alone, the industry attracted $2.5 billion in funding, and DappRadar expects the total investments in 2022 to be 150% higher than in 2021.
One of the biggest drivers is the interest from classic game publishers, such as Atari and WeMade, which are coming to understand what GameFi is and how it can be monetized.