NFT games resist cryptomarket downturn according to DappRadar

The cryptomarket crash affected many investors and companies in the cryptocurrency industry, however, according to DappRadar, NFT games do not seem to have suffered the same tragedy, as they are instead recording higher growth.

On June 21, DappRadar, a platform that provides wallet analytics and tracking for the decentralized application (DApp) and non-fungible token (NFT) markets, released a report showing that NFT games are holding steady despite the market downturn.

According to the DappRadar Report, called “DappRadar x BGA Games Report #5,” several play-to-earn or play-to-win cryptogames, such as Illuvium, Splinterlands, GRIT, Galaverse and STEPN (Move-to-earn) managed to perform strongly despite the fall of Bitcoin (BTC) and the overall market.

They even indicated that new move-to-earn or move-to-earn game projects have helped to keep alive the interest in cryptogames, which seemed to have been lost with the fall of the tokens of the main games in the ecosystem such as Axie Infinity (AXS and SLP), Plant vs Undead (PVU), which came to move almost 1 million players, Decentraland (MANA) among others.

The number of active players decreased by only 5% during the market downturn.According to the report, despite the price drops experienced by the market, around 1.5 million users logged in daily in the month of May to their favorite cryptogames.

“Bucking the bear market trend, 1.15 million [Unique Active Wallets] daily on average interacted with blockchain games in May, decreasing by only 5% from the previous month.”

This means that players in the crypto industry are not just interested in getting money through cryptogames as has been reported through social media, but there is actually an interest in having fun like in the traditional video game industry.

Splinterlands tops DappRadar’s NFT games chart with the highest number of players.According to DappRadar, Splinterlands, a dynamic card-based game with an engaging decentralized economy, is the fastest growing blockchain game in terms of active players, reaching a modest 350,000 active players per day.

An interesting fact is that at the end of May, as bitcoin (BTC) was preparing to lose the $32,000 price zone, Splinterlands sold in less than 15 minutes 2,000 validator node licenses, which allowed them to allocate around $4 million to the game’s DAO.

Illuvium was another crypto game that stood out in the report, as in early June they managed to sell 20,000 plots worth 4,018 ETH or $72 million at the time. Not bad for a cryptogame that is not yet available to the general public.

They also looked at STEPN, one of the most popular blockchain games at the moment, which already has over 2 million monthly users and an estimated 262,00 unique wallets that continues to grow despite the market downturn.

In addition, they noted that around $4.9 billion has been invested in NFT games, metaverses and incubators in 2022 to help drive this new and growing industry.

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