Adoption of blockchain gaming means more options for players

Blockchain games appear in different genres, providing game options for what they can play.

Over the past two years, games that use blockchain technology have increased their presence in the gaming industry.

While there were early examples like CryptoKitties - launched in 2017 - the trend has really taken off, with major game studios even exploring the technology.

At the start of 2022, the market capitalization of blockchain games was around $25 billion and it doesn't seem to be shrinking anytime soon, even in the depths of a bear market. According to analytics service DappRadar, the two most stable areas this year in the cryptocurrency market are blockchain games and non-fungible tokens (NFTs), which have recently become very closely intertwined, creating a new phenomenon. economical.

A striking example here is the well-known game Axie Infinity, whose symbolic price exceeded $150 last fall, endowing the project with a capitalization exceeding $9 billion. During the same period, the game's daily audience was approaching 2 million people.

In December 2021, when Bitcoin (BTC) started to fall from its all-time highs, the Axie Infinity token (AXS) also started to sink, but Axie Infinity's audience grew to nearly 3 million people per day, and transaction activity in its network has quadrupled.

There are objective reasons for such a dynamic. First, most blockchain games use browsers, and the creators use HTML5 and WebGL technologies, which have radically expanded the possibilities of browser game development. These games repopulate browsers and, at the same time, provide the ability to connect crypto wallets and withdraw NFTs to external markets without any regulatory restrictions.

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