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Game usage soars as the industry reels from FTX fallout
In recent days, it’s been hard to look for positive signs, but blockchain gaming has shown the highest level of resistance to the collapse of FTX and Alameda. We are driving more users to dapps.
Highlights
- Gamers put over 800,000 UAW into blockchain applications every day
- Top games seem to be immune to the effects caused by the fall of FTX and Alameda
- Alien Worlds and Splinterlands have registered nearly half a million UAW in the last 24 hours
- read our ongoing analysis on which dapps are safe from the effects of FTX here.
Viewed from the side, most bystanders would think that the crypto industry has collapsed to the point of no return. But in reality the landscape is much brighter. His arguments against full decentralization and true DeFi remain as strong as gamers continue to play and find use in decentralized applications tracked by UNITBOX.
in fact, blockchain gaming has shown the highest levels of resistance throughout the current bear market cycle. Additionally, the numbers show that dapps are being used, and blockchain technology can offer end-users more than just speculative token investment: Dapps are becoming the new app, and that’s what his Just what UNITBOX expected.
FTX collapse is not interesting
Those entering the crypto space from a gaming or NFT angle may not even be aware of the collapse of Alameda or the centralized exchange FTX. Potentially they need to figure out who Sam Bankman Freed is and why the collapse of Alameda and FTX is such a big deal.
Why should they? Given that holding tokens in a blockchain wallet is essential as most blockchain games have internal marketplaces and staking options for players unless the tokens are held in his FTX And this is unlikely. Undoubtedly, gamers learned a hard lesson unknowingly, not with keys or ciphers.
Gamers will keep playing
Numbers don’t lie. Gamers play games, earn rewards, and build gateways for blockchain mass adoption while the world works to pull off the story of a crypto billionaire-turned-man on the run. And so on, I’m doing my best.
below, we look at 7 days of data for blockchain games, ranked by the number of unique active wallets connecting to the dapp. The numbers are weekly, so they show an increase or decrease over a 7-day period. 50% of the games have increased usage, while others show a slight downward trend. This is pretty standard when looking at weekly data.
Another strong argument is that playing blockchain games makes more sense when the value of the token is declining.
What are people playing?
Many of the biggest titles in the Web3 gaming space have seen an increase in the number of Unique Active Wallets (UAWs) interacting with dapps compared to last week.
Alien Worlds, which regularly tops UNITBOX game rankings, added almost 69% more UAWs compared to the previous week. 490,620 UAWs have connected to Alien Worlds in the last 7 days.
In general, casual mobile games had a strong week. Solitaire Blitz and Arc8 by GAMEE all increased UAW connectivity. Arc8 UAW connections by GAMEE increased by 96.27% to 50,480.
These stats only show a week’s worth of data, so there isn’t enough information to say with certainty that dapps aren’t affected by what happened with FTX. Moreover, at this time, it is heartening to see many sections of the blockchain industry still functioning, growing and creating.
you can read our ongoing analysis on which dapps are safe from the effects of FTX here.
Builders keep building
Everyone at Web3 has been affected in some way by the events at FTX. At the very least, people’s faith in the industry has been shaken and they are left wondering what these events will lead to.
Luckily, Star Atlas CEO Michael Wagner has his eyes set on the distant future. His games are built on his Solana, but he believes the network is the best place for the platform to grow. Meanwhile, The Sandbox, another giant player in the Web3 games and entertainment industry, has announced another partnership that promises to help the platform grow.
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