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Within about a year, NFT games are on the verge of overtaking the now popular PC games.
Compared to traditional PC games, only 10 games are more popular than the top NFT editions.
The $ 2.5 billion raised by blockchain games in the first quarter of 2022 will be $ 10 billion this year, compared to $ 4 billion in 2021.
Game token prices have plummeted as the market expands, but user growth and investment are strong
As the market continues in full risk-off mode, NFTs are collapsing, so we decided to dive into the stats behind the sector I believe is one of the most interesting use cases for this new technology. did.
Indeed, a lot NFT I’ve always felt that the marriage between games and NFTs is natural, although the prices are too high and can be attributed to market hysteria. Players spend a lot of time playing certain games and spending money on in-game additions, so it seems reasonable to define ownership and maintain historical records on the chain. ..
So what do the numbers show about the adoption of NFT games compared to traditional games? Also, are you drawing a bullish picture than the price of tokens that plunge?
When it comes to active users, last year’s growth was remarkable for NFT games. A report According to DappRadar, the growth rate of blockchain games is calculated to be 2000% from the first quarter of last year.
Also, in the first quarter of this year, $ 2.5 billion was raised for blockchain games and other Metaverse projects. This happened before the ugly recession of the last few months, but it’s still promising given that $ 4 billion was raised in all of 2021 when the bull market was in full swing. As a result, the Games and Metaverse project will raise $ 10 billion by 2022. Therefore, even a significant conservative 60% reduction in funding would exceed 2021 levels.
The money is large, but the users are also large. Looking at the graph below, which shows the top 10 NFT games, we can see that this sector is beginning to gain mainstream appeal and is gaining more and more unique users each month.
Applying the above numbers to the context, the current good benchmark for NFT games is the PC game benchmark. The graph below shows the top 10 most played PC games on the Steam platform. It’s difficult to get data on total users per month, but the graph below shows the average number of simultaneous players over the last 30 days (as shown in the graph above, total unique per month). Not the number of users).
The graph below shows how NFT games overlap with the most popular PC games, assuming 5% of active players are always online, with blue NFT games and orange traditional PC games. I’m comparing.
This shows that NFT games haven’t overtaken PC games yet, but are very close to outbreak. Only the top 10 PC games have more users than the top NFT game Alien World, the margins are very narrow, and Alien World is only about 1,000 users away.
Despite the bullish growth of numbers, these games are being swayed as a fad due to the overall recession of the crypto market. In addition, the graphs for the two biggest tokens below (Alien World and Axie Infinity) show that the freefall has intensified after last year’s explosive runaway.
But looking back at the price of such tokens (mostly speculative) in the past and instead delving into user growth and investment in these platforms, the future still looks bright.
Recall that despite the bearish sentiment of the market, there is a very realistic technology here that is changing and confusing the industry. Given the early nature of space, being on the brink of top 10 PC games is already a significant achievement.
What about whether these tokens are a good investment at the current price? Well, it’s a matter of another day.
https://dappradar.com/blog/dappradar-x-bga-games-report-q1-2022
https://www.statista.com/statistics/1266486/blockchain-games-user-number/
