GameFi was the most bear-resistant crypto sector in Q2

Edition #26 - 15 JULY 2022


Blockchain games and game-related NFTs have outperformed other crypto verticals during Q2 and have not been impacted as drastically.

GameFi sector drove 52% of all blockchain activity, measured by Unique Active Wallets (UAW), with total GameFi UAWs dropping 7% quarter on quarter, compared to 17% for DeFi and 24% for all NFTs.


Read the full DappRadar x BGA Games Report here.



gaming developments

  • Community anticipation build’s for Otherside’s First Trip - the gamified project associated with Bored Ape Yact Club is set to show off its demo run on July 17th;

  • Tony Hawk skates into the Sandbox with the largest virtual skatepark ever made, spanning over 36 in-game land parcels;

  • Axie Infinity NFT sales volumes triple over the last week following the reveal of land staking.


metaverses & Adoption

  • 74% of Latin Americans prefer businesses that accept cryptoassets;

  • Verified Market Research (VMR) report: NFT market to swell to $231 billion by 2030;

  • Ex crypto adviser Michael Barr confirmed to become vice chairman for supervision at the US Federal Reserve;

  • Survey: 37% of consumers expect their governments to make cryptocurrency legal tender within the next three years;

  • GameStop releases its highly anticipated public beta NFT marketplace.


defi


funding rounds

  • Hang, an NFT membership platform, has closed its $16 million Series A this week, led by Paradigm, with participation from Tiger Global Management, Thirty Five Ventures, among others;

  • Gnosis Safe, a digital assets platform, raises a $100 million funding round led by 1kx with participation from Tiger Global Management;

  • Morpho, a DeFi lending protocol, has raised $18 million in a native token sale round led by Andreessen Horowitz (a16z) and Variant;

  • Animoca Brands, web3 gaming and venture capital company, has completed its $75 million funding round, valuing the company at pre-money $5.9 billion, with investors including Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures amongst others.

 



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