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The first is the narrative of game earning, and the second is the ownership of NFT enabled in blockchain games. For the first time, players will truly own and fully control their game assets.
As detailed in DappRadar's August Industry Report, blockchain-based games are driving usage within the industry. The number of Unique Active Wallets interacting with gaming dapps (decentralized applications) was 747,000, a 64% increase from July. Comparing this specific game usage metric with other peer categories such as DeFi or NFT collectibles itself can clearly show how the game supports the latest surge in the number of unique wallets associated with blockchain dapps. In fact, looking closely at the record NFT transaction volume in August, 18% came from in-game collectibles, that is, NFTs that can be used in blockchain games.
All in all, the gaming space is expected to become a bigger market. Axie Infinity is a game earning game developed by Vietnamese studio Sky Mavis, which has attracted more than 1.5 million independent players worldwide every day. Illuvium is preparing to launch Immutable X, the Ethereum layer 2 solution, at the end of this year, and the game Star Atlas that will run on Solana is also being hyped.