DappRadar’s Q3 report highlighted a 91.61% decrease in the trading volume of virtual world projects.
Still, the gaming industry accounted for 48% of all blockchain activity.
Beyond gaming, blockchains are also observing demand as the European Parliament recently approved their use for tax collection.
The last two quarters have been full of surprises for the crypto community, with the third quarter in particular, being the most volatile. The effects of the same were observed on crypto projects in multiple ways, wherein blockchain games noted a significant preference from users and investors.
Q3 for the virtual world
Overall, the months of July, August and September noted a generally negative reception in the crypto gaming industry. The top six gaming protocols were all faring below the mark in comparison to their performance in the second quarter.
According to DappRadar’s report, the Unique Active Wallets (UAW) observed a decline ranging from 2% to 42%, with only Solana registering...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...