Original author: lesley@footprint.network
July 2023 saw a small increase in the Web3 gaming space, but user adoption remains an ongoing challenge for many projects. The number of active blockchain games rose slightly to 2,471, according to Footprint Analytics. However, only 9% (226) of them have more than 1,000 monthly active users.
Investments such as Binance Labs $15 million backing of Xterio show continued interest in the potential of Web3 gaming, although funding rounds are down from previous months. Sui 8192 also made waves by enabling frictionless blockchain gaming without barriers. Its rapid user adoption shows the promise of blockchain-integrated games.
Web3 games still face difficulties such as low cryptocurrency prices, but their core value proposition of ownership and interactivity still attracts developers and users. With a better design of the economic model and a more seamless and silky user experience, Web3 games may soon reach the tipping point of mainstream adoption.
The data for this report comes from Footprints GameFi Research page. This is an easy-to-use dashboard containing the most important statistics and metrics to understand the Web3 gaming industry, updated in real time. You can clickhereGet the latest information on prices, programs, financing and more.
Overview
Crypto Market Overview
Despite the price surge, bitcoin ended July at a low $29,230, down about 4 percent from its July 1 opening of $30,587.
Blockchain Game Market Overview
Of the 2,471 games on the market, only 679 have more than 10 on-chain MAUs.
The peak user interaction in July occurred on July 28, when 1,014,190 users participated in various projects and games.
Development of blockchain game public chain
In terms of active users, the BNB chain accounted for 30.5%.
Sui 8192 is a completely chain-based game built by Ethos on the Sui chain. It has shown amazing user and transaction data on the chain, successfully breaking through the entry threshold of blockchain games.
Overview of blockchain game projects
The combination of sports and blockchain technology provides a new perspective on participation, interactivity and true ownership of in-game assets.
The cryptocurrency market has experienced considerable price fluctuations, with StarShips price changes being the most significant.
Investment and financing of blockchain games
There were only two gaming-related project funding rounds in July. Financing rounds have been trending downward since April.
Delabs Games raises $4.7 million to build on Polygon.
Binance Labs invested $15 million in Web3 gaming startup Xterio.
Highlights of this month
Footprint releases a comprehensive GameFi data solution and provides a free API to all developers.
Google Play Store officially allows NFT games other than gambling games to be listed.
The developers of StepN have launched a social MMO called Gas Hero.
Meta is working on rebooting its lagging Horizon Worlds platform with a new in-house game studio.
Blockchain game Sui 8192 is more active than Solana chain.
Crypto Market Overview
Throughout July 2023, the value of Bitcoin will mainly fluctuate in the range of $29,000 to $31,000. Bitcoin reached a one-year high on July 13, reaching $31,400, its highest value since July of the previous year.
Market Cap: GameFi Tokens vs BTC
However, despite the price surge, bitcoin ended July at a lower price of $29,230, down about 4% from its July 1 opening price of $30,587.
In particular, sluggish summer trading activity and a lack of short-term tailwinds may have contributed to Bitcoins decline.
However, as CEO of decentralized futures exchange SynFuturesRachel LinAs noted, Bitcoins drop below $30,000 may be just a brief correction in the overall bullish trend. This view reinforces bitcoins consistent trading range between $29,000 and $31,800 since mid-June, unfazed by factors such as interest rate hikes, inflation concerns and other macroeconomic worries.
Blockchain Game Market Overview
The number of games continued to grow in July, rising from 2,459 in June to 2,471.
Monthly Active Games by Active Gamers
However, among these 2,471 games, only 679 game chains have more than 10 monthly active users, and only 226 game chains have more than 1,000 active users, accounting for 9% of all games. This contrast highlights a significant challenge faced by a large proportion of these games - limited user adoption.
In July, the peak of user interaction occurred on July 28, when 1,014,190 users participated in various protocols and games. On that day, Alien Worlds stood out with 202,533 users, accounting for nearly 20% of the entire market, highlighting the important role of top games in driving the total number of active users. However, user engagement dropped slightly on July 30, with the number of active users falling to 692,940.
The number of transactions this month started at 19.63 million and gradually dropped to 18.09 million at the end of the month. Despite these fluctuations, the overall trend remains stable.
Development of blockchain game public chain
A total of 1,177 active games maintained user engagement this month. It is particularly worth noting that in terms of active users, the BNB chain accounts for 30.5%.
As of July 31, two outstanding games in the BNB ecosystem have successfully attracted more than 10,000 active users:"Hippo Dash"and"SecondLive". This achievement highlights the ability of these games to reach large audiences, underscoring the key role of innovative games and engaging concepts in generating massive user engagement.
In the current blockchain gaming space, there are still important barriers to entry. However, Sui 8192 breaks the barrier to entry into the blockchain game with its compelling user and transaction data.
SUI 8192
The rules of Sui 8192 are simple: move the tiles with numbers in four directions, merging tiles with the same number to accumulate their values until you reach the target number 8192. Surprisingly, each block moved triggers a transaction, changing the state of the game object. Despite its apparent simplicity, the Sui 8192 has huge potential in the gaming industry. Not only does it democratize blockchain gaming, allowing players to access it from any internet-connected device, it also injects persistence into the game itself, integrating it into the player’s digital assets. While trading or giving away games may not be practical right now, this functionality sets a groundbreaking example for future DApps.
Every in-game move is a transaction, processed quickly and seamlessly integrated into the online experience, a testament to the power of the Sui Network. The potential of Sui lies not only in its ability to process transactions in parallel, but also in its ability to scale out by adding nodes to meet growing demand. This dual capability ensures that transaction fees remain low even as more games and decentralized applications migrate to the platform.
Within the first few days of the Sui mainnet launch, more than 40 games have already taken advantage of Sui’s transformative potential. This is a clear indication that Sui’s vision goes beyond the boundaries of “blockchain gaming”. It empowers game developers to enrich player experiences through the possibilities of Web3 gaming.
Overview of blockchain game projects
Blockchain Games on EthereumSorareAttracting widespread attention and becoming a leader in user engagement. Last month, Sorare achieved impressive results with 3,037 active users, surpassing The Sandbox and Axie Infinity in terms of user numbers.
Sorare
Sorare, a blockchain-powered game, introduces a novel concept whereby users (called managers) can purchase and trade non-fungible tokens (NFTs) representing top athletes and participate in competitive events, Giving users the opportunity to participate in their favorite sports in innovative and immersive ways.
Likewise, Ultimate Champion remains ranked No. 1 on the Polygon game and secured the No. 2 spot on the BNB chain. Ultimate Champions is a unique free virtual football and basketball game featuring officially licensed digital cards hosted on the blockchain as NFTs.
This success highlights the strong synergies between sports and blockchain gaming. The combination of sports and blockchain technology provides a new perspective on participation, interactivity and true ownership of in-game assets.
The cryptocurrency market has experienced considerable price volatility, with theStarShipThe price changes are the most significant. As a project running on the BNB chain, StarShip has experienced an impressive surge, with the price increasing by an astonishing 790.67%. This meteoric rise can largely be attributed to the games successful launch, which attracted investor attention and interest.
Following closely behind is the well-known Decentral Games, another player well worth knowing about in the blockchain gaming space.
Investment and financing of blockchain games
There were only two gaming-related project funding rounds in July. Financing rounds have been trending downward since April.
Monthly Gaming Fundraising Times
Despite the temporary decrease in funding events, the long-term potential of blockchain games remains promising.
Xterio, a well-known player in the Web3 gaming space, successfully received a $15 million investment from Binance Labs. The capital injection will accelerate Xterio’s game and technology development, with a focus on cutting-edge features such as integrating artificial intelligence (AI) and launching its own token. Xterios innovative approach, which includes a free-to-play gaming platform and GameFi as a Service offering, aligns with the growing trend of interactive and decentralized gaming experiences.
Meanwhile, blockchain game developer Delabs Games raised $4.7 million in a seed round. Delabs Games, which focuses on games built on the Ethereum scaling network Polygon, will use the funds raised to strengthen game development and strengthen marketing and community engagement.
This article was contributed by the Footprint Analytics community.
The Footprint Community is a global, mutually supportive data community where members use visual data to work together to create communicable insights. In the Footprint community, you can get help, build links, and communicate about blockchain-related learning and research on Web 3, Metaverse, GameFi and DeFi. With many active, diverse, and highly engaged members inspiring and supporting each other through the community, a worldwide user base has been established to contribute data, share insights, and drive community development.
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