July NFT data wrap: Investor interest in gaming, NFTs continued despite market downturn

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

ICYMI: July NFT data wrap: Investor interest in gaming, NFTs continued despite market downturn

Blockchain gaming accounted for 47% of investments from the top 10 most active crypto investors in Q2.Declines in monthly NFT marketplace volumeBut while retail may be down, there are signs from reports on Q2 investments that blockchain gaming and NFT projects were not as deeply affected by the downturn as other areas of crypto.investors for gaming and NFT projects

“On average, NFTs/Gaming vertical proportionally take up almost half of all the most active deals, and, at least relatively, the interest in the blockchain gaming sector is not easing,” said The Block researcher Edvinas Rupkus.Gaming accounted for 1.1 million Unique Active Wallets , or 52%, in Q2, according to aMonthly NFT marketplace volumes on Ethereum are down this month by 26% to a total of $678 million compared to last month's $884.68 million in volume.

“These changes have flushed many low-effort participants and cut deep into the percentage of users who relied heavily on the free aspect of the game. The present community reflects the active player base for the dapp,” noted Dapp Radar.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$BNB is still the home to the best gaming ecosystem in Web3 right now. Many quality games played heavily in Asia

How do get around paying taxes on thiss .

South Africa South Africa Latest News, South Africa South Africa Headlines