March Web3 Gaming Report📊

TLDR: March gud, ape happy🐵

The market was explosive in March with crazy $BTC volatility soaring to ATHs and AI sector booming with new super chips from Nvidia🤖

What about Web3 gaming? In March the gaming token marketcap increased 24.1% and a 17.5% increase in daily active users.📈

▪️ A booming market wasn't the only reason the gaming token MC grew. GDC (Game Developer Conference) also played a crucial role in the interest and adoption of Web3 games with titles like @playSHRAPNEL showcasing over 100k active wallets during GDC weekend.🔺

▪️ Depsite raising interest and trading volume, volume is still far behind the peak in 2022

Web3 Gaming Chains

▪️ According to our data gamer rankings highlighted @Ronin_Network , @0xPolygon , and @BNBCHAIN as the top platforms in active gamer count, with market shares of 35.4%, 20.9%, and 10.8%, respectively.

▪️ Meanwhile, Ethereum, Ronin, and BNB Chain dominated trading volume rankings. @Ronin_Network showcased a trading volume of $81.7M up 35% from February!

▪️ @Immutable & @KingRiverVC with support from @0xPolygonFdn have launched IGF (Inevitable Games Fund) a $100M gaming scout initiative.

Web3 Games Overview

▪️ In March, the number of active blockchain games remained steady at 2,879, with no significant changes observed.

▪️ @GoGalaGames utility token $GALA increased 69% in March with big things building.

▪️ @illuviumio closed a $12M series A round, dubbed Ethereum's first AAA game.

Web3 Gaming Investment

▪️ In March, the Web3 gaming sector experienced a significant surge in investment, with $151 million raised, an 80.6% leap from February's figures, across 26 funding rounds.

▪️ @ParallelTCG closed $35M round to take the top spot in March

▪️ @GunzillaGames closed a whooping $30M from @avax for their battle royale shooter @playoffthegrid

Read the full article here👇
https://t.co/9F3sUQlzKv