Tuesday, July 5

BGA Report: NFT Games Generated $ 2.32 Billion In Q3 Of Year By CoinTelegraph

© Reuters. BGA report: NFT games generated $ 2.32 billion in Q3 of the year

Blockchain gaming continues to grow and dominate the non-fungible token space with a share of about 22% of all NFT trading volume in Q3 2021, according to a report published by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games racked up $ 2.32 billion in revenue between July and September.

Activity related to the metaverse was also highlighted in the report. It showed that virtual land sales reached USD 42.6 million, while the total market capitalization for decentralized virtual world applications reached an all-time high of USD 4.6 billion at the end of November.

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Furthermore, the report mentioned that there is a “6.566% increase in daily unique active wallets.” These are wallets that interact with smart contracts connected to games.

Read the full article on Cointelegraph

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