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Blockchain Gaming is on the Rise

August 30, 2021

Blockchain Gaming is on the Rise

We first featured ‘Axie Infinity', a blockchain-based trading and battling game, approximately a month ago...And, its unprecedented success has already had a profound impact on the cryptocurrency space at large.

Axie Infinity Shards ($AXS), the Ethereum tokens that both govern the core gameplay and serve as investable shares, have gained nearly +70% in the past month, alongside a massive spike in active users around the world.

This growth has not gone unnoticed.

Consumer Mentions of blockchain-based games have exploded higher in recent months: +656% QoQ (30d moving average).

Several key elements make blockchain games unique, the most important being the ability to play-to-earn.

Players earn cryptocurrency tokens (like $AXS) for completing challenges in-game. Additionally, all items and assets are NFTs, which can be sold on the open market for financial gain.

Axie still holds a commanding lead as the #1 blockchain game, but there are untold 100's that have appeared in the past month, hoping to capitalize on its success.

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LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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