GameFi analytics help blockchain gamers sift through crypto games
From the massive fall of Bitcoin’s (BTC) price to the collapse of crypto exchange FTX, 2022 was full of upheaval for the blockchain industry. But the blockchain community has always been resilient, finding new ways to develop in the most challenging times.
A striking example of optimism and growth is the development of the GameFi industry, which combines gaming, decentralized finance (DeFi), nonfungible tokens (NFTs) and the metaverse.
In 2021, GameFi became a growth leader in the crypto space, with successful projects like Gala Games, Decentraland, The Sandbox and Axie Infinity.
The GameFi sector has continued to develop, attracting more and more investment. In 2022, the volume of venture investments in Web3 games and the metaverse amounted to $7.6 billion. Some analysts predict a valuation of $2.8 billion for the GameFi sector by 2028.
However, a sudden influx of investors in this growing sector has also resulted in many low-quality games suffering from poor in-game economics, as well as monotonous and underdeveloped gameplay.
How can a gamer looking for a good project find the right one? Cointelegraph has found several GameFi analytics resources to help potential gamers weigh the pros and cons of each platform.
DappRadar is one of the most popular decentralized application (DApp) analytics services. Founded in 2018, it provides statistics on DeFi, GameFi and NFTs. The platform has data for over 2,000 NFT games.
Pros
One of the most popular features of DappRadar is located in the “rankings” tab, which allows users to rank several DApps related to GameFi, DeFi projects, gambling, exchanges, NFT collections, marketplaces, social networks and different blockchains. DApps are ranked according to criteria such as the number of
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