Web3 Gaming Hits $2.3B

Web3 gaming surges, BEANZ Stickers shine, and Alchemy Pay advances NFT minting.

Author

Leah Alger
October 17, 2023

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This Week's Low-Down:

  • 🚀 Web3 Gaming Skyrockets with $600M Q3 Boost

  • ☀️ Chiru Labs’ BEANZ Sticker NFTs Shine on LINE

  • 💎 Alchemy Pay Joins Trekki to Empower NFT Minting

What's Happening Header

  • World of Women NFT Universe Releases Monopoly: WOW Galaxy Edition (Bitcolumnist)

  • NFT Market Slump Shows It’s Maturing Toward ‘Genuine Utility,’ Execs Argue (Cointelegraph)

  • Ferrari Introduces Crypto Payments for U.S. Car Buyers (Bitcolumnist)

  • Estonia’s Leading-Edge Web3-AI Event ‘W3N 2023’ Approaches (NFT Plazas)

  • Mastercard’s CBDC Pilot Ventures into Ethereum and NFTs (Blockworks)

  • 'Craig Wright Is Not Satoshi Nakamoto': Drama Inspires Bitcoin Banger (Decrypt)

  • Immutable Collaborates with AWS for Advanced Web3 Gaming (Bitcolumnist)

  • ‘Much More Appealing’ than Just Collectibles: Web3 Gaming’s Potential (Blockworks)

  • Christiano Ronaldo and Binance Kickoff Third NFT Drop (NFT Plazas)

  • Binance Announces STP Feature to Facilitate Spot and Margin Traders (Bitcolumnist)

  • Yuga Labs To Host Inaugural Yacht Club Open House in Hong Kong (nft now)

  • Web3 Gaming Skyrockets with $600M Q3 Boost (NFT Plazas)

  • The best Web3 Teams Can Still Attract Capital, Says Investor Santos (Blockworks)

Trending Collections on OpenSea:

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Web3 Gaming Skyrockets with $600M Q3 Boost

Web3 gaming projects received $600 million in investments in Q3, bringing the sector to $2.3 billion.

Top virtual world dApps by trading volume include Otherdeed for Otherside, Otherdeed Expanded, The Sandbox and Decentraland.

  • Despite a 30% decrease from the previous year, 2023's market dynamics explain the difference.

  • DappRadar’s Q3 report highlights significant investments in blockchain gaming, with $739 million in Q1, $973 million in Q2, and $600 million in Q3.

  • Despite a 50% drop since Q3 2022, blockchain gaming dominates the dApp market, despite regulatory challenges.

  • The a16z Speedrun accelerator plans to invest up to $75 million in startups merging gaming with blockchain technology.

  • Venture capital firms are also showing strong confidence in the future of blockchain gaming, reflecting their readiness to invest in the sector.

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Chiru Labs’ BEANZ Sticker NFTs Shine on LINE

BEANZ Stickers, created by the masterminds behind Azuki, Chiru Labs, are enjoying remarkable success within the Asian messaging platform LINE.

  • The popularity of BEANZ Stickers stems from a collaboration with IPX, the company behind LINE FRIENDS characters.

  • BEANZ's partnership with IPX includes co-branded content, merchandise, retail offerings, and real-world events.

  • The sticker pack's success signals increased NFT adoption, as it appeals to users unfamiliar with NFTs.

  • Further demonstrating universal appeal and potential for mainstream adoption are the virtual assets claiming top rankings in South Korea's ‘Creators’ section and leading in various other categories across the U.S. and Japan.

    Alchemy Pay Joins Trekki NFT to Empower NFT Minting

    Alchemy Pay partners with Trekki NFT to streamline NFT minting via its enhanced ‘NFT Checkout’.

  • Trekki NFT, backed by Trip.com, offers travel-themed NFTs and introduces user-friendly fiat payment options.

  • Alchemy Pay's NFT Checkout incorporates various payment channels across multiple countries.

  • To spur travelers to transition from Web2 to Web3, Trekki NFT provides perks like accommodation discounts.

  • On the other hand, Alchemy Pay, with over 300 international payment channels, bridges the gap between fiat and crypto by making on-chain finance options easily accessible to all.

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Today's edition was written by Leah Alger.