According to a report by data acquisition and analytics firm DappRadar, Web3-based games and Metaverse projects have raised $748 million as of August 1, 2022. Last month, on average, 847,000 unique active wallets ( UAW) daily interacted with blockchain games, down 11% from July.

One of the most popular games in the field, Axie Infinity, surpassed $4 billion in NFT sales of all time, while an additional 36,000 or so people joined as daily players in the last three months.

‘Blockchain Gaming Hasn’t Lost Its Mystery Yet’

Despite the current market downturn, blockchain-based games continue to attract interest. DappRadar revealed that companies in that field and Metaverse projects had dished out around $750 million since the beginning of August. That…