20/08/2021 Data: Blockchain-based gaming booms with help from Axie Infinity, outpacing NFTs, DeFi

 

David Hollerith
 

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Blockchain-based gaming is being adopted at an increasingly rapid rate, new data suggests, even as the popularity for other applications such as non-gaming tokens and decentralized finance (DeFi) show signs of wear.

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According to the most recent Blockchain Game Report from the Blockchain Game Alliance (BGA), over 804,000 unique active users connected to blockchain-based games in July. The trend indicates that while the novel industry is in the throes of speculative activity that’s driving up volatility, the gaming segment is quickly growing its user network.

Blockchain-based gaming is seeing a boom that's outpacing NFTs and DeFi

 

Blockchain-based gaming is seeing a boom that's outpacing NFTs and DeFi

 

Notably, the blockchain-powered game "Axie Infinity" dominates the sector, the BGA's data revealed. With over $1 billion in trading volume — $600 million of which came in July — the game became the most valuable collection of non-fungible tokens (NFTs). Launched in 2018 by Vietnamese developer, Sky Mavis, Axie Infinity is a play-to-earn game inspired by the popular video game franchise, Pokemon.

And based on Google Trends, internet search for Axie Infinity doubled even that of Activision's (ACTI) hugely popular first-person shooter game franchise, “Call of Duty.”

Along with Axie’s whopping 453% increase in trading volume since June, the report suggested that sales volume often leads to growth in social media followers via Twitter and Discord.

Blockchain-based gaming is seeing a boom that's outpacing NFTs and DeFi, and is linked to increased usage of social platforms.

 

Blockchain-based gaming is seeing a boom that's outpacing NFTs and DeFi, and is linked to increased usage of social platforms.

 

In Axie Infinity, players can battle, breed and raise various monsters called “Axies.” Each one comes with its own unique NFT that can be raised, battled and traded.

Built on top of the Ethereum blockchain, the video game allows players to earn money through game play. Axie Infinity has become increasingly popular in developing countries such as the Philippines, where players can simultaneously bolster their cryptocurrency earnings by playing the game.

According to Token Terminal, the game’s governance token, AXS, helped Axie Infinity generate more revenue in July than any other cryptocurrency including — Ethereum (ETH) and Bitcoin (BTC). Since the beginning of August, the price of AXS has nearly doubled, from $38 to $74.Coinbase, the major cryptocurrency exchange, listed AXS on August 11.

Arts

https://finance.yahoo.com/news/data-blockchain-based-gaming-booms-outpacing-nf-ts-de-fi-174617791.html

Interesting NFTs
Fisherman seated on a rock
Katsushika Hokusai (1760-1849) Fisherman seated on a rock mid-1820s(?) - Japan
The Moth Catcher
In this psychologically bed-headed portrait, a creature sets in a trance; his eyes devolved and vestigal, his third eye open but hardened and in a form resembling a Sharingan. The imagery therefore expresses an awareness existing in corporeal introspection. The creature’s mind sprouts, on the left side, an emerging face, grinning. To the right side of the head, red tentacles and fingers intertwine–a collaboration of invertebrate and vertebrate consciousness cooperatively handling paint brushes of the sort used to build an oil painting. The neck and throat bristle with random thorns, as from a rose or the upper portions of a beak sprouting from its flesh. The neck itself disassociates into layers of membranous material, terminating upon an abstracted base of convoluted forms composing its body. The nose is virtually non existent, more a sinus reiterative of the shape of the third eye. Set against the exposed teeth peering out of thick, meaty cheeks, a skeleton-like impression results. That impression sets behind a visceral set of lips and tongue, which is the creature’s prime seat of awareness. Sensual, organic, the tongue organ hangs, meaty, and with consciousness of a sea cucumber. It illuminates at the tip, drawing the attraction of a nearby moth–with mystery of purpose.
Pouty/Spock-Dom Chartr-Rec
Yo! I'm Pouty/Spock-Dom Chartr-Rec. I want to live in a world where people believe the world is flat. I once made a rhino grimace. I think you'll love me beclaws I have cattitude.
T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/