Research Summary
The report discusses the potential of seven gaming projects built on the Avalanche (Avax) blockchain, each with a market cap below $5 million. The author predicts a strong future for blockchain gaming, with the market expected to reach $1 trillion by 2032.
Key Takeaways
Blockchain Gaming Market Growth
- Projected Market Size: The report predicts that the blockchain gaming market will reach $1 trillion by 2032, growing at a compound annual growth rate (CAGR) of 68%. This projection suggests a significant opportunity for early entrants in the market.
Avalanche’s Role in Blockchain Gaming
- Avax’s Rising Popularity: The report highlights that Avax has risen to the third position in terms of fees generated over the past seven days, indicating its growing popularity in the blockchain gaming space.
Top Gaming Projects on Avax
- Heroes Chained: This RPG fantasy game has a market cap of $5 million and a fully diluted valuation (FDV) of $11 million. The game is set to launch an open beta on the App and Play store and is backed by the Avax Foundation.
- Dypians: This metaverse MMO open-world questing game has a market cap of $4.9 million and an FDV of $7.2 million. The game offers a 50% APY staking pool and is set to add transportation vehicles.
- Open Blox: This questing theme NFT gaming platform has a market cap of $500,000 and an FDV of $2.2 million. The platform runs on Avax and Arbitrum and is launching an app.
Emerging Gaming Projects on Avax
- Heroes of NFT: This is the first strategy card game on Avax with a market cap of $2.4 million and an FDV of $7 million. The game is building a team and a metaverse.
- Blood Loop: This 5v5 shooter game is built on UR5 and is incubated by SeedifyFund. The game has completed its IDO on NTLAunchpad and offers a unique blend of NFTs and DeFi.
- Playa3ull: This gaming platform also offers a marketplace for trading in-game assets. It has a market cap and FDV of $5.1 million. The platform offers node validation for rewards and is planning to launch a metaverse.
Actionable Insights
- Monitor the Growth of Avax: Given the rising popularity of Avax in the blockchain gaming space, it would be beneficial to keep a close eye on its growth and the development of games on its platform.
- Research the Potential of Listed Games: The games listed in the report, all with a market cap below $5 million, could present potential opportunities. Detailed research into these games could provide insights into their future prospects.
- Stay Updated on Blockchain Gaming Trends: With the blockchain gaming market projected to reach $1 trillion by 2032, staying updated on trends and developments in this space could provide valuable insights for future decision-making.
