- VeChain’s ExoWorlds partners with sp4ce games, stepping into the blockchain gaming sector.
- Blockchain gaming witnessed a 2,000% increase between Q1 2021 and Q1 2022, accounting for over half of all blockchain activities.
A Monumental Move for VeChain
As blockchain continues its permeation into various sectors, VeChain is not sitting on the sidelines. ExoWorlds, an innovative Sci-Fi NFT blockchain developed on the VeChainThor platform, recently unveiled its collaboration with Sp4ce games, a rising stalwart in the blockchain gaming arena. This synergistic partnership isn’t just a mere association – it’s an endeavor to augment ExoWorlds’ position in the market.
🚀 We're thrilled to announce that #ExoWorlds is gearing up to launch our very own DEX directly on our website!
Using @VeRocket's API, get ready for a seamless, user-friendly experience where you can trade EXO/VET with ease and security. 🔒
— ExoWorlds (@ExoWorldsNFT) October 19, 2023
Sp4ce games will amplify ExoWorlds with tailored content, astute strategies, pinpointed marketing, and a gamut of growth-catalyzing tools.
For the uninitiated, VeChain employs a Proof-of-Authority (PoA) consensus algorithm, a mechanism that offers game developers tangible benefits like negligible transaction expenses. In a comparative analysis, VeChain’s PoA network outstrips Ethereum by showcasing thrice the speed, thereby substantially reducing server stress. This partnership’s implications are vast: it’s not just a win for ExoWorlds or Sp4ce games; it is a testament to VeChain‘s increasing influence and utility in the blockchain domain, especially in the gaming sector.
The Skyrocketing Trajectory of Blockchain Gaming
Taking a broad sweep across the blockchain gaming landscape, the numbers are nothing short of impressive. Data sourced from DappRadar elucidates that blockchain gaming activities witnessed a meteoric rise of 2,000% from Q1 2021 to Q1 2022. To put that into perspective, more than half of all blockchain activities are now gaming-related.
March 2022 stands out, as over 1.22 million Unique Active Wallets (UAW) got associated with blockchain games. While Axie Infinity endured financial hiccups, it still commanded a considerable UAW share. The surging popularity of play-to-earn NFT games, particularly on Ethereum’s sidechains, further fueled this growth. Notably, Polygon’s gaming activities observed a 220% surge in 2022, with platforms like Aavegotchi and Pegaxy being significant contributors.
However, it’s not all rosy. Some blockchain gaming avenues, like BSC and Ronin, observed activity reductions, as gamers sought stability over volatile chains. But even against this backdrop, the funding narrative is overwhelmingly positive. In Q1 2022 alone, blockchain gaming brands raked in $2.5 billion, with brands like Animoca Brands standing out with $360 million post a staggering $5 billion valuation.
The Road Ahead
The future of blockchain gaming remains rife with discussions and debates. While some harbor reservations regarding its mass adoption, the underlying trend indicates growth, innovation, and burgeoning interest. In this unfolding narrative, VeChain’s role will undoubtedly be pivotal.
Connect with Collin Brown on X (Twitter) for valuable market insights, frequent updates, and a touch of humor!