The Sandbox, Axie Infinity See $278M Volume in August

UpOnly | Research #26: First-gen games lead as investors look for next big thing

The Sandbox and Axie Infinity top volume ranking for August

Blockchain gaming engagement and economic activity have remained relatively stable throughout the current crypto bear market. August proved no different. The top ten blockchain games raked in over $310 million in trading volume, according to DappRadar. The Sandbox and Axie Infinity claimed most of the market share, highlighting players’ confidence in exchanging value within top-rated games instead of upcoming projects.

How long will first-gen games remain dominant?

The bear market has not stopped the significant influx of capital into blockchain gaming. Investors are highly optimistic about the technology’s potential. They remain keen on being a part of the next breakthrough. However, the continued dominance of the first-generation games despite massive funding for upcoming games suggests it could take significant improvements and time for power to change hands.

Limit Break raises $200M for new blockchain game

Gabe Leydon and Halbert Nakagawa are veteran game developers famed for building free-to-play mobile games at US-based gaming studio Machine Zone. Leydon and Nakagawa have co-founded Limit Break, a Web3 gaming studio working on developing a new kind of blockchain game.

Web3 game publisher Xterio raises $40M

Switzerland-based Web3 game publisher Xterio recently announced a $40 million funding round. The core partner for funding was FunPlus. other popular blockchain-focused venture capital funds also participated, including FTX Ventures, Hashkey, Animoca Brands, and XPLA.

Stay on top of Web3 gaming data with UpOnly

The Web3 gaming space is on track to witness unparalleled growth, as new gaming projects address pressing issues and attempt to unseat market leaders. The UpOnly data directory provides comprehensive coverage of upcoming Web3 and Metaverse games, allowing investors to make informed decisions and position their portfolios for sizeable returns.

UpOnly’s week in review

About UpOnly

UpOnly is a first-of-kind data directory that provides insightful and actionable data on the move-to-earn, play-to-earn, and Metaverse gaming fields. We aim to become a one-stop shop for gamers worldwide to identify the most lucrative play-to-earn opportunities and optimize their performance. Alongside our data directory, we will launch a decentralized prediction platform allowing anyone globally to bet on the outcome of play-to-earn and Metaverse gaming events.

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