Blockchain gaming gains massive traction amid crypto winter rumors

When comparing the position to other blockchain pursuits, blockchain gaming grew by 48% in January 2023

Blockchain gaming is regarded as a reliable asset, and the growing market has attracted more than $2.5 billion in funding worldwide, which may help clarify why it continues to be in high demand. For those who kept up with the headlines, the crypto winter was nothing new. At the beginning of 2022, there were $2.2 trillion in international cryptocurrency markets. By the end of the year, there were only $796 million. Investors from all across the globe were obviously worried during these tumultuous times. Blockchain gaming has yet to not only endure but also overcome adversity in the bear market.

When comparing the position to other blockchain pursuits, blockchain gaming grew by 48% in January 2023, rising from 45% in December, claims DappRadar. Although it is undeniable that blockchain gaming has not yet been widely adopted, it does offer a huge benefit over cryptocurrencies. Take into account that cryptocurrencies are infamous for their unpredictability. On the other hand, blockchain technology has a broad spectrum of uses in sectors including banking and healthcare. Similar to this, gaming provides users with more immediate feedback. So, it shouldn't be surprising that the gaming business is predicted to generate $365.6 billion in sales by 2023.