Experts: DappRadar believes that blockchain games are still the main driver of decentralized applications

DappRadar analysts believe that blockchain games are still a key driver of decentralized applications. A new report from the platform says that venture funding in relation to the blockchain industry remained stable in the third quarter of this year.

Analysts estimate that metaverse and Web3 infrastructure-focused projects accounted for more than 36% of quarterly investments. Experts reported that activity in the field of blockchain games is increasing, and the number of unique wallets tied to such games has increased by 8% from the previous month.

Animoca Brands co-founder Yat Siu spoke about what the metaverse will be like in the near future. He noted that the metaverse is not a central entity and should stimulate the emergence of new economies that will benefit its followers.

Explaining his position on the much-discussed market, Siu noted that “the metaverse for us is an entire economy.”

“We don’t want to measure the future of these companies with PNL, we want to measure it in terms of GDP. In the same way that we cannot determine the value of Ethereum by how much gas it generates, but rather by its utility in general, in the same way the metaverse is an all-fulfilling picture. So, thematically, it’s a metaverse; but in practice digital property of ITU2019,” said Siu.

He blames the usurpation on the role of big tech companies like Google and Facebook. Most of the $200 billion+ industry is controlled by big tech companies, he says, with little room for game developers and next to nothing for gamers.

Do you agree with this?