GameFi apps revived interest in blockchain gaming: Huobi Research
Crypto exchange Huobi’s research arm Huobi Research has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies the use of decentralized finance (DeFi) and blockchain gaming that incentivizes users based on a play-to-earn model.
According to Huobi Research, on-chain data suggests that GameFi initiatives have seen a steep increase since June 2021 owing to a sizable reduction in transaction costs and improved user experience.
The research shows that popular blockchain games such as CryptoKitties recorded a maximum of 140,000 daily active users and 180,000 daily transactions back in Nov. 2017 but lost over 90% user interaction within a few months:
However, the blockchain gaming industry saw a
Read more on cointelegraph.com
