NFTs And Blockchain Gaming Are Growing Rapidly, New Report Reveals | CryptoGazette
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Despite the multiple market corrections that are some crypto sectors are seeing a boom these days. Check out the latest reports below.
It’s been revealed that the nascent crypto sectors are bucking current crypto trends and rapidly growing despite a stumbling market, according to blockchain tracker DappRadar.
NFTs and blockchain gaming
It’s important to mention that a new report reveals that the popularity of non-fungible tokens (NFTs) and blockchain gaming are at least partially driven by interest from the Asian markets.
DappRadar says countries like China, Indonesia, and India are exploding in terms of the user base, overtaking the US as the epicenter of activity.
“The Asian market continues to increase its footprint within the industry overall. With a high interest in blockchain games and the potential for NFTs, the Asian region is undoubtedly one to closely monitor.”
It’s also important to mention the fact that this report highlights that the two crypto sectors appear unaffected by the macro factors that influence the rest of the digital markets.
Also, despite these factors, they instead exist in their own independent ecosystems.
DappRadar predicted that NFTs and gaming will continue to grow on the back of emerging use cases and mainstream adoption.
“Both NFTs and blockchain games performed strongly in 2021, and it appears that the trend will continue. Especially when considering the upcoming project releases and the potential use cases for both ends.”
The report continued and explained the fact that the price of crypto is volatile and this is its nature.
“the adoption, volumes, and usage of blockchain games and NFTs have only increased constantly. It will be interesting to see whether maturity in both spaces will generate sensitivity to the price of their underlying tokens.”
We suggest that you check out the complete report and learn all the available details about these crypto sectors.
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