Blockchain gaming continues to abound and dominate the nonfungible token (NFT) infinite with a share of roughly 22% of all NFT trading volume in the third quarter of 2022, according to a report released past the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September.

Metaverse-related activity was also highlighted in the report. It showed that virtual land sales reached $42.vi meg while the total market capitalization for virtual world decentralized apps reached an all-time high of $4.six billion at the cease of November.

Additionally, the report mentioned that at that place is a "6,566% increment in daily unique active wallets." These are wallets that collaborate with smart contracts connected to games.

The report also cited significant investments in blockchain gaming companies this yr. Hong Kong-based game software company Animoca Brands raised $88 million in May, $138 1000000 in July and $65 million in October, doubling its valuation to $ii.2 billion.

Additionally, Cryptokitties developer Dapper Labs shocked the world with $230 million in sales on its NBA Superlative Shot project. Meanwhile, Pokemon-inspired NFT battling gaming Axie Infinity currently holds the tape as the highest NFT sales with almost $4 billion all-time sales.

DappRadar co-founder Dragos Dunica believes that this growth will proceed as everything comes together toward the metaverse. According to Dunica, the user growth of blockchain games will lead to something bigger and "potentially all-encompassing, the Metaverse."

Related: Nosotros saw mainstream adoption for NFT art kick off in 2022, says NFT.NYC co-founder Cameron Bale

As the metaverse becomes more popular, major companies are jumping into the fray. In China, despite warnings from the government most NFTs and virtual assets, companies embarked on a race to register metaverse-related trademarks. More than than a chiliad companies practical to register 8,534 metaverse trademarks by Sunday.