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Tezos Gaming Sector Reports Significant Growth in Q1 2024
The report notes a substantial 558% increase in active gaming addresses quarter-over-quarter, reaching 97,000 in Q1 2024. This surge underscores the growing interest and engagement in gaming applications on Tezos. Messari observed that “active gaming addresses surged by 558% QoQ, reaching 97,000 in Q1 2024.”
By: XTZ News
19 June 2024
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A recent report from Messari highlights the impressive growth of the gaming sector on the Tezos blockchain in Q1 2024, focusing particularly on the success of the CoinBlast game.
Key Insights: The report notes a substantial 558% increase in active gaming addresses quarter-over-quarter, reaching 97,000 in Q1 2024. This surge underscores the growing interest and engagement in gaming applications on Tezos. Messari observed that “active gaming addresses surged by 558% QoQ, reaching 97,000 in Q1 2024.”
CoinBlast’s Popularity: CoinBlast, a social gaming platform on Tezos, achieved significant success with 36,000 peak active users in January 2024. The game allows users to engage in various arcade games and trivia-based challenges. It has become the protocol with the most active addresses on Tezos, averaging over 7,000 unique addresses weekly. Messari highlights that “the gaming application CoinBlast hit 36,000 peak active users in January 2024,” illustrating the game’s impact on the Tezos ecosystem.
CoinBlast stands out for its multiplayer strategy and social wagering elements, enabling users to compete in real-time and win prizes by answering trivia questions. The game’s user-friendly interface and competitive features have contributed to its popularity, making it the protocol with the most active addresses on Tezos. “Tezos saw a significant increase in gaming activity, driven primarily by CoinBlast,” the report notes, emphasizing the game’s central role in Tezos’ gaming sector.
Other Gaming Developments: In addition to CoinBlast, other notable developments in the Tezos gaming sector include:
Battlerise: A turn-based RPG game funded by the Tezos Foundation. This game adds to the diverse range of gaming options available on the Tezos blockchain.
TZ APAC Partnerships: TZ APAC, a Tezos development organization in the Asia Pacific region, partnered with Farquhar Venture Capital and Fibo Partners to fund games built on Tezos. X World Games, a gaming platform with over 1 million users, also partnered with TZ APAC.
Metapals: An AI-companion game collaborated with Sanrio and the creators of the Teletubbies to offer NFT companions available for purchase in Q2 2024. This integration of popular franchises is expected to attract a broader audience to the Tezos gaming ecosystem.
Auto Hero Integration: The Web2 game Auto Hero, with over 5 million downloads, is incorporating in-game items as NFTs on Tezos, blending traditional gaming with blockchain technology.
The number of contract calls to games on Tezos surged by 1,815% quarter-over-quarter, totaling 1.7 million interactions. This indicates heightened engagement and activity within the gaming ecosystem. The report further notes that “contract calls to games rose by 1,815% QoQ, totaling 1.7 million interactions.”
To add to this positive outlook, daily transactions on Tezos more than doubled to 95,000, with 142,000 new accounts funded in Q1. The groundwork for EVM-compatible Etherlink was laid in Q1, featuring sub-second config times, developer-friendly infrastructure, trustlessness, and contributions from LayerZero, Layer3, and The Graph. Additionally, several exciting partnerships and projects chose to build on Tezos, including Magic Labs, 0xZeeve, the Universal Health Token, and UABA Africa. The Oxford2 protocol was activated, and the Paris proposals were released, including 10-second block times, adaptive issuance, and the Data Availability Layer (DAL) (Tezos).
The report notes a substantial 558% increase in active gaming addresses quarter-over-quarter, reaching 97,000 in Q1 2024. This surge underscores the growing interest and engagement in gaming applications on Tezos. Messari observed that “active gaming addresses surged by 558% QoQ, reaching 97,000 in Q1 2024.”
Stables, the Paris-based Web3 Equestrian Fantasy Game, has appointed venture capital veteran Lebnan Nader as Chief Executive Officer. Lebnan Nader, who had founded and run several gaming and technology businesses, will oversee an international expansion as Stables seeks to add horses and attract owners from outside its French home market.
On Friday, April 5th, 2024, at 22 UTC, Chainborn will start a tournament for everyone who is interested to participate in this event.
The tournament size will depend on the amount of people who’ll participate on April 5th, but wouldn’t it be amazing to stream a tournament with at least 16 battling Heroes?
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Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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Stables, the Paris-based Web3 Equestrian Fantasy Game, has appointed venture capital veteran Lebnan Nader as Chief Executive Officer. Lebnan Nader, who had founded and run several gaming and technology businesses, will oversee an international expansion as Stables seeks to add horses and attract owners from outside its French home market.
On Friday, April 5th, 2024, at 22 UTC, Chainborn will start a tournament for everyone who is interested to participate in this event.
The tournament size will depend on the amount of people who’ll participate on April 5th, but wouldn’t it be amazing to stream a tournament with at least 16 battling Heroes?
The Tezos Foundation has officially announced a grant to Oxalus.io, the team behind the notable game Auto Hero, marking a significant step towards transforming the popular game into a Web3 experience. This initiative is set to leverage the Tezos blockchain, aiming to introduce a new dimension to the gaming experience.
