Yuga Labs
CompanyUnited States · Founded 2021
Documents about Yuga Labs
State of Blockchain Gaming Q1 2023 Report
Blockchain gaming showed measured growth in the first quarter of 2023, according to this DappRadar and Blockchain Game Alliance quarterly overview covering activity from Q3 2022 through Q1 2023.
- Blockchain gaming and metaverse projects secured $739 million in investment during Q1 2023.
- Investment in the sector grew by 12.95% quarter-over-quarter compared to the $654.5 million recorded in Q4 2022.
- The $739 million total for Q1 2023 represents a sustained upward trajectory in capital interest for blockchain-based gaming.
DappRadar Blockchain Industry Report: Highlights of July 2022
Blockchain activity in July 2022 remained subdued by a prolonged crypto bear market, driven by the Terra collapse and a worsening macro backdrop of record U.S. inflation, a 75 basis point rate hike, and a second consecutive quarter of GDP contraction.
- Blockchain gaming remains the industry's primary driver, accounting for nearly 60% of all dapp usage with 1 million daily Unique Active Wallets (UAW), an 8% month-over-month increase.
- DeFi activity hit a yearly low with UAW dropping below 500,000, though Total Value Locked (TVL) recovered 22% to reach $82.3 billion across Ethereum, BNB Chain, and Tron.
- The NFT market contracted significantly in July 2022, with monthly trading volume falling below $1 billion for the first time in over a year.
The Metaverse, Blockchain Gaming, and NFTs: Navigating the Internet’s Uncharted Waters 2022
Newzoo's 2022 trend report examines the metaverse, blockchain gaming, and NFTs, identifying ten prevailing trends in these spaces.
- Roblox developers retain up to 28.1% of the total earnings their experiences generate, while the platform takes a much higher fee, close to 75%, from game developers building on it.
- P2E guilds lend in-game assets to scholars, who usually retain between 50% and 70% of the resulting revenue.
- The early blockchain game market is dominated by financially oriented P2E titles whose core focus is on economics rather than gameplay.
The Metaverse, Blockchain Gaming, and NFTs: Navigating the Internet’s Uncharted Waters
Newzoo's 2022 Trend Report examines the metaverse, blockchain gaming, and NFTs, identifying ten prevailing trends across the metaverse, blockchain gaming, and NFT space.
- Newzoo reports Roblox reached over 53.1 million DAUs on average in 2021, and that developers building on Roblox retain only just above 25% of the revenue they generate.
- The report states that the early market for blockchain games is overrun by titles with rudimentary gameplay and no sustainable economies.
- According to the report, NFT trading volume reached $18.3 billion in 2021, up from $82 million in 2020.
Newzoo Trend Report 2022: The Metaverse, Blockchain, Gaming, and NFTs
Newzoo's Trend Report 2022 covers the metaverse, blockchain gaming, and NFTs, identifying ten prevailing trends across the metaverse, blockchain gaming, and NFT space.
- The report states that in July 2021, when Newzoo launched its first metaverse report, the metaverse, NFTs, and blockchain gaming transitioned from being largely unknown concepts to ubiquitous terms on the lips of every major brand or investor.
- Citing CryptoSlam!, the report states that NFT trading volume reached $18.3 billion in 2021, up a staggering 22,300% from $82 million in 2020.
- The report notes that Roblox takes close to 75% from developers building on its platform, compared with a standard 30% cut at Steam and Google Play.