DappRadar<\/strong>\u2019s Industry Report for May shows.<\/p>\nThe sector\u2019s resilience is clear despite a drop in the number of game transactions of 5% in May compared to the month before, DappRadar said, comparing the sector to the sharp decline in activity seen in decentralized finance (DeFi) and non-fungible tokens (NFTs).<\/p>\n
It added that the top blockchain games have largely maintained their player base, with \u201creal engagement\u201d evident among players on the various platforms.<\/p>\n
Meanwhile, the report also said that the gaming category has continued to see venture capital investments flowing in throughout the market downturn. This has helped keep the bullish momentum going for the sector, DappRadar noted.<\/p>\n
As an example of the strong interest in crypto-based gaming, the report mentioned Otherside<\/strong>, a play-to-earn (P2E) metaverse project for the Bored Ape Yacht Club<\/i> (BAYC) NFT community, saying that it generated USD 760m in May alone.<\/p>\nThe massive revenue from the project helped make May the best month ever for metaverse NFTs, with USD 850m generated, DappRadar said.<\/p>\n