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Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled

Published 08/31/2022, 06:30 PM
Updated 08/31/2022, 08:00 PM
Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled

The decentralized application industry pushed above $40 billion in smart contract deposits in February 2021, and currently the figure stands at $59 billion. To date, “real money” continues to flow into the sector, and on Aug. 29, gaming startup Limit Break raised $200 million. The project gained popularity after the successful launch of its DigiDaigaku free-mint NFT collection.

According to a report by Dove Metrics and Messari, the crypto industry saw $30.3 billion in funds raised in H1 2022. This amount surpassed the $30.2 billion seen in 2021. Excluding the $10.2 billion in funding raised for the centralized finance sector leaves a whopping $20 billion that was invested in DApps, nonfungible tokens (NFTs) and Web 3 infrastructure.

UFO Gaming (UFO) top markets by volume. Source: Coinmarketcap
Orchid Protocol (OXT) top markets by volume. Source: Coinmarketcap

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