Leading institutions back Asia Blockchain Gaming Alliance (ABGA) in the gaming and blockchain community. We are optimistic about the developments in blockchain games, NFTs, and the Metaverse, and we are taking the initiative to support ABGA-related activities and investments.

On May 13th, Line announced its plans to release five ‘gamer first’ NFT games in 2023. As we can see, more developers and more gamesare appearing, showing that web3 games are struggling to expand beyond speculation. However, transaction volumes have declined and user numbers initially fell, indicating that sustainable games that focus on fun, strong communities, and mass appeal remain scarce.

Leading institutions back Asia Blockchain Gaming Alliance (ABGA) in the gaming and blockchain community. We are optimistic about the developments in blockchain games, NFTs, and the Metaverse, and we are taking the initiative to support ABGA-related activities and investments.

The crypto market sustained its early Spring revival in April, with the price of BTC reaching an 11-month high. The GameFi industry has also seen signs of life again, with an uptick in metrics like funding rounds and active users — but without any truly exciting swings.

To better promote internal communication among members and to achieve efficient resource matching, ABGA has provided a monthly member newsletter for Diamond and Platinum members to update their latest developments. Help people understand the latest industry trends and expand business cooperation opportunities.

March was a relatively sleepy month for the GameFi industry, with no huge announcements, breakthrough titles or death spirals.

Leading institutions back Asia Blockchain Gaming Alliance (ABGA) in the gaming and blockchain community. We are optimistic about the developments in blockchain games, NFTs, and the Metaverse, and we are taking the initiative to support ABGA-related activities and investments.

After a challenging year, the crypto market finally saw a turning point at the end of 2022. With the overall market cap recovering and the market trend improving, the crypto gaming industry also rebounded in January.