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Web3 gaming awards occasion the GAM3 Awards, hosted by Polkastarter Gaming, announced 16 winners at a live event on December 15. 

According to an announcement shared with Cointelegraph, prize winners will share over $1 million in prizes sponsored by companies such as Immutable X, Blockchain Game Alliance, Machinations, Ultra, Naavik, Galxe, Hacken, Venly, HackenProof, Shorooq, Elixir, Arcade and MetaCon.

Video games had been judged primarily based on a variety of standards, comparable to core loop, graphics, accessibility, replayability issue, enjoyable components, and general taking part in expertise. Though the main focus was on playability, eligibility for awards largely trusted whether or not the nominated video games used blockchain know-how in some kind. 

A world jury made up of gaming, media and web3 retailers was accountable for choosing the nominees. 

Award winners included Massive Time, which gained each Sport of the 12 months and Greatest Journey Sport; Shrapnel, which was awarded the Most Anticipated Sport; Star Atlas, which gained the Greatest Graphics class, and Thetan Area, which was named the Greatest Cell Sport. The winners for different classes included Blankos Block Social gathering, Illuvium, Superior, MetalCore, Gods Unchained, EV.io, Brycent, League of Kingdoms and The Harvest.

Associated: Players are extra all for incomes Bitcoin than NFTs: Survey

Regardless of the sudden implosion of FTX and its cascading results on your entire web3 ecosystem, the blockchain gaming area of interest nonetheless seems to be thriving.

In keeping with analytics service DappRadar, “In October and November, gaming exercise accounted for nearly half of all blockchain exercise” tracked throughout 50 networks, “with 800,875 each day Distinctive Lively Wallets (UAW) interacting with video games’ good contracts in November.”

The report additionally revealed that blockchain video games raised over $320 million in November, indicating pleasure and potential development of the Web3 gaming business.