Blockchain Game Sees $2.3B Investments Every Year: Report
Blockchain gaming projects have seen investments of $2.3 billion by 2023, with the third quarter earning $600 million, even though crypto market prices seem to be in a bearish mood throughout the year.
According to a report by decentralized applications (DApp) tracking platform Dapradar, the first quarter of 2023 saw investments of $739 million, while the second and third quarters received $973 million and $600 million, respectively. This shows that the blockchain gaming sector has attracted a total of $2.3 billion in investments in the first three quarters of 2023.
In the year Among the investments made in the third quarter of 2023, $213 million went into the development of games and technologies related to the Metaverse, despite some declaring the Metaverse dead. According to DappRadar, the remaining investments seen in the quarter went to Web3 gaming infrastructure and investment companies.
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While investments in the space show that stakeholders still recognize the potential in the blockchain gaming space, the amount invested in Web3 games this year is much lower than in 2022. Dapradar analysts highlighted that the amount invested this year is only 30% of last year. fund raising activity”
The third quarter of 2022 saw $1.2 billion invested in the blockchain game, but the third quarter of 2023 recorded 50% less, indicating a significant drop in investment in the space.
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