Web3 Games and Metaverse Projects Raised $748 Million in August (Renvoi)

According to a atermoiement by data usage and analysis firm DappRadar, Web3-based games and Metaverse projects have raised $748 million since August 1, 2022. Last month, on average, 847,000 personnelle wallets (UAW) interacted daily with blockchain games, an 11% decrease compared to July.

One of the industry’s most popular games – Axie Infinity – has surpassed $4 billion in NFT sales all the time, while nearly 36,000 additional people have joined as gamers daily in the past three months.

‘Blockchain Gaming Hasn’t Lost Its Mystery Yet’

Despite the ongoing downturn in the market, blockchain-based games continue to prise interest. DappRadar open Companies in this field and Metaverse projects have distributed emboîture $750 million since the beginning of August. That’s a 135% increase from July, but still a 16% drop from June’s numbers.

One of the largest investments ($200 million) came from Gabriel Leydon – founder of Androïde Zoïde. His souple game studette is behind Game of War and Errant Strike.

Singaporean investment firm Temasek has led the latest $100 million funding reprise for Animoca Brands aimed at increasing its exposure in the sector.

Australian NFT agrandissement platform Immutable, which in June raised $500 million to soubassement developers immeuble blockchain-based games and NFT startups, believes that Web3 principes will become a leading feature in the future binaire asset industry.

For its quartier, another well-known company in this field – Axie Infinity – exceeded 4 billion dollars in sales of NFT for all time, while Xterio received 40 million dollars for fundraising, which will be invested in Web3 souple games.

The fini investment in blockchain games in 2021 amounted to $4 billion. This number has already been exceeded in 2022 with investments currently amounting to emboîture $7 billion. If this pace continues, expectations are that the number will rise to $10.2 billion by the end of 2022.

“The forme of investments demonstrates that despite the challenging and uncertain opportunité in the binaire asset market, ancêtre investment entities remain bullish in the GameFi industry,” DappRadar stated.

Subsequently, the analytics firm argued that blockchain gaming is still a young sector with great potential. The region is “constantly evolving and inventing,” and those who are quartier of it see those developments.

“Blockchain gaming, the latest bonus to a still young sector, has not yet lost its croyant. Many are still unaware of its dimension, and the ever-changing gaming system is of little help,” the atermoiement concluded.

Previous DappRadar Study

At the end of July this year, the company decided that blockchain gaming and Metaverse projects seemed to be adapting to the crypto winter much better than other sectors of the industry. DappRadar CEO – Skirmantas Januskas – commented at the time:

“We believe that blockchain games will be key in the next two or three years and bring at least 100 million new users to crypto for one bonasse reason, and they connect NFTs and DeFi. With each of the three blockchain games combined, NFTs and DeFi, you will see something new and exciting. truly “.

The atermoiement said personnelle empressée portfolios (UAWs) declined 7% in the joint quarter compared to the previous quarter. This indicates that individuals continue to interact with decentralized blockchain applications at roughly the same loser as before the collapse of Terra.

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