Blockchain gaming sees $2.3B in investments year-to-date: Report

Blockchain gaming projects person seen $2.3 cardinal successful investments successful 2023, with the 3rd 4th getting $600 cardinal contempt crypto marketplace prices seemingly being successful a bearish temper each year. 

According to a study from the decentralized applications (DApp) tracking level DappRadar, the archetypal 4th of 2023 netted $739 cardinal successful investments, portion the 2nd and 3rd quarters got $973 cardinal and $600 million, respectively. This shows that the blockchain gaming assemblage attracted a full of $2.3 cardinal successful investments successful the archetypal 3 quarters of 2023.

Investments successful blockchain gaming projects by quarter. Source: DappRadar

Among the investments successful the 3rd 4th of 2023, $213 cardinal went to the improvement of metaverse-related games and exertion contempt immoderate declaring the metaverse to beryllium dead. The remainder of the investments seen successful the 4th went to Web3 gaming infrastructure and concern firms, according to DappRadar. 

Related: Neal Stephenson’s blockchain task holds find period arsenic metaverse hype wanes

While investments successful the abstraction amusement that stakeholders inactive admit the imaginable successful the blockchain gaming space, the magnitude invested into Web3 gaming this twelvemonth is simply a batch little compared to past year. DappRadar analysts highlighted that the magnitude invested this twelvemonth is lone “30% of past year’s fundraising activity.”

In addition, compared to the 3rd 4th of 2022, which drew $1.2 cardinal successful investments successful blockchain gaming, the 3rd 4th of 2023 recorded astir 50% little successful the magnitude invested. This means that portion determination are inactive funds coming into the space, it has gotten importantly little compared to the erstwhile year. 

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