Web3 Games and Project Metaverse Raised $748 Million in August

According to data analytics and analytics firm DappRadar, Web3 Games and Project Metaverse have raised $748 million since August 1, 2022. An average of 847,000 Unique Active Wallets (UAW) per day interacting with blockchain games, but down 11. % compared to July

One of the most popular games in the sector is Axie Infinity, which grossed over $4 billion in total sales. since its launch There were approximately 36,000 daily players in the past 3 months.

Fundraising in Blockchain Gaming

Despite the market slump, blockchain-based games are still gaining attention, according to DappRadar, revealing that the Web3-based company and Metaverse project raised about $750 million since the beginning of August, a 135% increase compared to July. would be down 16% compared to June.

One of the largest investments of $200 million came from Gabriel Leydon, founder of Machine Zone, the mobile game studio that created Game of War and Mobile Strike.

Singapore investment firm Temasek is leading the latest $100 million funding round for Animoca Brands, aimed at increasing acceptance in the sector.

Australian NFT platform Immutable raised $500 million in June to support developers building blockchain and NFT-based games, he believes Web3 services will become a leading feature in the digital asset industry in the future.

Another popular company in the sector is Axie Infinity, which has exceeded $4 billion in NFT sales, while Xterio has raised $40 million in funding that will be used to develop Web3 games on it. mobile

Total investment in blockchain games in 2021 is $4 billion. This number is already outpaced in 2022, with investment currently estimated at $7 billion, this number is expected to rise to $10.2 billion by the end of 2022.

“The amount of investment shows that despite the challenges and uncertainties in the digital asset market, But the big investment firms still believe in the GameFi industry.”

The analytics company added that Blockchain gaming is still a new industry with great potential. by this sector “There is a constant stream of new developments and inventions,” and those who are part of the area will see those advances well.

Results of previous studies of DappRadar.

At the end of July this year The company has considered that Blockchain games and the Metaverse project seem to cope with the crypto winter better than any other industry group, DappRadar CEO Skirmantas Januskas commented at the time:

“We think blockchain games will be key in the next two or three years. And it will bring at least 100 million new users to crypto for one simple reason: they connect NFT and DeFi with blockchain games. In the future you will see something truly new and exciting.”

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