Blockchain games and metaverse projects have raised $1.3bn in venture capital in Q3 2022.
Web 3.0 and metaverse products have reportedly accounted for more than 36% of the quarterly investments, according to DappRadar’s most current BGA Games Report.
Although the figures are down from this year’s second quarter, the amount overall nearly doubles the total raised in 2021, according to DappRadar.
Despite the current bear market, when looking specifically at blockchain gaming, the report showed that underlying industry activity was growing.
An increase in the number of unique wallet activities found to play blockchain games increased by 8% month on month in September.
Web 3.0 games account for more than half of all blockchain activity across 50 networks tracked by DappRadar and “continue to be a driving force for the dapp industry”.
Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.