Experts from DappRadar stated that blockchain games are still the main engine of decentralized applications, and the number of new users is growing steadily.
The DappRadar platform released a report announcing that venture capital funding in relation to the blockchain industry remained stable in the third quarter of this year. Despite a protracted recession in the markets, venture capital firms still see the long-term value of the products that the industry offers and give them priority.
From July to September, blockchain game and metaverse projects raised a combined venture capital of $1.3 billion, according to the report. However, as analysts write, this is 48% less than in the second quarter. But, nevertheless, twice as much as was attracted in July-September 2021. Projects focused on the Metaverse and Web3 infrastructure reportedly accounted for more than 36% of quarterly investments.
Experts reported that activity in the blockchain games industry is growing steadily, and the number of unique wallets tied to such games increased by 8% from the previous month, to 912,000. Overall, Web3-based games continue to be the main driving force of the industry decentralized applications (DApps).
In contrast, blockchain game development company Coda Labs says that, despite huge investments in the industry, Web3 games are still far from being accepted by ordinary players.
Source: Bits
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