DappRadar: Blockchain Games Market Continues to Grow Despite Crypto Market Crash

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The field of blockchain games continues to actively attract investment even despite the cryptocurrency winter, found out in DappRadar

Blockchain games raised nearly $750 million in August alone. Blog about it reported DappRadar analytics. Over the past month, the sector has raised $748 million, up 135% from investment raised in July, but down 16% from June.

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This jump from July may be due to a large $200 million investment (27% of total investment) in the Limit Break gaming startup from Gabriel Leydon, founder of the mobile games studio Game of War and Mobile Strike.

Singaporean state investment fund Temasek also played a role in the indicator, which invested $ 100 million in the form of convertible bonds in Animoca Brands, a sponsor of Axie Infinity, The Sandbox, CryptoKitties and others.

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In total, over the past quarter, the blockchain games sector has attracted a little more than $1.1 billion. Since the beginning of 2022, the volume of investments has amounted to almost $7 billion.

DappRadar predicts that the gaming blockchain sector will grow to $10.2 billion this year in total. Analysts believe that the volume of investments demonstrates that, despite the difficult and uncertain conditions in the cryptocurrency market, investors remain optimistic about the gaming sector.

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Source: Cryptocurrency

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