DappRadar and Blockchain Game Alliance recap the first quarter for the most popular GameFi and Play-to-Earn apps.
On Wednesday, market tracker DappRadar and the Blockchain Game Alliance, or BGA, released their Q1 2022 blockchain gaming report. It reports that $720 million was invested in blockchain games and infrastructure in February, with a total investment figure of $2.5 billion in the first quarter. Venture capitalists and other investors raised $4 billion in 2021.
The biggest deals listed in the report include Animoca Brands, which raised $360 million, bringing its valuation to $5 billion and becoming Web3's leading brand. Sequoia Capital led a $450 million investment in Polygon (MATIC), while Yuga Labs, the studio behind the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), received a $450 million investment to lead with Animoca Brands, with The Sandbox, FTX and Coinbase. to launch their Otherside metaverse with games that need to earn money (P2E).
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