Blockchain-based Games Raised $2.5 Billion in Q1 2022: DappRadar Report
A recent DappRadar study estimated that blockchain-based games raised $2.5 billion in Q1, 2022 from investors. If this pace maintains, the total investments by the end of the year will be 150% higher than in 2021. Additionally, in March, blockchain games attracted 1.22 million Unique Active Wallets (UAW) and accounted for 52% of the industry’s activity.
According to DappRadar’s report, shared with CryptoPotato, high-profile investors poured hundreds of millions of dollars into blockchain games and non-fungible token projects during the first quarter of 2022. For one, Yuga Labs – the studio behind the NFT collection Bored Ape Yacht Club (BAYC) – secured a $450 million fundraise led by Andreessen Horowitz.The $200 million investment led by Temasek in Immutable-X (IMX) is also worth mentioning.
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@Metaverse_Web3_GameFi
