Blockchain Games Raised $2.5B in Q1 2022

According to the latest research from DappRadar, blockchain games raised $2.5 billion from investors in the first quarter of 2022. If this pace continues, then, according to experts, the total volume of cash injections by the end of the year will be 150% higher than in 2021. According to analysts, this figure could reach $10 billion. The specialists expressed confidence that, given the pace this year, last year’s investment of $4 billion will be significantly exceeded.

According to DappRadar, in the first quarter of 2022, large investors invested a huge amount of funds not only in games, but also in projects related to non-fungible tokens (NFTs). For example, Yuga Labs, which created the popular Bored Ape Yacht Club (BAYC) NFT collection, successfully completed a $450 million fundraiser led by Andreessen Horowitz (a16z).

Read also: The Sandbox Platform Raised $400 Million And Is Valued At $4 Billion

The report also highlighted a $200 million investment made by Temasek in Immutable-X (IMX). The latter network hosts the very popular games Gods Unchained and Guilds of Guardians.
Experts also assured that such blockchain projects as Splinterlands, Alien Worlds, and Crazy Defense Heroes in March attracted a lot of attention from gamers from all over the world. At the same time, experts said: the demand for metaverse projects has slightly decreased.

Virtual world trading volume also fell 12% from Q4 2021 to $430 million in Q1 2022. Digital lands have dropped significantly.

In addition, blockchain games attracted 1.22 million unique active users in March, which is 52% of the total number of gamers in the entire industry.

An Earlier edition reported that the Binance exchange led the $150 million Sky Mavis funding round raised to partially compensate the victims of the Ronin network exploit.

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