Web3 And Metaverse Projects Attracts Big Funding

Investment in blockchain gaming and metaverse projects is at an all time high. Major investors are making big money moves into the web3 sectors as new projects and events continue to come to light.

Projects such as Star Atlas and Otherside have created such buzz and massive communities attracting major investments from many firms and VCs. DappRadar has reported that investments in gaming and projects on the blockchain and in the metaverse is going incredibly strong with major investors throwing money at projects in the space.

According to the report on DappRadar web3 and the metaverse collected $748 million in investments once this past August despite the bear market and a general turndown in the crypto space.

Recently $200 million was raised by Gabriel Leyden who is a mobile gaming icon. The investment was for Limit Break which is a firm that is focused on games being built for the blockchain. Temasek, a global investment firm, also poured $100 million into Animoca Brands.

There is a total amount invested in the blockchain gaming and metaverse sphere that is forecasted to surpass $10.2 billion compared to the $4 billion invested last year.


Source DappRadar

DappRadar made the following statement:

“The amount of investments demonstrates that despite the challenging and uncertain conditions in the digital asset markets, major investment entities remain bullish on the GameFi industry.”

With all of these investments its best to note that GameFi is in its infancy and the sector is continually growing. 

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