Blockchain game investments fall by 48% in Q3 2022, raising $1.3B

Although the numbers saw a decline compared to Q2, month-over-month UAWs for September increased by 8%.
Several game characters next to Blockchain Games Report title and DappRadar and Blockchain Game Alliance logos

New data has revealed a decline of 48% for blockchain games and metaverse project investments when comparing Q2 to Q3 2022. The information came from DappRadar’s Q3 Blockchain Games Report.

Related: Bandai Namco invests in blockchain game maker Gangbusters

According to the report, investments fell from $3.1 billion in Q2 to $1.3 billion in Q3 2022. However, DappRadar states that despite the “harsh market conditions,” 912,000 daily UAWs were tracked on 50 networks. These numbers indicate an 8% growth in UAWs in September in month-over-month comparison.

Although the UAW numbers saw an increase, the amount of investments in September was the lowest of 2022, with $156 million. Games were determined to cover almost half (48%) of the blockchain ecosystem’s activity.

This data doesn’t necessarily drive the conclusion that things are going awry. Even though the investments are down, DappRadar shares that funding seen in 2022 ($7 billion) has almost doubled 2021’s total investment amount ($4 billion), and the year isn’t even over yet.

Experts state that the summertime is always a slowdown period for investments, as July and September of 2022 saw the lowest amount of funding announcements. May, however, led this year with over $1 billion.

The report contains extensive insight into the blockchain ecosystem, including a complete overview, in-depth analysis of Web3 gaming platforms, and answers to various vital questions about the blockchain game industry. You can find the report here.

NEXT: Elyzio raises $2M in pre-seed round to build blockchain games

Stay informed in 5 minutes

7K+ game industry stakeholders are getting our newsletter every week.

    We won't send you spam. Unsubscribe at any time.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Related Posts