In response to new knowledge launched in DappRadar’s ‘Q3 Blockchain Video games Report’, there’s been a steep decline of 48% in investments for blockchain video games.
To place a quantity to this, it accounts for a drop from $3.1 billion in Q2 to simply $1.3 billion in Q3 this yr. Dappradar provides that, regardless of harsh market situations, there was an 8% development in UAWs in September, indicating that, whereas the funding liquidity has thinned, curiosity in Metaverse and blockchain initiatives has elevated.
September’s UAWs had been the very best on report; the quantity of funding mirrored a broader decline of investor curiosity, with video games making up almost half of all undertaking investments.
Nonetheless, the conclusion shouldn’t be drawn that the vertical is in decline. Slowdowns are sure to occur in any market, however when it’s taken into consideration blockchain’s broader upward trajectory over the previous few years, its extra a decline in upward momentum than a decline total.
You’ll find the total report right here should you’re inquisitive about studying extra.