Venture capital investments for blockchain games and metaverse still going strong despite tough business environment

Venture capital investment for the blockchain industry still going strong despite the onset of digital asset winter.
Blockchain games and metaverse projects raised a combined $1.3 billion from venture capital firms between July and September, according to DappRader’s latest report, a signal that venture capital firms are still bullish on the sector as they focus on long term development rather than speculating short-term asset appreciation.
The $1.3 billion in venture capital investment was nearly double the total amount raised in the same period 2021, but it was 48% lower compared to the second quarter.
The report highlight that the startups focused on Web3 metaverse infrastructure accounted for more than 36% of entire quarterly investments.
DappRadar noted that blockchain games continued to be the driving force for the blockchain industry, the number of unique active wallets participating in blockchain games continued upward trend in September.
Blockchain are emerging as most popular sector for Asian Pacific big startups, with over a quarter of startups are blockchain related, according to a recent survey Big Four accountant KPMG and HSBC
Full story here