Web3 and Metaverse projects raised $748 million in August

Companies like Temasek, Xterio, and others allocated around $750 million in the field blockchain gaming and Metaverse start-ups since the beginning of August.
According to a report by the data acquisition and analysis company DappRadar, Web3-based games and Metaverse projects raised $748 million since August 1, 2022. Last month, on average, 847,000 daily Unique Active Wallets (UAW) interacted with blockchain games, an 11% decline compared to July.
One of the most popular games in the field – Axie Infinity – surpassed $4 billion in all-time NFT sales, while approximately 36,000 additional people joined as daily players in the past three months.

‘Blockchain Gaming has not yet Lost its Mystery"
Despite the ongoing market downturn, blockchain-based games keep attracting interest. DappRadar revealed that companies in that field and Metaverse projects had distributed around $750 million since the beginning of August. That is a 135% increase compared to July but still a 16% decrease from June’s figures.
One of the biggest investments ($200 million) came from Gabriel Leydon – Founder of Machine Zone. His mobile gaming studio is behind Game of War and Mobile Strike.
The Singaporean investment company – Temasek – led the latest funding round worth $100 million for Animoca Brands with the purpose to further increasing its exposure in the sector.

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