Venture capital investments in blockchain games and metaverses in Q3 this year were down slightly from Q2, but nearly double that of Q3 2021.
In Q3 2022, venture capital investments in blockchain games and metaverses totaled $1.3 billion, a 48% drop from the previous quarter, but nearly double that of the same period last year. This data is found in a report by analysts from DappRadar.
According to the report’s authors, the current situation indicates that venture capital investors’ main value is long-term prospects for the sector.
Additionally, data on user activity demonstrates a growing interest in blockchain games. For example, the number of unique active wallets (UAW) participating in blockchain games exceeded 912,000 in September, an 8% increase from the previous month.
Here are the most popular blockchain networks by unique active addresses that were involved in blockchain games in Q3:
- Wax — 338,000 UAW;
- Hive — 160,000 UAW;
- BNB Smart Chain — 114,000 UAW;
- Matic — 65,000 UAW;
- Solana — 44,000 UAW;
- EOS — 41,000 UAW.
Meanwhile, global adoption of blockchain games remains at a low level. This is evidenced by a recent study, which found that over half of gamers have never even heard of blockchain games.
