The crypto space is getting bigger and bigger despite the massive market volatility, and things continue to go great. Check out the latest reports about Web3 and the metaverse.
Massive investments in web3 and metaverse
There’s a new Dappradar report that says investments in the blockchain gaming and metaverse projects are going strong. The big investors are dropping a lot of cash into the crypto subsectors.
According to the data acquisition and analysis firm, Web3 gaming and metaverse projects have collected about $748 million in investments since August despite the general downturn in the crypto space.
According to the reports revealed by the online publication the Daily Hodl, among the big investments, last month is the $200 million raised by mobile gaming icon Gabriel Leydon for Limit Break.
This is a firm focused on blockchain-based games. Temasek which is a global investment firm owned by Singapore, invested $100 million into Animoca Brands – this is a venture capital firm and Web3 gaming publisher.
According to the same report, we learn the following data:
“the total amount invested in blockchain gaming for the year is forecasted to come in at $10.2 billion. Last year, it was $4 billion.”
DappRadar stated the following:
“The amount of investments demonstrates that despite the challenging and uncertain conditions in the digital asset markets, major investment entities remain bullish on the GameFi industry.”
DappRadar concluded the following:
“While there are still several areas for improvement, the sector is constantly developing and inventing. GameFi’s future looks bright, and is on the route to becoming the lead towards Web3.”
Crypto and NFT interest rise
Despite the massive crypto price volatility, the mass adoption of digital assets, and their underlying tech, the blockchain continues.
According to Pascal Gauthier, CEO at Ledger, in spite of the bear market there is a lot to be optimistic about in the crypto and Web 3 space, according to the latest reports coming from Cointelegraph. Check out more juicy details about the matter in our previous article.
