Crypto Gaming is still hot, was and will be!
It not only shows in a variety of researches and data, but every day I am talking to game developers that are working on new games. Sure, some will fail, but that has been the case all along in gaming all-over.
What is proof for me, is the current growth I am seeing with my own startup W3 Play. Since we have launched blockchaingames.com, findplaytoearngames.com (both are testphase) and PlayToEarnGames.com, our number of unique visitors have been staggering. Every day we see more people reading up on crypto games. Content is king!
And we are still working on 50+ other domains for localization and niche offerings, and is our V2 is development where we give the power to the gaming community. Everything focused to talk, play and share stuff around Crypto Games. Community is emperor!
And so today’s article is about investments in Crypto Gaming.
Despite the severe crypto winter, there is still a sub-sector niche that is braving the storm all alone. Crypto downturn has had a severe impact on the general interest levels in the crypto world and digital ownership domain.
However, according to a recent report by Delphi Digital, one of the niches is unfazed and investors and venture capitalists continue to pour in money. It still remains the beacon of attention and has stood strong, the niche is crypto gaming.
According to the report, the interests of investors and venture capitalists haven’t faded but continue to grow despite the massive decrease in total worth.
The upward trend started in Q1 of 2021 and continued to grow till Q1 of 2022. A slight decrease is evident in Q2 of 2022, but it is fractional and still more than Q3 of 2021 in terms of deals value.
Moreover, the number of deals is at an all-time high reaching more than $1.6 billion in Q2 of 2022. Furthermore, the data shows the amount of investment the gaming sector enjoys.
According to the data, in 2021, a whopping $3 billion worth of investment was received from the private market. However, a slight decrease in the first of 2022 takes it to $2.9 billion with $1.7 billion and $1.2 billion in Q1 and Q2 respectively. But the significant point here is that it accounts for 56% and 59% of the total investments in the gaming industry.
Besides the rising investments, Dapp Radar suggests that the gaming sector is and will remain an essential part and support for blockchain technology.
The gaming sector uses 50.51% of blockchain usage month over month. Moreover, the blockchain games account for 47,230 new unique active wallets every day along with $698 million worth of transactions.
Although the reports are promising, the decrease is also evident in the reports. The gaming sector suffers a decline of 6% in August when compared to July. But still, the figures are phenomenal in the age of crypto winter and represent a solid value for the industry.