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Experts reported on the support of blockchain games
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Experts reported on the support of blockchain games

Nov 10, 2022

According to the information, provided by CoinMarketCap specialists, the financing of blockchain games has changed dramatically. YoY's growth figures turned negative in the third quarter. 

Compared to the data of the previous year, the total number of transactions increased by 2.6 times in 2022. But the total price of the average transaction - 875 million, compared to last year, this is 19% less (1.1 billion dollars). In the second quarter, growth rates were higher, compared to the third, because the correction of the entire cryptocurrency market continues.  

During the 3rd quarter of 2022, ≈ 69% of the total number of transactions, and ≈ 36% of their price, were concentrated in seed round investments.

The largest funding rounds were from $200 million in Limit Break and Animoca Brands, which raised $110 million in funding. 

We believe that the GameFi market will continue to evolve and the next stage of evolution awaits. Data from the 2nd quarter of 2022 allows you to look at this industry with optimism.Experts of CoinMarketCap

An improvement in the situation in the cryptocurrency market is likely to contribute to the growth of this sector in a bullish mood.

Earlier, the news was published that the GameFi blockchain Oasys is expanding its presence in the market, you can read it here.

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