Has the blockchain gaming trend really come to an end? Or is this just an inevitable correction after an explosive growth? Read on to find out.
The over 1.3 million active wallets linked with blockchain games, despite the red market, clearly demonstrate that play-to-earn games are still gathering interest. Showing that users appreciate the utility they are bringing to the blockchain.
As well as the positive performance metrics in the gaming sector seen since the beginning of 2022, venture capital funds have invested over $4B in gaming startups. Of particular note is the industry leader, a16z, launching its new Games Fund ONE of $600M.
It is also worth noting that DAOs and guilds are actively investing in blockchain games.
There is no doubt that the bear market has had a strong impact on public sales. We can see that the amount of IDOs and IEOs taking place has sharply decreased. However, it is interesting to note that for several projects ATH and ROI has remained at respectable levels.
Play-to-Earn games remain the strongest performers in the current declining market.
Take a look at some of the forthcoming projects from the portfolios of major VCs on CryptoRank.io
Follow the links for more insights: https://cryptorank.io/funds