BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Sponsored
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Sponsored
Home Blockchain

GameFi projects receive $1.2 billion from VCs in Q1 2022

by Dalmas Ngetich
Jul 11, 2022 - 12:00 am
in Blockchain
GameFi projects receive $1.2 billion from VCs in Q1 2022

On the 10th of July, a crypto research and data firm unveiled some intriguing stats in the GameFi world. Messari revealed that Venture Capitalist Firms invested a sum of $1.2 billion in the GameFi ecosystem in the first quarter of the year.

VCs have been funding GameFi more than any other crypto investment subsegment.

A total of 128 companies received $1.2 billion in Q1 of this year alone. pic.twitter.com/0IaxGrTEID

— Messari (@MessariCrypto) July 10, 2022

In total, 128 different companies played a part in the investment spree. Some notable investments came from FTX, NGC Ventures, and Master Ventures.

Notably, the amount invested by the various firms differed. But the amount per VC averaged around $200 million. FTX had invested close to $2 billion in GameFi and DeFi this year. A few weeks ago, the CEO of Binance took a dig at FTX’s investment practices.

While Changpeng Zhao did not outrightly condemn the exchange, his comments about FTX pointed toward the company’s risk appetite and spending ethics. FTX is one of the largest institutions in the crypto ecosystem. The company is linked with Alameda Research which plays the role of a liquidity provider in the crypto space.

Makers Funds, CakeDeFi, and GameStop Also Invest

Aside from FTX, Makers Funds also splashed in a lot of cash in the GameFi and Media niche this year. The company invested half a billion in both sectors and will be hoping for some tangible returns in the coming years.

Smaller investments in the ecosystem came from CakeDeFi, GameStop, Mechanism Capital, and Qualcomm. Each invested $100 million at various times in the first quarter of the year.

The huge volumes of cash splashed in the GameFi ecosystem prove that blockchain gaming has a prospect. Blockchain gaming became very popular last year when the Axie Infinity game and token rose to stardom.

Following that, more GameFi projects were introduced into the ecosystem. Notably, Crabada, Cryptoblades, and Kryptomon have gained a good number of users within a short time. These gaming projects have solid fundamentals and are sustainable. With the rise of investors’ interest in gaming, GameFi fans may reap huge rewards in the future. 

Tags: AXSCryptoGameFi
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Developers at TON Foundation working on an update for the TON Virtual Machine

TON Foundation Unveils Major Update to TON Virtual Machine, Extending Cryptographic Capabilities

June 5, 2023

TON Foundation enhances its TON Virtual Machine (TVM) to empower developers with extended cryptographic capabilities and a wider...

Cybersecurity concept: a masked hacker infiltrating Atomic Wallet's secure blockchain system

Discrepancies Arise Over Impact of Atomic Wallet’s $35 Million Hack

June 5, 2023

Atomic Wallet claims the incident impacted less than 1% of its active monthly users. Since June 2, the...

Picture of prominent pro-XRP attorney, John Deaton.

Prominent Pro-XRP Attorney John Deaton’s Phone Hacked in Attempt to Promote LAW Token

June 4, 2023

Prominent pro-XRP attorney John Deaton becomes a target of a cyberattack, with hackers leveraging his online influence to...

Uniswap's CEO, Hayden Adams, discusses the ongoing scam, warns users about the fake website and impostor executives.

Uniswap Scam Alert: Fraudsters Impersonate Executives and Launch Fake Website

June 3, 2023

Uniswap has sounded a scam alert warning users of a sophisticated scam involving fraudsters impersonating executives and creating...

Press Releases

pulse x

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse x

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse x

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

pulse x

Hong Kong Web3 Festival 2023, Hong Kong’s Largest-Ever Premier Digital Asset Event, is here. A Platform for Worldwide Leaders to Discuss the Latest Web3 and Blockchain Trends

May 8, 2023

Join Hong Kong Web3 Festival 2023, the largest-ever digital asset event, co-hosted by Wanxiang Blockchain Labs and HashKey Group.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise