In the past year, Web3 game developers have received over $160 million from investors
The analytical platform Helika conducted a study focused on the Web3 gaming market. Among other things, it discussed the state of investments from February 2023 to February 2024.
Mocaverse Web3 project by the studio of the same name
According to Helika’s estimates, investors poured approximately $162.3 million into companies specializing in Web3 games over the year. This represents a slight decrease compared to the previous year.
Throughout the year, gaming Web3 companies reported 25 funding rounds. The largest round went to CCP Games. In March 2023, the studio raised $40 million to develop a blockchain game set in the EVE Online universe. The second-largest round of investments was secured by Mythical Games, which raised $37 million in June 2023. Rounding out the top three is the studio Mocaverse, with $20 million secured in September 2023.
The most active investors were Animoca Brands, Pantera Capital, Shima Capital, and IOSG Ventures.
