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How Much Money Did Blockchain Gaming And The Metaverse Bring In During Q3 2022?

On October 12th, DappRadar and BGA released their recent Blockchain Games Report for Q3 2022. Between July of this year and September, blockchain gaming and metaverse projects accumulated $1.3 billion in venture capital investments.

This represents a 48% decrease from the previous quarter. However, this number is almost double what was raised during the third quarter of last year.

The Web3 metaverse space experienced significant growth during the most recent quarter. In fact, quarterly investments in Web3 metaverse infrastructure companies increased by 36%.

“Despite the harsh market conditions, Web3 games continue to be a driving force for the dapp industry,” the report reads. “In Q3, gaming activity accounted for almost half of all blockchain activity tracked by DappRadar across 50 networks, with 912,000 daily Unique Active Wallets (UAW) interacting with games’ smart contracts in September.”

September ended up being the worst month of the year in terms of investing. Metaverse and blockchain gaming projects were only able to bring in $156 million during that month. However, as DappRadar puts it, September still “showed us that the industry never ceases to build.”

(All information was provided by Cointelegraph and DappRadar)

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