We’ve been saying this, and we’ll say that again. The GameFi industry is growing, no matter the crypto trends; as they say, “Gamers gonna game”, no matter what.
Today, games are shifting their models to play-to-earn. This way, players can make money from their gaming skills. However, the number of unique active wallets iterating with blockchain games has also decreased due to bad economic conditions worldwide.
Surprisingly, the bear market cycle has still shown some promising stats for blockchain gaming. According to the stats shared by Footprint Analysis, a crypto price-tracking platform, 2022 is the year for blockchain gaming and the games industry.
Lately, Venture Capital firms have been investing some good money into GameFi. In 2021, the metaverse and blockchain gaming projects saw investments totaling $874 million. In 2022, the number has increased to $2.4 billion.
To reflect the whopping number of $2.4 billion in investments, let’s look at some of the big ones:
Epic Games Received $2B From Sony Group Corporation and KIRKBI
In April 2022, Epic Games (developer of Fornite) received a $2 billion investment from the investment company behind The Lego Group, KIRKBI, and Sony Group Corporation.
Animoca Brands Received $359M To Build An Open Metaverse
Back in January 2022, the parent company behind The Sandbox, Animoca Brands, raised around $359 million in investment to build out the open metaverse. Since then, Animoca Brands has invested in over 52 GameFi projects.
Animoca Brands Received $100M From Singapore-Based Temasek
In August 2022, Animoca Brands successfully secured another $100 from a Singapore-based venture capital firm, Temasek, to fund their vision of building an open metaverse.
Temasek Led $200M Round For Immutable
Back in March, the Singapore-based VC firm led a series C round for Immutable.
Top Blockchains and Games
Currently, blockchain developers prefer using Ethereum side-chains and Ethereum-compatible blockchain networks instead of the Ethereum mainnet. As of July, the largest blockchains in terms of active users are WAX, Hive, Polygon, Binance Smart Chain, and Solana.
When it comes to top blockchain games, the first in line is Alien Worlds, built on WAX after that comes Splinterlands, that’s built on Hive. Both these games are currently the most played games in the blockchain gaming industry, with over 200,000 active users at any given time.
WAX’s 55% of market share comes from Alien Words, while Splinterlands provided 99.85% of the total market share to the Hive blockchain.