Blockchain games and metaverse projects raised $1.3 billion in Q3

Blockchain games and metaverse projects raised a cumulative $1.3 billion in venture capital between July and September, according to DappRadar’s latest BGA Games Report. While this figure was down 48% compared to the second quarter, it was nearly double the total amount raised in 2021.

DappRadar said that projects focused on Web3 metaverse infrastructure accounted for over 36% of the quarterly investments as Web3 games continue to be a driving force for the dApp industry.