April 23, 2024

DappRadar: The GameFi industry has raised $750 million since the beginning of August

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DappRadar: The GameFi industry has raised $750 million since the beginning of August

According to research firm DappRadar, the volume of investments in blockchain-based games in August increased by 135% compared to July and amounted to $750 million.

Analysts at DappRadar reported that the average daily number of unique active wallets (UAWs) of one of the leading protocols, Wax, decreased by 8% compared to the previous month.  At the same time, the main gaming activity – about 40% – still falls on thisThe second-largest gaming blockchain, Hive, on which the Splinterlands game is deployed, fixesto an average of 169,043 UAW per day, an increase of 12%The previous month's figure. 

One of the largest investments in GameFi – $200 million – came fromMachine Zone founder Gabriel Leydon.His mobile game studiois behind the development of Game of War and Mobile Strike.Australian platform Immutable raised $500 million in June to support developers creating blockchain-based games.NFT sales by Axie Infinity have surpassed $4 billion, and firm Xterio has raised $40 million to invest in Web3 mobile games.

Singapore-based investment firm Temasek has led a $110 million funding round for Animoca Brands.The firm intends to expand its presence in the blockchain-based gaming sector.