Report: Blockchain-game investment volume in Q1 2022 totalled $2.5 billion

In January–March 2022, investments in blockchain games totalled $2.5 billion (for 2021 — $4 billion). The figures come from a report by DappRadar and Blockchain Game Alliance.

🔵 DAPPRADAR PRO EXCLUSIVE 🔵

📜 Get early access to our Blockchain Games Report for Q1 of 2022.

🔷 Get DappRadar Pro: https://t.co/dv8WQxFq5r

➡️ Details: https://t.co/Z6YrwMVPMR

— DappRadar (@DappRadar) April 20, 2022

The largest deals were investment rounds for Animoca Brands ($359 million), Yuga Labs ($450 million) and Polygon ($450 million).

In March, blockchain-game smart contracts were interacted with by 1.22 million unique wallets, equivalent to 52% of all activity in the blockchain space. Year on year, the figure rose by 2000%. Leading position was held by the game Splinterlands.

Interest in the metaverses after the rebranding of Facebook hype subsided. In the quarter, trading turnover in this segment fell by 12%, to $430 million. The average price of virtual land in Decentraland and The Sandbox fell by 40%, and trading volumes by 20% and 60%, respectively.

Analysts recalled the hacker attack on the Ronin NFT-sidechain of Axie Infinity, with damages of $625 million. Two weeks before the incident, 20,000 unique active wallets interacted with the project, whereas in January — 55,000.

Analysts attributed this trend to a change in the issuance schedule of the SLP tokens. The Axie Infinity developers took this step to curb inflation and support the game’s economy. Overall, the daily NFT-game audience reached 1.5 million active users.

In Citi’s latest report, analysts forecast the metaverse economy to reach $13 trillion by 2030. forecast.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news, infographics and opinions