GameFi

VCs Invested $1.2 Billion In This Industry Alone This Year, It Outlives NFTs And DeFi

VCs – In the first half of 2022, the DeFi and NFT industries both suffered tremendous losses in terms of capitalization and trading volume.

VCs Invested $1.2 Billion In This Industry Alone This Year, It Outlives NFTs And DeFi

But whereas the cryptocurrency sector was enthralled by monkey photos and 20 percent annual percentage yields, the GameFi sector was jubilant as the value of digital assets rose and collapsed.

Venture capitalists (VCs) made more than $1.2 billion in industrial investments in Q1 of this year

VCs Invested $1.2 Billion In This Industry Alone This Year, It Outlives NFTs And DeFi

Despite the collapse of the bitcoin industry, institutional investors provided investment to 128 startups in total.

No crypto investment subsegment saw such a significant inflow during the bearmarket as GameFi did, as suggested by Messari. Its character as distinct from the cryptocurrency market—where it is unrelated to the success of assets like Ethereum or Bitcoin—could be the primary factor.

The target market for the GameFi sector may not be the same as those that utilize NFTs or even decentralized finance applications. Gamers that use mobile devices and web browsers make up the majority of GameFi users.

Axie Infinity, which was recently compromised for $625 million due to the Ronin Network vulnerability, is one of the most notable representations of the sector known to most crypto traders and investors.

In order to maintain its reputation in the market, the company successfully began a recovery of user cash and restored a substantial portion of the stolen monies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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