Having entered the ultimate quarter of 2024, it’s time to take the heartbeat of blockchain gaming investments throughout Q3 2024.
As usually has been the case throughout 2024, the variety of investments by way of publicly introduced funding offers and token/NFT gross sales and many others stays regular, up 34% in comparison with 2023 YTD.
The development is down, nonetheless, with 36 offers in Q3 in comparison with 71 offers in Q2.
However the true meat of the problem is the worth of this exercise. When it comes to the numbers tracked, 2024 breaks down as follows:
- Q1 — $324 million
- Q2 — $296 million
- Q3 — $128 million
In whole, that’s $748 million to-date, down 31% in comparison with the equal interval in 2023.
Pulling again the lens additional, the comparability with earlier years is extra stark.
As for the offers themselves, essentially the most sizeable one was web3 infrastructure startup NPC Labs saying $18 million in seed funding for gaming L3 blockchain B3. This spherical was led by Pantera.
Gameplay Galaxy additionally secured $11 million as a part of its seed funding spherical, taking whole funding raised for its mobile-based web3 sports activities recreation Trial Xtreme Freedom to $24 million. Double Bounce Tokyo additionally closed a deal simply on the $10 million mark, saying it’s collection D funding led by Japanese strategic SBI Funding.
At this price, 2024 can be doing nicely to interrupt the $1 billion mark in whole funding, in comparison with $1.5 billion in 2023 and a peak of $5.3 billion in 2022.
Nonetheless, not all hope is misplaced as This fall has gotten off to a very good begin with Azra Video games’ latest announcement that it had raised $42.7 million in its Collection A, which is the biggest single funding of 2024, beating out the $35 million strategic spherical introduced by Parallel Studios in March.
