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Do you know how much investors have invested in crypto games in the first quarter of 2022?

Do you know how much investors have invested in crypto games in the first quarter of 2022?

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Answer Do you know how much investors have invested in crypto games in the first quarter of 2022?

A new report from DappRadar and the Blockchain Game Alliance (BGA) indicates that 2022 will be a reference year for crypto game developers.

The report reveals that $2.5 billion in investments was raised in the first quarter of this year 2022 alone, adding that developers may see this figure rise to $10 billion by the end of the year.

Compared to previous years, these numbers also indicate that the interest in crypto games from investors has risen significantly.

In 2021, for example, only $4 billion was raised over the entire year.

Blockchain gaming attracted 1.22 million unique active wallets last month and currently accounts for 52% of the activity of the blockchain industry.

Read:Cryptocurrency is officially legal in South Korea

According to the report, blockchain gaming activity has grown massively by 2000% compared to the first quarter of last year.

Growing interest in metaviruses:

There has been an increase in speculation about metaverses and its growth especially after Facebook rebranded to Meta in the fourth quarter of last year.

Trading volume in metaverse projects has since fallen 12% to $430 million in the first quarter of this year.

The average price of virtual lands in the two largest metaverse projects “Decentraland” and “Sandbox” decreased by 40% from Q4 2021 to Q1 2022, while trading volume on each of them decreased by 20% and 60%, respectively .

Despite the recent hack, Axie is still one of the best crypto games based on daily use, attracting more than 1.5 million daily active users.

As for recovering funds from the hack, Binance led a recent funding round of $150 million to compensate victims of the Ronin Bridge exploit and fix vulnerabilities.

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