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DappRadar: Web3 gaming projects received $600 million in funding in the third quarter

According to a report by cryptocurrency data company DappRadar, Web3 gaming projects raised $600 million in funding in the third quarter of 2023, bringing the total investment for the year to $2.3 billion. Although 2023 is not yet over, this $2.3 billion in funding so far is only equivalent to 30% of the total funds raised last year. DappRadar found that most of the cryptocurrency gaming funding in the last quarter went to game-centric investment companies. This indicates that venture capital firms and their various accelerators and funds will continue to be the main source of startup funding for emerging blockchain gaming studios.

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