The blockchain industry is shifting towards gaming investment, which has led to a huge increase in projects, funding, and participants in this sector.
Footprint Analytics reports that the total number GameFi projects increased by 99% YoY to 1,498 in May. The first half of the year saw $3.7 billion in investment, exceeding the $780 million required for 2021.
This article will evaluate which games are gaining attention and which ones are not in the first half 2022.
Overview of GameFi Project Financing for the First Half of the year
With a total investment of $22.5 million, the GameFi sector has steadily increased its share in the blockchain sector. With a total investment totaling $3.7 billion, 16.4% of total investment went to the GameFi sector.
Footprint Analytics – Funding Monthly Investment Trend
Footprint Analytics – Gaming Financing Distribution
Financing GameFi Project Analysis
The Sandbox and Phantom Galaxies
In January, the metaverse game developer Animoca Brands, in terms of total investments rankings, announced that a $359 million round of funding was completed by Liberty City Ventures. The positive phase for metaverse-related games projects is now.
Footprint Analytics – Monthly Ranking for GameFi Project Funding in 2020
All Animoca Brands’ games projects include the Sandbox, Phantom Galaxies and REVV Motorsport.
The Sandbox, Animoca Brands flagship game is a sandbox-based game that creates a metaverse. After the launch of the beta game, the explosive user growth began at the end of last. The delay in opening the public beta version of the game to the public has resulted in a decline in its market value and user base. To be stable, the game ecosystem requires constant user participation.
Footprint Analytics – The Sandbox Market Cap
Phantom Galaxies, a AAA AAA game, will launch its beta in Q3. The game will feature a fast-paced online space sim, with mech shooters and an engaging story. You can modify the mechs and ship of the game to complete missions, solve puzzles, or gather resources for crafting.
Last year’s end was a period when metaverse projects were at the peak of their potential, and this sector had the greatest potential. The slow launch of Phantom Galaxies, however, will gradually lose its attention, as The Sandbox, a metaverse project, did not proceed as planned.
Civitas
While some GameFi games are no longer in the limelight, others have become increasingly popular.
Footprint Analytics – Monthly Ranking for GameFi Project Funding in 2020
Civitas announced that it had closed a $20m round of funding in April. It was led by Delphi Digital, Three Arrows Capital and Sfermion. Participation from Framework Ventures and BITKRAFT, DeFiance Capital and Merit Circle were also included.
Civitas is a game that encourages community building. Players can either work alone or together to improve their cities through battles. It is based on a subDAO system where cities are managed by the community. This allows guilds to develop as members vote and work together.
Screenshot Source – Civitas
It is still in its early stages and the gameplay is very new.
Through their cell phones, players have the ability to access the universe of augmented realities. They can also play mini-games or find rare resources for crafting. Real-world geolocation technology will allow players to find assets and engage with activities throughout the real world. Access to all city tower features, markets and world maps views will be available for users.
Before going live in beta, the game received funding from Three Arrows Capital and Delphi Digital. Early entrants will have to investigate their development path.
STEPN
In January, STEPN closed a $5 Million seed round. It was led by Sequoia India. It is also one of the most promising GameFi projects in its stage. It provides financial rewards as well as social rewards to encourage millions of users to use its Move to Earn approach.
Footprint Analytics data shows a steady rise in $GMT transfers to active addresses and new addresses.
Footprint Analytics – GMT Transfer address in BSC
Summary
GameFi projects need capital financing from well-respected VCs to drive development in the bear markets, making it possible for team expansion and user acquisition.
Footprint Analytics contributed this piece.
The Footprint Community is where crypto and data enthusiasts from all over the world can come together to share their knowledge and insights on Web3, DeFi, GameFi and other areas of the emerging blockchain technology. You’ll find diverse voices that support each other and drive the community forward.
Date and Author: Vincy, May 2022
Data Source: Footprint Analytics, 2022 Funding Potential GameFi Projects
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CryptoSlate analysis of 2022 GameFi’s financing.
