The blockchain gaming industry has seen a remarkable surge in investment, with a total of $50 million secured in August, a significant 117% increase compared to July. This surge in funding highlights growing confidence in the sector. In addition, it is expected to strengthen the industry’s infrastructure, particularly with a focus on gaming studios. These figures have appeared in a latest games report by DappRadar.
Investors Eye Blockchain Games with Lasting Value, Not Quick Profits
In September, as stated by DappRadar, more substantial investments are driving growth, including Gameplay Galaxy, which received $11 million, and Double Jump Tokyo, $10 million. These investments will go further to increase the range of blockchain games, enhancing the general gaming experience. As a result, it will make blockchain gaming the next big thing in the gaming industry.
Ilman Shazhaev, the CEO and Founder of Farcana, spoke about the trend, stating that the large capital increase observed in Q2 2024 is only the start. He stressed that now investors are focused on the games that can bring a long-term benefit, where the blockchain integration complements the game rather than being a main feature. According to Shazhaev, this means that the focus in the GameFi sector is gradually shifting from this type of profit and toward the development of a healthy and diverse ecosystem for both players and developers.
Shazhaev also pointed out that those developers who do not follow this direction will be left behind. This shift will only increase as the market becomes more blockchain and Web3 focused. This means that those who are investing in blockchain and Web3 are in a better place for the future.
$50M Investment Surge Signals Bright Future for Blockchain Gaming
This is a clear indication that blockchain gaming is growing and transitioning from investing a lot of cash in theory to focusing on long-term sustainable growth and development. The next stages of growth will probably witness more games using blockchain technology in a way that is not intrusive but adds value to both developers and players.
Lastly, the latest $50 million investment boost for blockchain gaming is an indication of the sector’s evolution as well as the desire of investors to invest in games that have long-term value. This means that the developers who embrace the changes that are happening in the industry are likely to benefit from the market.
Source: https://blockchainreporter.net/blockchain-gaming-investments-soar-to-50m-marking-a-remarkable-117-growth/