{"id":7369,"date":"2021-08-07T22:15:25","date_gmt":"2021-08-07T21:15:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7369"},"modified":"2021-08-07T22:15:25","modified_gmt":"2021-08-07T21:15:25","slug":"blockchain-gaming-companies-raised-476-billion-in-the-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blockchain-gaming-companies-raised-476-billion-in-the-first-half-of-2021\/","title":{"rendered":"Blockchain gaming companies raised $476 billion in the first half of 2021"},"content":{"rendered":"\n
The investment capital raised represents for about 10% of the gaming <\/a>industry's total investment this year.<\/h5>\n\n\n\n
\"Blockchain<\/figure>\n\n\n\n

According to a report published on July 30 by gaming venture capital data aggregator InvestGame, twenty-four blockchain gaming startups\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> raised $476 million in the first half of this year.<\/p>\n\n\n\n

Blockchain gaming<\/a> businesses accounted for 5% of deals announced and finalised in the first half of this year, and 9% of the industry's $50.2 billion funded over the same period. Only three firms raised 75% of the $476 million.<\/p>\n\n\n\n

Forte, a blockchain infrastructure firm based in San Francisco, raised $185 million in a round led by Griffin Gaming Partners for its crypto gaming platform, while Animoca, the developer and publisher of The Sandbox, raised $88,888,888 in a round led by Kingsway Capital.<\/p>\n\n\n\n

Mythical Games, a Los Angeles-based business best known for the sandbox multiplayer game Blankos Block Party, raised $75 million, the majority of it from Westcap.<\/p>\n\n\n\n

Blockchain gaming is currently a specialised and pricey segment of the industry. For casual gamers, entry barriers are frequently rather high in terms of economics and technology.<\/p>\n\n\n\n

To begin playing the viral Pok\u00e9mon-inspired Axie Infinity, entrants must either purchase expensive NFTs or bet money in Aavegotchi in order to develop rare NFTs<\/a>.<\/p>\n\n\n\n

The value of the blockchain gaming tokens associated with these projects frequently moves in lockstep; tokens such as AXS, MANA, SAND, and ENJ surge and crash in lockstep.<\/p>\n\n\n\n

While it is still early in the game, given that blockchain <\/a>gaming accounted for 9% of total gaming investment value in the first half of the year, there may still be plenty of room for growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment capital raised represents for about 10% of the gaming industry’s total investment this year. According to a report published on July 30 by gaming venture capital data aggregator InvestGame, twenty-four blockchain gaming startups raised $476 million in the first half of this year. Blockchain gaming businesses accounted for 5% of deals announced and […]<\/p>\n","protected":false},"author":13,"featured_media":7371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,21],"tags":[202,132,2028],"class_list":["post-7369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-news","tag-blockchain","tag-crypto","tag-gaming"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/image-72.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7369"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7371"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}