The focus of recent investments has predominantly been on web3 games and infrastructure, indicating a period of foundational building aimed at enriching the web3 gaming ecosystem. Sara Gherghelas, a blockchain analyst at DappRadar, highlighted that only two notable deals shaped the investment landscape during this period: Parallel Studios and Gunzilla Games. The investment, co-led by CoinFund and Avalanche’s Blizzard Fund, also aims to expand the game across various gaming platforms, such as Sony PlayStation, Microsoft’s Xbox, and PC.
Despite investor caution, the influx of investments into new game development and technological advancements “shows that there’s a lot of hope for what’s next,” as noted by Gherhelas.