Immutable X games collected largest Web3 funding of 2022 – over $900M

Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital.

Immutable X exclusive games and Immutable X-based multi-chain games received roughly $300 million and over $600 million in funding, respectively.

Funded projects by ecosystem
Funded projects by the ecosystem – Source: (Delphi Digital)

With these investments, Immutable X passed Solana and Polygon to become the most funded Layer-2 Web3 game ecosystem in 2022. Immutable X grew from five games to over 100 throughout the year, according to the report.

Polygon followed Immutable X as a close second with a combined $850 million in funding. Polygon’s multi-chain gaming collected almost $750 million — nearly $150 million more than Immutable X’s multi-chain equivalent.

However, Polygon-exclusive games performed relatively poorly, collecting just over $150 million the entire year.

Gaming accounts for 62% of all Web3 investment

The total funding amount collected by prominent Web3 categories reached $7.1 billion in 2022 — with the Web3 gaming industry accounting for 62.5% ($4.49 billion) — according to a recent report.

Immutable X CTO Alex Connolly gave an exclusive interview with CryptoSlate on Nov. 18, 2022. At the time, the company was at $2.5 billion in valuation, which it reached in two years. Conolly spoke about Web3 gaming’s ability to give power back to the players by granting them full ownership of their in-game assets.

Posted In: Gaming, Investments, Web3
Bookmark (0)
ClosePlease loginn

Related Posts

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Rocket League world champions TeamBDS partners with Xborg for web3 fan activations

Blockchain meets esports as XBorg Partners with Team BDS

Bookmark (0)
ClosePlease loginn
Citigroup believes CBDCs will lead the way to mass adoption

Citigroup believes CBDCs will lead the way to mass adoption

Citi said that mass adoption will happen when more than a billion people are using blockchain technology without knowing they’re using it.

Bookmark (0)
ClosePlease loginn
SBF pleads not guilty to all 13 federal indictments

SBF pleads not guilty to all 13 federal indictments

Sam Bankman-Fried’s trial is set to begin in October. He is also facing civil charges filed by the SEC and the CFTC.

Bookmark (0)
ClosePlease loginn
Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Cold wallet Ledger raises $108M as self-custody wallets gain popularity

Hardware wallet ledger raised another $385 million in 2021, and its current valuation sits at $1.41 billion.

Bookmark (0)
ClosePlease loginn
Hong Kong signals licensing over 8 crypto companies by year-end

Hong Kong signals licensing over 8 crypto companies by year-end

Licenses will be issued under Hong Kong’s new crypto licensing regime, composed to support crypto firms looking to set up shop in the city.

Bookmark (0)
ClosePlease loginn
Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Coinbase, Kraken plan to continue operating in Canada as regulatory rules change

Kraken and Coinbase are among the first exchanges to officially declare their intent to remain in Canada.

Bookmark (0)
ClosePlease loginn

Leave a Reply

Your email address will not be published. Required fields are marked *