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