Web3 startups raised $7.1B in funding during 2022 – Gaming accounted for 62%

The Web3 area raised$7.1 billion in funding throughout 2022, with Gaming, Metaverse, and Social Networks being the top three investment categories, according to Metaverse Post’s year-end report .

The report took start-ups under Gaming, Metaverse, Social Networks, Infrastructure, Artificial Reality and Virtual Reality (AR & VR), and Artificial Intelligence (AI) and computed the precise financial investment quantity collected as $7,169,997,888.

In spite of the bearishness, the sum is $4.8 billion higher than in 2021.

Classifications’ ranking

The video gaming category ended up being the year’s leading category, while AI became the last.Gaming Video gaming

stepped forward as the winning category by gathering $4.49 billion, which represents 62.5% of the overall quantity purchased Web3.According to the

report, Epic Games gathered the most considerable investment in 2022. The company raised $2 billion in financing from Sony and LEGO owner KIRKBI. Legendary Games closed the year at a $31.5 billion valuation.Metaverse Metaverse followed Gaming as the second most popular category that attracted investment in 2022. According to the report, the metaverse sphere gathered$1.82 billion in financing, which accounts for 25.4 %of the overall investment.Creators of the Bored Ape Yacht Club(BAYC)Yuga Labs became the second company that

gathered the largest sum in funding. In March , Yuga Labs raised $450 million in funding to launch Otherside metaverse.Social Networks Start-ups that introduce social networking apps appropriate for the decentralized and secure fashion of the Web3 were the third

most popular category in the eyes of the financiers. The category raised$259.1 million in 2022, making up for 3.6 %of the overall quantity purchased Web3.CryptoSlate exclusive material with Phaver and with Aave and Lens Protocol, in addition to Lens Protocol’s and Polkadot’s efforts on the subject, highlight the need for Web3 social media protocols

. Facilities, AR & VR, and AI The last 3 categories were Infrastructure, AR&VR, and AI, with$200.8 million,$178.6 million, and$136.5 million, respectively.All falling under the infrastructure category, NFT-focused Immutable, Metaverse-focused Improbable, gaming-focused Sky Mavis, and start-up-focused AngelList also got in the top 10 start-ups that drew in the

most popular funding. Immutable raised$200 million in financing, AngelList collected$100 million, while Sky Mavis and Improbable protected$150 million each.Biggest spenders 4 Venture Capital firms stepped forward as the biggest spenders this year, each sparing over$1 billion in investments.Of these, Paradigm claimed first place by spending$ 2.5 billion in 2022. The business supported 31 projects, consisting of Uniswap, Magic Eden, and Optimism Venture Capitals with over $1B financial investments Andreessen Horowitz followed Paradigm as a close second with a total financial investment of $2.2 billion.The Youngest

Venture Capital of all, Hivemind, spared $1.5 billion in 2022 and secured third place in the ranking, while Binance Labs became the fourth by investing $1 billion.Posted In: Gaming, Investments, Metaverse Recent Gaming Stories How did the FTX collapse impact the Web3 video gaming market? Footprint Analytics · 1 month ago · 3 minutes checked out Financial web3 task userbases decrease; blockchain gaming has 5x user retention versus web2 Liam’Akiba’Wright · 2 months earlier · 3 minutes checked out CryptoSlate Wrapped Daily: Lebanon turns to crypto amidst bank closures; FTX seeks to raise $ 1B; Zilliqa launches web3 gaming console Zeynep Geylan · 3 months earlier · 4 minutes read Disclaimer: Our writers’ viewpoints are entirely their own and do not show the viewpoint of CryptoSlate. None of the details you continue reading CryptoSlate needs to be taken as investment suggestions, nor does CryptoSlate back any job that might be discussed or connected to in this article. Buying and trading cryptocurrencies should be thought about a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility must you lose money trading cryptocurrencies.