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Chain Games and Metaverse Projects Raised $1.2 Billion in the Third Quarter

By Simon LawsonNovember 1, 20221 Min Read
Chain Games and Metaverse Projects Raised $1.2 Billion in the Third Quarter
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Despite the current market downturn, Metaverse and Web3 gaming companies are still raising considerable amounts of money.

Chain Games and Metaverse projects have raised about $7 billion in cumulative financing in 2022, reaching $1.2 billion in the third quarter. Among the financing transactions in the third quarter, ChainGame and Metaverse projects received the most funds, together accounting for 38.5% of the total funds.

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Infrastructure projects accounted for 33.5%, investment companies accounted for 22.9%, and media and NFT projects accounted for 5%. Data shows that the industry never stops growing and new major players are joining the market.

In September, Hadean, a metaverse infrastructure developer, completed a $30 million Series A financing led by Molten Ventures, with participation from Epic Games, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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Simon Lawson
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Simon Lawson has been a professional financial reporter for 6 years. He has in-depth research on the crypto industry and will release major crypto news in a timely manner.

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