⏰ Wake-up Call: Blockchain Gaming Investments Down 31% YoY 📉

Business of Games Is this a wake-up call for blockchain gaming to prioritize utility over hype? 281#

Hey Friends, Greetings from Bangalore 💗

2024 has been a challenging year for blockchain gaming investments, with a 31% year-over-year decline signaling a shift in investor confidence. Here’s how it breaks down by quarter:

Q1 — $324M
Q2 — $296M
Q3 — $128M

This brings us to a total of $748M invested so far, and a significant 57% drop from Q2 to Q3 alone.

FYI During Q3 2024, the prices of the majority of game tokens continued to fall.

My observation on the trends:

⚖️ Novelty vs. Utility
The landscape is evolving: Projects emphasizing quality and utility are edging out those that rely solely on novelty. With players and users looking for depth and purpose, projects focused on tangible value are gaining traction.

🚀 Investor Focus Shift
As blockchain projects face tighter funding, AI has become the new frontier, drawing greater investor interest.

☀️ Ray of hopes
Telegram games like Hamster Kombat and Catizen are seeing social engagement grow, even serving as effective UA channels for larger web3 titles. This momentum reflects opportunities for innovation within the sector.

What are your thoughts? Is this a wake-up call for blockchain gaming to prioritize utility over hype?

Take CARe, CARtic P
/ iCartic.com