Crypto Gaming Company Funding Approaches $ 500 Million in H1 2021

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BeInCrypto

A new report says blockchain game companies have received nearly $ 500 million in funding since the start of 2021.

According to Investgames’ most recent report on game offerings, game companies associated with blockchain have exploded in growth in the past six months. Particularly when the external financing is totaled. The Investgames report states that between January 1 and July 31, 2021, cryptocurrency gaming companies completed a total of 24 transactions, doubling the 12 confirmed transactions for the entire fiscal year 2020. These 24 deals brought crypto-game companies a total of $ 476 million in funding in the first half of 2021 alone. The report adds that three of the 24 funding rounds accounted for 75% of the total amount raised. Those three funding rounds came from Mythical Games ($ 75 million), Animoca Brands ($ 89 million) and Forte ($ 185 million).

With a total value of $ 50.2 billion raised by the gaming industry in general, the $ 476 million raised by the crypto gaming industry represents roughly 5% of the 489 deals closed and 9% of the total value.

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