Last month, VCs (Venture Capitalists) invested over $150 million in the Metaverse sector, according to a report by Cryptonary.

Also, the report shows that Metaverse projects have attracted almost three times more investments than DeFi.

But what is it about the Metaverse that is attracting VCs?

I’ll tell you: it’s WEB3 GAMING!

Below, I will unravel what Web3 is and why investors are rushing to invest in it.

Web3 Gaming – Why It Has Become Investors’ Fave

Web3 gaming is a type of gaming that uses blockchain technology to create a more engaging experience for players.

Unlike traditional games, in Web3 games, players own their in-game assets, which can be sold on decentralized exchanges. 

This gives players more control over their gaming experience and allows them to earn real money.

This may be the biggest crypto sector in the coming months for 3 reasons.

First, the global gaming market is very big.

It is now worth over $175 billion, and it’s expected to grow to over $260 billion by 2025.

Second, the number of gamers who are familiar with blockchain technology is growing rapidly.

A recent survey found that over 50% of gamers are interested in playing blockchain games. (Reference)

Third, Web3 games offer several advantages over traditional games, such as:

1. They grant players ownership rights.

2. They are transparent, and 

3. Web3 games are designed to be interoperable.

These reasons show that the Web3 gaming sector has a strong potential for success that VCs cannot resist.

And they have started committing money to this space.

I’ll now show you 3 VC-backed Web3 gaming projects that look very promising.

But before we dive into that, we are organizing a compound interest futures challenge.

To join, signup with Bybit and join our Telegram group where you will learn how to trade.

Top VC-Backed Web3 Gaming Projects

1. Futureverse

Futureverse is a gaming company that combines AI and blockchain capabilities to create its open metaverse.

One of its prominent consumer games, AI League, was developed in collaboration with FIFA.

The company has raised $54 million in funding from investors such as 10T Holdings and Ripple.

Recently, it decided to integrate with Ripple’s XRPL to build a blockchain network where gas fees will be paid in XRP.

This is an interesting move considering Ripple’s recent success.

2. Mythical Games

Mythical Games is a gaming studio that is developing a mobile gaming empire. 

Its main product, NFL Rivals, is officially licensed by the NFL and NFLPA– and it boasts 1 million downloads already.

Some of their key investors are Scytale Digital, ARK Invest, Animoca Brands, and MoonPay.

And the company has raised $37 million so far. 

3. Pixion Games

Pixion Games is currently building its flagship game, Fableborne. The game is a multiplayer mobile game, similar to the popular game Clash of Clans. 

The company has raised $5.5 million in funding from investors such as Avalanche Foundation’s Blizzard Fund, Shima Capital, and Eldridge.

So, these are the three top games that you should consider if you plan to invest in this space but this is not financial advice.

Ensure you do due diligence.

If you also want to learn how to trade profitably, then signup on to Bybit and then join our Telegram group where we teach how to trade as well as give trade signals.

We also hold DeFi classes as well.

See you in the group and in my next post.