Over $1 Billion Invested in Web3 Gaming 💰
Over $1 Billion Invested in Web3 Gaming 💰
Everything You Need To Know: Blockchain, Crypto, and NFTs
Welcome Back to Spectrum 💥
We cover everything you need to know about Blockchain, Crypto, and NFTs…
Stay updated on what happened yesterday, what's happening today, what's coming tomorrow.
GM SUMMER 🌞
Hopefully, you are relaxing on a well-deserved summer holiday!
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Spectrum Money 🤑
Web3 Gaming Attracts 40% of Deals in Q2
The Drake Star Global Gaming Report Q2 2024 offers a detailed analysis of the gaming and esports landscape for the second quarter of the year, shedding light on significant developments and providing predictions for the remainder of 2024.
Here’s what you need to know…
📈 Increased M&A Activity:
52 deals valued at $3.5B, marking the third consecutive quarter of growth. Notable transactions include EQT’s $2.8B acquisition of Keywords and Nintendo’s purchase of Shiver Entertainment.
💰 Stable Private Financing:
180 deals, with a strong focus on web3 gaming—40% of deals and 44% of disclosed value. Major investments include Zentry's $140M round, k-ID's $50M raise, and The Sandbox's $20M raise.
🌍 Regional Investment Trends:
Asia leads with significant financings, followed by Europe/UK. Early-stage companies continue to attract the most investment, with venture capital firms like BITKRAFT Ventures, Konvoy, Shima Capital, Play Ventures, and Sfermion being particularly active.
🔮 Future Outlook:
Anticipated growth in M&A activity and strategic investments. Web3 gaming remains a hot sector, with increased funding highlighting its potential for innovation and expansion.
Deep dive into the full scoop, here!
Spectrum Rewind 🔁
New Tokens + Events
🕹️ Learn How to Earn $FIRE in Matr1x Fire's Gold Rush Test
🕹️ Explore Wanderers Open Beta and Earn $WANDER Tokens
🕹️ New Otherworld: Solo Leveling Event with 65K $SAND Prize Pool
Major Industry + Gaming News
💥 New Free-To-Play Idle RPG By Supervillain Labs Now Live on Mobile
💥 Gaming Makes Up 63% Of WAX Wallet Activity in Q2
💥 Pulsar Achieves 500M+ Transactions on Avalanche Testnet
Funding + Raises
🤑 Cartridge Secures $7.5M to Build On-Chain Games
🤑 $1.1Bn Invested in Blockchain Gaming, Q2 Report Findings
🤑 Web3 Gaming Attracts 40% of All Private Company Financings in Q2
What did we miss?
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Spectrum Highlight 🚨
$1.1Bn Invested in Blockchain Gaming
The second quarter (Q2) of 2024 has demonstrated remarkable growth and significant milestones in the blockchain gaming sector, as detailed in a comprehensive report by DappRadar and the Blockchain Game Alliance (BGA). With investments in web3 gaming soaring to $1.1 billion, marking the best quarter since Q3 2022, the industry has seen a substantial increase in daily active wallets and a surge in blockchain activity.
Here is what you need to know…
🔹 Investments Surge: $1.1 billion raised, marking the strongest quarter since Q3 2022.
🔹 Daily Active Wallets: Blockchain gaming accounts for 28% of all dapp activity, with 2.8 million active wallets daily.
🔹 Top Blockchain: Ronin leads with 1.9 million new daily wallets, doubling its user base.
🔹 Emerging Leaders: Immutable zkEVM and opBNB show extraordinary activity increases of 715,136% and 80,459%, respectively.
🔹 Game Highlights: Pixels leads with 48 million unique active wallets this quarter.
🔹 Metaverse Trends: NFT metaverse collections face declines, but Mocaverse maintains a 49% share of trading volume.
Want to learn more… here are the details!
Spectrum Secrets 🤫
Noted by our team as MUST-watch projects…
Wilder World 🗺️
Some NFT projects that are early but should keep tabs on…
Genkai 🔴
Spicenet 🌶️
Please note this is NOT financial advice and we always encourage our community to proceed with caution. Check links before clicking or connecting wallets. Stay safe, we love you.
Spectrum Extra ⚡
Supervillain Labs Reveals New Game Supervillain Wanted
Supervillain Labs has officially released its new idle RPG, Supervillain Wanted, now available on Android and iOS. The game has quickly gained traction, reaching over 100,000 downloads within the first four hours
Here is the scoop…
🎮 Game Features:
Build and upgrade teams of Villains and Sidekicks
Strategic gameplay with combo, counter, and critical attacks
Engage in the Sidekick Race event for weekly cash prizes
🎁 Pre-Registration Bonuses:
Exclusive in-game items including a Legendary Villain and an Uncommon Sidekick
🔗 About Supervillain Labs:
Focused on merging Web2 and Web3 gaming experiences
Part of the Aptos ecosystem
Includes projects like Project ARK and Supervillain Village
More information is available here!
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