• DappRadar, the Blockchain Game Alliance and (BGA), published the Blockchain Games report in the first quarter 2022.
• According to the latest figures, Q1 has seen $2.5 Billion in investment.
• DappRadar claims that in March, there were 1.22 Million active wallets created by the Blockchain Gaming Industry.

DappRadar (a market tracker) and Blockchain Game Alliance, (BGA), released the Blockchain Games report, for the first quarter 2022, on Wednesday.

This latest report is a follow-up to a February report that stated $720 million was invested in blockchain infrastructures and games. Quartile 1’s latest investment figures are $2.5 billion. It also revealed that in 2021, venture capitalists as well as other investors have raised $4 billion.

The report mentions Animoca Brands, which raised $360million. This brought its value to $5 billion and made Animoca Brands a top Web3 brand. The report also lists Sequoia Capital’s $450million investment in Polygon (MATIC) and Yuga Labs, which received $450million in funding.

DappRadar reported that there were 1.22million active Bitcoin wallets created by the Blockchain Gaming Industry in March. Over half of this activity came from decentralized gaming applications, as well as applications that offer a Play-to-Earn (P2E), incentive.

According to the report, Splinterlands was the top play-to earn decentralized app and Polygon was the Layer2 sidechain that had the most P2E played games (Arc8, Crazy Defense Heroes, and Pegaxy).

Axie Infinity (AXS), is one the most used games when you look at daily usage. However, the report noted that there were fewer active wallets linking to Axie Infinity after the hack of $650million of the Ronin Bridge in February.

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