Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector.

While this figure was down 48% compared to the second quarter, it was nearly double the total amount raised in 2021.
DappRadar said that Web3 games “continue to be a driving force for the dapp industry,” accounting for nearly half of all blockchain activity across 50 networks tracked by the firm.
Wax, BNB Smart Chain, Matic, Solana, EOS and Hive are the six largest gaming protocols based on active wallet addresses.

However, it may be a while still before blockchain and Web3 games pique the interest of casual gamers, according to a recent survey by blockchain entertainment provider Coda Labs.
Source: Cointelegraph
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