Title: Metaverse and NFT Games Raise $748 Million Despite Market Downturn

Despite the ongoing decline in the crypto market, projects related to NFT games and the metaverse continue to attract attention. Companies in this sector have raised $748 million since early August, marking a 135% increase compared to July, as revealed by DappRadar.

Investment Funds Remain Optimistic About NFT Games

The volume of investments indicates that, despite the unpredictable conditions of the digital asset market, large investment firms remain optimistic about the business operations of NFT games. In 2021, total investments in NFT games amounted to $4 billion. This figure reached a record high in 2022, with total investment values nearing $7 billion. With the current trend, it is projected to reach $10.2 billion by the end of 2022.

Singapore-based investment company Temasek has recently funded a $100 million investment round for Animoca Brands to bolster the company's development within the industry. Animoca Brands is the largest investment fund in Asia with a market capitalization of $6 billion.

Another prominent player, Axie Infinity, has surpassed $4 billion in total NFT revenue. Meanwhile, Xterio raised $40 million, earmarked for mobile Web3 games.

Immutable, an Australia-based scalable NFT platform, raised $500 million in June to kickstart blockchain-based games and NFT companies. One of the largest investments, totaling $200 million, came from Machine Zone founder Gabriel Leydon. Machine Zone's mobile game studio has developed titles like "Game of War" and "Mobile Strike."

Gamefi Thriving Amid Crypto Winter

Axie Infinity, one of the most popular NFT games in the field, has led with $4 billion in all-time NFT revenue, attracting approximately 36,000 new daily players over the past three months.

According to DappRadar, blockchain games and metaverse projects have fared significantly better during the crypto winter compared to other industry segments. The report noted that daily active wallets (DAWs) decreased by 7% in Q2 compared to the previous quarter, indicating continued engagement with decentralized blockchain applications at nearly pre-Terra crash frequencies.

DappRadar's research further highlights that 847,000 daily active wallets (DAWs) interacted with blockchain games last month, an 11% decrease from July.

Metaverse Market Outlook

Estimates suggest that the metaverse market was valued at $27.21 billion in 2020 and is projected to reach $824.53 billion by 2030, growing at a CAGR of 39.1% from 2022 to 2030.