The gaming industry experienced significant growth in funding and revenue. A report highlighted a 90% increase in VC funding in Q1 2024, reaching $2.197 billion. In 2023, the industry generated $183.9 billion globally, with PC games outpacing console game growth.
1/ Crypto gaming projects and funds raised nearly $1 billion in November 2021 Yet 30 months later we have only a handful of games that have attracted real users apart from mercenary capital and sustained activity for longer than just a few months. https://t.co/K0P3o55S19
Gaming Saw Over 90% Increase in VC Funding for Q1 2024 🔥 In our latest article we breakdown data from Konvoy's Q1 2024 report - covering the top trends, major deals, market shifts, and relevance to web3 gaming. Here is a sneak peek: 📈 Market Growth > 2023: $189 billion >… https://t.co/5OnWCjL84j
According to a recent industry report, despite shrinking revenues from 2021-2022, the gaming industry bounced back in 2023, generating $183.9 billion globally. Notably, the PC games market significantly outpaced console game growth. Details: https://t.co/F1VBXXMAOY #gamedev https://t.co/nl1ToPlqDz