The crypto bear market is also called the builder’s market by many well-known people and companies in the industry.
According to new data from Nasdaq, this is how investors thought as they kept putting money into Web 3, especially projects related to the metaverse.
In the last year, there were 216 funding deals for the Metaverse that added up to almost $2 billion. Support-based services, which are also called “core components for manufacturing,” got the most money.
“Digital architects, game designers, AI developers, content creators, and custom metaverse services were suddenly needed to make metaverse experiences.”
The most Metaverse transactions were closed in the last year by Animoca Brands, which is a leading developer of Metaverse ecosystems. They closed 15 transactions. By 2022, the company will have raised more than $564 million.
It also just said that it wants to start a $1 billion fund for space developers called the Metaverse Fund.
The report says that investors have paid more attention to large metaverse platforms this year. It does, however, open the door for smaller, more specialized projects in the future. Nasdaq says that those who have plans for a “open metaverse” will be ahead.
The report says that AI and avatar firms will continue to get a lot of money from support services in the future. Also, the next phase of development will be shaped by the growth of the open metaverse platform and the improvement of GameFi’s economic models and usefulness.
The year 2021 was the year of the non-fungible token (NFT), but it can also be thought of as the year of the metaverse, since that was the word of the year according to Oxford Dictionaries.
Both were around before their respective booms, but this was the year that developers, brands, and consumers all jumped on board. In fact, research shows that the metaverse is a key part of NFT’s success in the long run.
Another recent survey found that more than 90% of people are interested in the metaverse and how it will change their digital lives.
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