In recent months we have heard a little less about NFT in the world of video games, but the sector is not dead for all that, quite the opposite. In the first half of 2022, we learned that half of the investments raised by gaming companies went to blockchain and NFT-related startups.
Many acquisitions and investments in video games.
If the subject is foreign to you, we invite you to discover our file on what an NFT is and how it can be used in video games. This digital certificate of authenticity created thanks to a chain of blocks has not yet reached video games, but the investments in it are being enormous.
According to a report from Drakestar Partners, the start of 2022 marks a record in terms of mergers and acquisitions with several hundred deals announced. Among the most important amounts we can mention, obviously, the acquisition of Activision by Microsoft (68,700 million dollars), that of Zynga by Take-Two (12,700 million dollars) or even that of Bungie by Sony ( $3.6 billion).
Let’s not forget other players we hear less about in Europe, but who are just as great. The Chinese company Tencent thus holds the record for agreements during the year with 7 mergers/acquisitions.
It also sees a record over $7 billion from the venture capital funding side with over 11 funding rounds at over $100 million. Epic Games led the pack with a $2 billion raise, while Animoca Brands, Dream Games, Immutable and thatgamecompany followed with big deals of over $150 million.
We talk about it regularly on Xboxygen, investments in video games are numerous and the sector is clearly on the rise, especially since the COVID pandemic.
NFT and Blockchain investors of interest
New sectors of interest to investors include NFT and Blockchain. Drakestar Partners indicates that more than half of the funds raised by video game startups go to NFTs and Blockchain, a total of more than $2.2 billion.
Leading the biggest investors in the sector is Animoca Brands, a Hong Kong-based mobile gaming company that, for example, invested heavily in the C2X platform last March, based on the Terra blockchain. It is valued at 500 million dollars.
Last January, Animoca Brands announced a fundraiser of over $358 million to invest in NFTs and games and to build an open metaverse. As recently as July 12, the same company raised another $75 million, bringing its valuation to $5.9 billion.
Animoca Brands does not hide it, it simply wants to become one of the world’s leading technology groups in the field of blockchain and gaming through “decentralized gaming rewards and monetization.”
Animoca Brands is working to build the open metaverse by providing digital property rights to online users through the use of blockchain and NFT; These technologies enable true digital ownership of virtual assets and user data, and enable various DeFi and GameFi opportunities (including playing to win), asset interoperability, and an open framework that can lead to greater fairness for all. participants.
At the moment, many companies are talking about the metaverse and monetization through NFTs, but few projects have managed to sufficiently demonstrate their interest to gamers. In view of the sums invested, this is only the beginning of a story whose outcome no one yet knows.