The growing GameFi sector represents a significant portion of blockchain investment. Related projects saw a 194.2% surge in funding in the first quarter of this year, dominating other sub-segments fueled by decentralized technology.
Continued interest in this sector may explain why early-stage investment firm Konvoy Ventures launched a $ 150 million fund for upcoming game companies this month. Animoca Brands and Republic Capital have also recently invested in the gaming community.
Blockworks overtook Alliance DAO’s core contributor Will Robinson to give his view on what keeps the sector alive in the down market. Robinson stated that the sound surrounding Axie and the money-making app Stepn has distorted results, and it’s time to free up capital in this area. Robinson believes now is the time to deploy capital in the space industry.
By asking where the GameFi industry is heading, he stated that now it’s easy to do complicated things. If you’re investing now, it is the right time to take advantage of this compelling new feature you’re trying to introduce into your game.