Businesses specialised in Blockchain gaming remained popular among venture capital firms in November, in line with October’s performance.
According to data compiled by specialist site The Block Research, around 42% of the US$ 3.8 billion venture capital deals struck in November involved startups focusing on Blockchain games, NFTs or both.
They were followed by crypto exchanges, brokers and lenders, with companies like MoonPay, Gemini and Celsius raising significant amounts through funding rounds. The gaming sector was led by Forte, a Blockchain gaming infrastructure outlet designed to integrate features like NFTs into games. According to the Block, businesses in the sector’s two subcategories stood out in November: the ‘play to earn’ games and fractionalised NFT trading platforms.
"When we look back at 2021, we will see this as the year when major investors, including venture capitalists, realised that blockchain technology and cryptos have the potential to transform the financial and many other sectors. This, in turn, will help move the whole crypto world further towards the mainstream to become very much part of the world’s financial landscape."
Predicted Eduardo Carvalho, the founder and CEO of Dynasty Global Investments AG.