GameFi and Metaverse were the top performers in the second quarter of the bear market. According to a report by DappRadar, the number of transactions associated with them increased by 9.5% and 27%, respectively.

For comparison, this metric applied to DeFi and NFT dropped 14.8% and 12.2%.

A similar picture emerged in terms of average volume of network activity per unique active wallet. It decreased by 7% in blockchain games, and 24% in NFT – all at once.

The Metaverse project token trading volume increased by 97%, while the NFT industry as a whole fell by 32.7%.

“Such activities show that interaction with virtual worlds does not depend on its profitability for the end user”, experts stressed.

DappRadar noted the flexibility of investments in blockchain games and metaverses by institutional investors who see strong growth potential.

Despite the collapse of the Terra ecosystem, the amount of funding has not changed ($2.5 billion). Experts compared the consequences of the collapse of Lehman Brothers for traditional financial markets.

Remember, venture investment in crypto startups fell 31% from April to June, according to Pitchbook estimates.

Andreessen Horowitz previously launched a $600 million fund to invest in games and metadata.

Previously managed by a former general partner a16z Cathy Haun Haun Ventures has raised $1.5 billion in two crypto funds with a similar focus.

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