The blockchain gaming industry had a rough start to the year, with venture capital deal value falling nearly 60% to $288 million, indicating investor caution.

The decline in venture capital deals compared to previous quarters indicates that developers in the blockchain gaming industry are facing a mix of caution and optimism. According to data collected by DappRadar, the sector received $288 million in funding in the first quarter, a 57% drop from the fourth quarter of 2023.

Sara Gherghelas, blockchain analyst at DappRadar, said, “The focus of these investments is mainly on web3 games and infrastructure. This undoubtedly highlights a period of infrastructure construction aimed at enriching the web3 gaming ecosystem.”

The analyst points to just two standout deals that shaped the investment landscape during this period: Parallel Studios and Gunzilla Games.

In March of this year, Parallel Studios received $35 million in financing in a round of financing, including Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund and Amber. Although the developer did not provide specific details on how the funds will be used, the studio's goal seems to be to expand its influence on various platforms, with the Epic Games Store game market being a key milestone in its expansion.

Gunzilla Games also raised $30 million for its upcoming project Off the Grid, a free-to-play battle royale game. The investment was co-led by CoinFund and Avalanche’s Blizzard Fund and aims to bring the game to multiple gaming platforms, including Sony PlayStation, Microsoft’s Xbox, and PC.

Gherghelas noted that despite investor caution, the influx of investment in new game development and technological innovation shows that people have a lot of hope for the future. #区块链游戏 #风险投资