Web3 gaming investments experienced a notable resurgence in July, climbing to $297 million, bolstered by strategic partnerships and significant announcements.

In June 2023, funds going into Web3 gaming dropped to its lowest for the year at $68 million. This was mainly because of tough challenges in the market, data from DappRader showed on Thursday.

Currently, there are about 712,611 unique active wallets used daily in this sector, according to DappRadar’s report. This marks a tiny 0.5% drop from last month, but it still makes up 41% of the industry’s activity.

In July, infrastructure projects were found to have garnered the majority of investments, amounting to $187 million, or 63% of the total funds allocated.