Web3 Gaming Funding Plummets 71%, Driven by Macroeconomic Pressures

Investment in blockchain-based games experienced a significant decline in the first quarter of 2024, falling sharply to just $91 million. This marked a dramatic 71% decrease compared to the previous quarter, according to data from DappRadar, a leading blockchain analytics platform. This downturn was largely attributed to global economic challenges including trade wars and geopolitical tensions.