Web3 startup has raised a lot of money in 2022 with a total of $7.1 billion raised. Amid this funding, the gaming industry took the largest share with his $4.49 billion. The metaverse industry, which includes virtual and augmented reality, was his second place, with $1.8 billion in funding. The Social Network followed suit with his $259.1 million. These three industries account for the bulk of his Web3 startup funding for 2022, demonstrating growing interest and investment in these emerging technologies.
Gaming Industry Explosive Growth in Web3 Startup Funding
Gaming was the leading category of investment for Web3 startups, pulling in a total of $4.49 billion. Metaverse followed closely behind with his $1.8 billion, while Social Networks placed him third with $259.1 million. These he accounted for more than 70% of his funds raised in just three categories.
The report also shows that the Web3 industry has raised significantly more funding compared to the previous year, raising a total of $4.8 billion in 2022. It shows the potential and promise of the industry.
According to the Metaverse Post’s year-end report, Metaverse category Web3 startups will raise a total of $1.82 billion in 2022, making it the second most popular investment category. This represents 25.4% of total investment in the Web3 space, reaching $7.1 billion in 2022. Among the companies in this category, Yuga Labs, creator of Bored Ape Yacht Club (BAYC), invested his $450 million in March for the launch of the Otherside Metaverse.
Social networking startups in the Web3 space have raised a total of $259.1 million in 2022, according to a report. This represents his 3.6% of total investment in the Web3 space. There is a growing demand for decentralized and secure social networking platforms in the Web3 space, highlighted by initiatives by companies such as Phaver, Aave, Lens Protocol and Polkadot.
Startups in the Infrastructure, AR&VR, and AI categories have raised a total of $516.9 million in 2022. This represents 7.2% of the total investment in the Web3 space. Of these categories, Immutable, a company focused on non-fungible tokens, raised the most at $200 million. AngelList, a startup-focused platform, also raised a hefty $100 million. Additionally, Sky Mavis and Improbable, which focus on games and the metaverse respectively, have raised $150 million each. These four companies are among the top 10 most funded startups in 2022.
Four venture capital firms have been identified as the biggest spenders in 2022, each investing more than $1 billion. Paradigm topped the list with a total investment of $2.5 billion, supporting 31 projects including Uniswap, Magic Eden and Optimism. Other major investors include Andreessen Horowitz, who invested her $2.2 billion in 25 projects, Sequoia China, who invested her $1.5 billion in 21 projects, and her $1.4 billion in 15 projects. Matrix Partners China, which has