State of Blockchain Gaming Q1 2023 Report
**Investment in Blockchain Games (Q4 2022 → Q1 2023)**
| Quarter | Investment (USD) | Investment (Bn USD) | % Quarter‑over‑Quarter Change |
|---------|------------------|----------------------|--------------------------------|
| Q4 2022 | **≈ $654.5 million** | **≈ 0.655 Bn** | – |
| Q1 2023 | **$739 million** | **0.739 Bn** | **+12.95 %** |
**How the numbers were derived**
- The report states that Q1 2023 saw a **12.95 % increase** over the previous quarter and that the Q1 2023 total was **$739 M**.
- To back‑calculate the Q4 2022 figure:
\[
\text{Q4 2022 Investment} = \frac{\text{Q1 2023 Investment}}{1 + 0.1295}
= \frac{739\text{ M}}{1.1295}
\approx 654.5\text{ M}
\]
- Converting to billions (1 Bn = 1,000 M):
\[
654.5\text{ M} \approx 0.655\text{ Bn}
\qquad
739\text{ M} = 0.739\text{ Bn}
\]
**Key take‑away**
- **Q1 2023** investment in blockchain gaming and metaverse projects reached **$739 M (0.739 Bn)**, marking a **robust 12.95 % quarter‑over‑quarter growth** from the **≈ $654.5 M (0.655 Bn)** invested in **Q4 2022**. This upward trajectory underscores the accelerating capital interest in the blockchain gaming sector.
