ReportDappRadar
State of Blockchain Gaming Q1 2023 Report
1 Mar 20235 pages~1 min full read
Blockchain gaming and metaverse projects secured $739 million in investment during Q1 2023.
See it on page 4Investment in the sector grew by 12.95% quarter-over-quarter compared to the $654.5 million recorded in Q4 2022.
See it on page 4The $739 million total for Q1 2023 represents a sustained upward trajectory in capital interest for blockchain-based gaming.
See it on page 4Quarterly investment figures rose from approximately $0.655 billion in Q4 2022 to $0.739 billion in Q1 2023.
See it on page 4**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.
