Crypto Gaming Funding Drops But Remains Robust Despite Bear Market

Crypto gaming attracted $600M in Q3 2022, down 38% from Q2 2022, but still significant amid the bear market.

Most funding went to gaming-focused investment firms rather than studios, suggesting VCs will remain a key funding source.

Axie Infinity saw the most NFT volume at $90M, though top anticipated games like Parallel remain in development.

Sky Mavis is keeping Axie's community engaged with tournaments and prizes despite its comedown from peak 2021 hype.

The co-founder sees bear markets as important for the crypto gaming industry's evolution rather than boom times.