Research Summary
The report provides an overview of the gaming industry’s performance in the second quarter of 2023. The report highlights a decline in Web3 game funding by approximately 30% over the past three quarters. It also notes significant investments in gaming and the metaverse in the MENA region and China. Despite a general downturn in token prices, total market cap, and volume, RON has outperformed expectations. The report also mentions NFL Rivals, a compliant NFT mobile game with nearly 1 million downloads, and ImmutableX’s new partnerships.
Actionable Insights
- Web3 game funding has seen a consecutive decline: This trend could indicate a need for new strategies or approaches in the sector.
- Significant investments in gaming and the metaverse in the MENA region and China: These markets could present opportunities for expansion or collaboration.
- RON has outperformed expectations: This could suggest potential for investment or further research into the factors contributing to its success.
- NFL Rivals and ImmutableX are making notable strides: These entities could be worth monitoring for future developments and trends in the gaming and NFT space.
