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2022 Funding Review: Web3 Start-Ups Secured $7.1 Billion Of Total Investment Inflows

According to a report by Metaverse Post, start-ups innovating in Web3 secured $7.1 billion in funding throughout 2022. Multiple reports revealed that the total annual investment inflow in the Web3 space was $7,169,997,888.

The analysis focus on innovators under Gaming, Web3 Socials, Metaverse, Artificial Intelligence (AI), Artificial Reality (AR), and Virtual Reality (VR) categories. Thus, notwithstanding the deep market correction, there was a $4.8 billion increase over the prior year.

Investment Ranking According To Categories

Despite the last-minute trend, the gaming category earned the top spot, while Artificial Intelligence (AI) occupies the last spot. Gaming secured 62.5% funding (about $4.49 billion) from the total annual investment inflow. 

According to the analysis, Epic Games received the most significant investment in 2022. Epic, led by KIRKBI and Sony Inc., received $2 billion. This funding round contributed to their recent growth, resulting in a surge in their valuation to $31.5 billion.

In second place is Metaverse, which gained both attention and cash in 2022. Start-ups innovating in the Metaverse sub-category raised $1.82 billion in funding or 25.4% of the entire investment flow.

Leading the way is Yuga Labs, creators of the famous Bored Ape Yacht Club (BAYC). At the end of the first quarter, Yuga Labs raised $450 million in investment to develop the Otherside metaverse.

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According to the study, social networking apps fit for the decentralized and security nature of Web3 grabbed the VCs’ attention and ranked third on the list. The start-ups in this category received $259.1 million, or 3.6% of the total investment funding from VCs in 2022.

Infrastructure $200.8 million, Artificial Intelligence $178 million, and Artificial & Virtual Reality $136.5 million represent the last three categories. Start-ups like Immutable (NFT), Improbable (Metaverse), Sky Mavis (Gaming), and AngelList (Fundraising) were among the top 10 start-ups that secured the biggest funding in their category. 

Immutable, AngelList, Sky Mavis + Improbable secured $200 million, $100 million, and $150 million in funds, respectively.


Biggest Spenders In The VC Space

Out of numerous distinguished Venture Capital firms, four were the most prolific in 2022, averaging over $1 billion in crypto investment. Paradigm occupied the first position as it disbursed $2.5 billion in the year under review. 

The firm funded over 30 projects, with start-ups like Magic Eden, Optimism, and Uniswap among its rich portfolio. In the second position is Andreessen Horowitz disbursing $2.2 Billion to crypto start-ups.

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Following Horowitz is Hivemind in the third position. Binance Labs, the investment arm of Binance Inc., came in fourth, as it disbursed over $1 billion to crypto companies last year.

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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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