Drake Star Partners releases Global Gaming Report H1 2022, shows strong growth in blockchain gaming
More than half of 169 private placement deals during Q2 were related to blockchain gaming companies.
Drake Star Partners, a tech investment bank that won this year’s “Investment Banking Firm of the Year – Europe” and “Telecommunications Deal of the Year” at the 13th Annual International M&A Advisor Awards, has released a Global Gaming Report for the first half of this year.
The report states that there have been 651 announced and/or closed deals during the first six months, which altogether have a total deal value of more than $107 billion, making this year the strongest year in gaming.
Blockchain gaming also continues to show strong growth, as more than half of 169 deals in the private financing market during Q2 were related to crypto gaming companies. The total value of all private placement deals in Q2 is $3.6 billion. Over $2.2 billion was raised by private companies related to NFT gaming, with the most active investors being Animoca Brands, Shima Capital and FTX, while more than half of the capital raised went to early-stage companies.
The second quarter of this year also saw a number of new funds related to blockchain gaming open up, including the massive $4.5 billion crypto fund from a16z, $500 million Web3 fund from Binance, and $500 million from Immutable, with the latter also launching a $40m blockchain gaming fund together with browser gaming giant Kongregate.
Drake Star says in the report that we will “likely also see the first wave of NFT / blockchain M&A deals this year.”
The top 10 investors in blockchain gaming are: Animoca Brands, Shima Capital, FTX/Alameda Research, Infinity Venture Crypto, Yield Guild Games, Polygon, The Spartan Group, LD Capital, Solana Ventures and NGC Ventures.
For more details, check out the full downloadable 21-page report found in the official article from Drake Star here.