Web3 games raised $160M between 2023 and 2024, according to new report

Analytics platform Helika revealed its new report on the state of Web3 gaming today, made in collaboration with Pantera Capital. According to the report, Web3 games raised more than $160 million between February 2023 and February 2024. Helika also revealed that 2023 had seen more than 200,000 weekly gaming transactions across chains.

Helika’s report covers Web3 gaming ecosystems, play-to-airdrop campaigns, on-chain royalties and the role AI plays in Web3 game development. One of the takeaways was that developers are using AI to facilitate faster game development and a higher level of immersion for players. It also provided specific analytics for different ecosystems, including Polygon and Arbitrum.