According to the year-end report from Metaverse Post, the Web3 sector raised $7.1 billion in funding throughout 2022, with the top three investment sectors being gaming, metaverse, and social networks.
The precise amount of money raised was computed as $7,169,997,888 using start-ups in the categories of gaming, metaverse, social networks, infrastructure, artificial reality and virtual reality (AR &VR), and artificial intelligence (AI).
The amount is $4.8 billion greater than in 2021 despite the bear market.
The top category for the year was determined to be gaming, with AI coming in last.
With $4.49 billion in revenue, the gaming industry emerged as the winner and accounted for 62.5% of all Web3 investments.
The research states that in 2022, Epic Games received the largest investment. Sony and LEGO owner KIRKBI provided $2 billion in capital for the business. At the end of the year, Epic Games was valued at $31.5 billion.
Gaming was the most popular investment category in 2022, while Metaverse was second. The study states that $1.82 billion, or 25.4% of the total investment, was raised for the metaverse sector.
Yuga Labs, the organization that founded the Bored Ape Yacht Club (BAYC), was the second business to get the most money. To start the Otherside Metaverse, Yuga Labs raised $450 million in investment in March.
Investors ranked startups that provide social networking applications fit for the safe and decentralized Web3 as the third most preferred category. In 2022, the category generated $259.1 million, accounting for 3.6% of the entire amount spent in Web3.
The necessity for Web3 social network protocols is highlighted by exclusive CryptoSlate articles with Phaver, Aave, and Lens Protocol as well as by projects on the topic from Lens Protocol and Polkadot.
Infrastructure, AR & VR, and AI
Infrastructure, AR&VR, and AI were the final three categories, receiving $200.8 million, $178.6 million, and $136.5 million correspondingly.
Immutable focused on NFT, Improbable focused on the Metaverse, Sky Mavis focused on gaming, and AngelList focused on start-ups all fell under the infrastructure category and made it into the top 10 start-ups that got the most notable financing. Sky Mavis, Improbable, and Immutable each received $150 million in investment, while AngelList and Sky Mavis each received $200 million.
This year, the largest investors were four venture capital companies, with each making over $1 billion in investments.
Paradigm took the top spot among them by investing $2.5 billion in 2022. The business provided funding for 31 initiatives, including Uniswap, Magic Eden, and Optimism.
Paradigm was closely followed by Andreessen Horowitz, who invested a total of $2.2 billion.
Hivemind, the youngest venture capital firm of them all, contributed $1.5 billion in 2022 to number third in the standings, while Binance Labs moved up one spot to take fourth place with a $1 billion investment.