8 months 4 weeks ago
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Digital Development Management (DDM) released its regular report on games industry investments, mergers, and acquisitions today, with the second quarter showing across-the-board declines from a first quarter that was already the worst in more than four years.
Investments were down 34% to $676 million, even though the number of deals tracked was only down 14% to 127. Blockchain gaming investments were particularly hard hit.
"As if the prolonged crypto winter wasn't softening blockchain investments enough, the SEC clamping down on blockchain regulation caused investments to plummet even further to $243 million across 45 investments," DDM said in its report.