HodlX Guest Post Submit Your Post
You may think that venture capitalists only invest in low-risk projects with a long history and a proven track record. The statement, “They would never invest in NFT games or metaverse initiatives,” no longer holds true.
According to DappRadar’s most recent BGA Games Report, venture capital investment in NFT games has reached $1.3 billion though this is not yet a final result. But what makes NFT (non-fungible tokens) games worth billions of dollars?
In this article, I’ll discuss five reasons why venture capital firms believe in the industry’s future.
They conducted research
To begin with, even though venture funds have significant potential resources, it’s a mistake to believe they’re willing to back unrealistic or too risky ideas. Profits are the primary goal of venture funds, as they are in any business.
So, if they invest in NFT gaming initiatives, their long-term polls, interviews and research have proven that this concept can bring them money. They used these tools to forecast how the demand for NFT gaming would evolve over time.
According to BlueWeave, a reputable consulting firm, the global NFT market has the potential to grow at an impressive CAGR (compound annual growth rate) of 23.9% between 2022 and 2028, reaching a market size of $19.57 billion.
At the same time, ultra-optimistic reports, such as one from Verified Market Research, predict that the market will reach $231 billion by 2030. It is…
