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Nearly 40% of NFT and GameFi M&A deals occurred in Q1 and Q2 of 2022

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NFT companies were a big M&A target during first half of the year

The Block20 of the 53 NFT and GameFi M&A deals since 2013 occurred in the first two quarters of 2022.

A record high number of 12 deals in these spaces took place in 2022’s second quarter, despite the NFT market cool down. Companies operating in the non-fungible token market are seeing their presence in crypto deal-making increase, according to data compiled by The Block. Around 38% of merger and acquisitions among non-fungible token and so-called game finance companies occurred over the past two quarters.published by John Dantoni from The Block Research found. The first and second quarters of 2022 saw eight and twelve deals respectively. These 20 deals making it the largest uptick in M&A deals in these industries ever.

The record twelve deals in the second quarter of 2022 occurred during an NFT market cool down, in which

 

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