Nine of the 10 largest investments were in mobile, according to the report, though DDM also noticed “a healthy spring crop of new studios and many early rounds” among the quarter’s many transactions.
“What has been clear is that companies whose gaming projects incorporate play-to-earn mechanics, tokens and/or NFTs continue to drive investments,” the report says. “The varied nature of their deals and offerings of equity, tokens and/or NFTs have changed how gaming companies can raise investments.” Initial Public Offerings, or IPOs were down notably from the previous quarter, “in what feels similar to pre-COVID levels and is an unusual departure from recent quarters,” according to DDM. Two smaller Polish game companies went public, while several far bigger SPAC-based vehicles have yet to be deployed in the sector.
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