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Web3 Startups Raised $7.1B in 2022: Epic Games Leads the Way

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• Web3 startups raised $7.1B in funding during 2022, with Gaming, Metaverse, and Social Networks being the top three investment categories.
• Gaming collected the largest amount at $4.49 billion, followed by Metaverse with $1.8 billion and Social Networks with $259.1 million.
• Epic Games collected the most significant investment in 2022, raising $2 billion in funding from Sony and LEGO owner KIRKBI.

In 2022, investment into Web3 startups reached a staggering $7.1 billion, a significant increase from the previous year. This money was spread across a variety of categories, with Gaming, Metaverse, and Social Networks being the most popular.

Within the Gaming category, $4.49 billion was raised, accounting for 62.5% of the total investment into Web3 startups. Epic Games was the largest beneficiary, receiving a staggering $2 billion in funding from Sony and LEGO owner KIRKBI. This investment allowed the company to close the year at a valuation of $31.5 billion.

Metaverse was the second most popular category, attracting $1.82 billion in investment. This accounted for 25.4% of the total amount invested into Web3 startups in 2022. Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), was the second largest recipient of investment in this category.

Social Networks was the third most popular category, with $259.1 million being invested. This accounted for 3.6% of the total investment into Web3 startups. While this was lower than the other two categories, this was still a significant amount of investment.

Overall, investment into Web3 startups in 2022 was significantly higher than in previous years, with Gaming, Metaverse, and Social Networks being the most popular categories. Epic Games was the largest beneficiary of this investment, raising $2 billion from Sony and LEGO owner KIRKBI, allowing the company to close the year at a valuation of $31.5 billion. This investment was followed by Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), who raised a significant amount of money in the Metaverse category.