By Michael Scott
Nasdaq research portrays the bearish crypto market as a builder window leveraged by leading companies. The recent data analysis by Nasdaq demonstrates increased appetite by investors to support late-stage projects instead of committing resources to early-stage startups.
The Nasdaq report credits Animoca Brands with entrenching this preference through a series of investments targeting late-stage startups in the metaverse ecosystem.
Metaverse Emergence in 2022
The analysis of 2022 data shows investors’ preference for Web3 technologies, especially metaverse-oriented projects.
Nasdaq review of 2022 data shows the completion of 216 funding projects within the metaverse ecosystem. The project approximated $ 2 billion in total funding. The data indicate that support-based services dominated the funding pool being the primary ingredients for building. The trend arose from the demand for metaverse experiences whose building involves content creators, artificial intelligence developers, digital architects and game designers.
Animoca Brands Dominance Evidence in the Funding
Animoca Brands emerged as the dominant force within the metaverse ecosystem development as it completed most projects. It closed 15 metaverse deals that received $564M in funding. Nasdaq research referred to the recent announcement of Animoca’s plan to initiate billion-dollar funding targeting metaverse-oriented developers.
The Nasdaq report notes that investors were attracted to the larger metaverse projects. The preference for the larger platforms is set to offer sprouting opportunities for smaller yet niche metaverse projects. Nasdaq researchers observed that emerging niche opportunities would favor projects founded on open-metaverse plans.
The report projects avatar firms and support services based on artificial intelligence will attract considerable investments in the future. Nonetheless, expanding the open metaverse platforms will influence the subsequent development phases, particularly those integrating improved economic models and optimized usability of GameFi.
Metaverse Set for Increased Popularity
Nasdaq dismissed claims that aggravated market turmoil witnessed in 2022 will strangle metaverse-based projects. Instead, the report credits the 12-month window of metaverse breakthrough, just as nonfungible tokens (NFTs) dominated 2021. Such is evident in metaverse ranking second in the Oxford dictionary’s work reviews.
The Nasdaq report acknowledges the existence of metaverse and NFTs before realizing their booms. Similar to NFT in 2021, the report shows that metaverse projects attracted developers, consumers and investors in 2022.
In addition, the project undertaken in 2022 portrays the metaverse as bound to become a critical facilitator of NFT’s long-term success. The report echoed recent survey findings where curiosity draws consumers to metaverse platforms as they explore how it will influence the digital experience.