NFTs & Gaming Venture Funding Trends in 2024

NFTs and GameFi faced another challenging year in 2024, continuing the prolonged market downturn that began in previous years. Projects in these segments experienced continued declines in total sales volume, transaction counts and average floor prices. 

GameFi, in particular, saw notable changes, with projects that have found relative success this year being ones that pivoted away from the speculative “play-to-earn” models that had dominated in years prior. Meanwhile, the Ronin network was also a positive exception, showcasing impressive network metrics during the first half of the year.