For several years before the COVID-19 pandemic, esports was one of the most funded segments of the gaming industry. However, now the situation has changed.
According to Michael Metzger from Drake Star, in January-September 2022, companies related to esports were able to attract only 33 investments totaling $310 million.
Many investors who used to actively invest in esports now prefer to finance blockchain games. For clarity: blockchain firms in January-September 2022 received almost 11 times more from investors than esports companies — $3.4 billion.