The blockchain gaming space is exploding, and attracting massive investments. There are still many companies raising very positive, large funding rounds in 2024 and early 2025. Investors are taking the plunge into all types of games and gaming platforms. This trend demonstrates their enthusiasm for blockchain technology and its ability to deliver more rewarding gaming experiences. This continued influx of capital will lead to the innovation, development speed, and player reach that all blockchain-based games are racing to attain.
Several notable funding events have recently occurred. Sorare announced $50 million in Series A funding. At the same time, NEOM had announced a similar strategic partnership with Animoca Brands, investing $50 million in Animoca through its NEOM Investment Fund. Blockade Games raised $5 million at a $23 million valuation, and Play AI raised $4.3 million in seed funding. In the midst of this success, Style Protocol announced their completion of a $2.5 million seed round. Cross The Ages raised $12 million in a seed funding round led by Animoca and Ubisoft. They trumped that success with a further $10 million raised by way of a token sale open exclusively to existing investors. Together with the Series B funding, which closed at $75 million in July, Mythical Games won an additional $20 million investment from Scytale Digital. Vermillion recently closed a $7 million round of funding for its free-to-play social party game, Forgotten Playland. At the same time, Pixion Games raised $5.5 million to complete and launch its networked multiplayer mobile RPG, Fableborne. Technically speaking, Sky Mavis raised $860,000 during a strategic sale of its newly created AXS governance token. Tarta Labs raised a stellar $4.5 million in a pre-seed round led by Bitkraft. At the same time, Revolving Games has received even more investment from Pantera Capital. Gaming development studio Horizon Blockchain Games today announced a $40 million Series A funding round.
Our friend at Blockchaingamer.biz has a continually-updated list of companies that have invested in blockchain-based game companies. In 2024, these investments jumped to a stunning $1 billion. The site has an interactive look at the trends in what investments have looked like over the last several years.
"Regularly updated, this is a list of every investment into blockchain game companies." - [blockchaingamer.biz]
So far in 2023, total investments have reached $1.7 billion compared to a record high of $5.3 billion in 2022. Those numbers in 2021 and 2020 were $4 billion and $88 million, respectively. Comparing the same time period in 2025 with past years, total investments to date are only $225 million, but projected year-end totals reached as high as $440 million.
Sorare’s successful Series A funding round highlights the growing levels of investor confidence in blockchain-based fantasy sports platforms. The funding will likely be used to expand Sorare's partnerships with sports leagues and clubs, enhance its platform features, and attract new users.
NEOM’s new strategic partnership with Animoca Brands represents a major step by the sprawling, Saudi Arabia-based futuristic city project into the Web3 sphere. The $50 million investment is powering the development of immersive blockchain-based entertainment and gaming experiences within NEOM. It’s an effort to attract a new generation of residents and visitors to the region.
Blockade Games’ recent success in raising funding demonstrates the increasing traction that its blockchain-based games have started to achieve. These games often have super cool gameplay mechanics and fresh tokenomic models. According to the company, the capital will be used to expand on popular titles already in development and research new game ideas.
Play AI’s seed funding will help its team continue fulfilling its mission to create unique and immersive gaming experiences powered by AI technology. With AI as the backbone of this evolution, the company hopes to ensure that gameplay is always more epic, immersive and tailored to the players. Launcher Capital has previously shared their enthusiasm for the AI gaming landscape and Play AI’s opportunities.
Style Protocol's $2.5 million seed round will enable the company to continue developing its platform for digital fashion and virtual avatars. The shared platform will continue to give creators and users alike the tools to showcase who they are in the metaverse.
Cross The Ages has already raised significant seed funding, with Animoca and Ubisoft leading the round. This support underscores their robust conviction of the game’s ambitious vision for a decentralized gaming ecosystem. The partnership welcomes corporate funding through the token sale. This cash will allow us to accelerate development on our main flagship game and continue to foster an amazing community.
Mythical Games recently wrapped up its Series B funding round. The strategic investment from Scytale Digital further exemplifies the growing demand for its platform, which empowers studios to create and launch innovative blockchain-based games. The company’s emphasis on developing truly player-owned economies and giving power to their creators has struck a chord with investors.
Vermillion, Inc., has closed a $7 million round of private financing. This investment will gas the creation of Forgotten Playland, a free-to-play social party game specifically designed to create a distinctive and compelling experience that players will love. Running with the theme of social interaction and community building, these new features should lure in a larger audience to the game.
Funding for the pixionary creators Pixion Games has raised $5.5 million in Series A financing. This investment will help the studio complete and release Fableborne, a groundbreaking mobile RPG focused on strategy and storytelling. The game's potential to compete with traditional PC and console RPGs has attracted significant investor interest, according to Azra Games.
"I believe the 4th generation of mobile RPGs is competing with PC and console RPGs, featuring open worlds, over-the-shoulder camera perspectives, real-time battles, and extended PvE campaigns." - [Azra Games]
Sky Mavis’ recent strategic token sale of its AXS governance token deepens this commitment with decidedly positive implications for its decentralization and community governance. The money raised will go towards the continued development of the Axie Infinity ecosystem and its surrounding community.
"$660,000 worth of APRS tokens, after which the sale among Ronin’s community members starts on 15th March." - [Axie Infinity]
Specifically, Tarta Labs’ pre-seed funding will help fuel its mission to build fun and epic blockchain gaming infrastructure and tools. The company’s goal is to reduce the barrier to entry for developers who want to innovate and build on the next iteration of technology that is blockchain.
Revolving Games' continued funding from Pantera Capital demonstrates the investor's confidence in the company's vision for creating engaging and sustainable blockchain games. Beyond continuing to improve Clash of Streamers, the funding will go towards expanding its team and speeding up the development of its other forthcoming titles.
Horizon Blockchain Games just completed Series A funding! This investment will enable them to accelerate the development of their Sequence platform, which aims to simplify developing and deploying blockchain-based games and apps. The firm’s emphasis on user experience and developer tools should continue to lead to strong adoption of its platform.
Uplandme has closed an extra $7 million of its series A funding round. That adds the total funding close to $25 million and speaks volumes of the demand for its metaverse platform. This will support future development and expansion of “The Citadel” in Upland.
"The Citadel” has raised an additional $7 million to its series A funding round, bringing the total funding to $25 million." - [Uplandme]
