A new report from Digital Development Management (DDM) reveals that video game investments during Q3 2022 reached $2.2 billion.
The video games agency notes that the figure represents a decline of 55% year-over-year at a volume of 156 deals.
Blockchain gaming investments totaled 63% of Q3 2022’s value at $1.4 billion.
Meanwhile, total M&A transactions reached $6.5 billion and saw a decrease of 65% year-over-year for the quarter.
The report noted that the sectors that ammassed the most value were console and PC at 72%, esports accounted for 19%, while tech made up 8%.
DDM went on to say mergers and acquisitions figure happened across 66 deals, 56% of the quarter’s value was attributed to Sony’s purchase of Bungie for $3.6 billion.