SummaryIn a crypto bear market that has seen trillions in digital assets valuations disappear, crypto gaming continues to attract significant early-stage funding.Mobile gaming has grown to be a massive category for traditional gaming and has generated the majority of growth in revenues over the past few years.EV.io generates revenue by selling ad space within the actual game to companies who want to target the EV.io demographic.One question that continues to pop up during the crypto bear market is "How will the next 100 million new crypto users be onboarded?" In our view, crypto gaming answers this question.In a crypto bear market that has seen trillions in digital assets valuations disappear, crypto gaming continues to attract significant early-stage funding. Depending on the report, blockchain gaming raised anywhere from $874 million to $4 billion in 2021.1 As a percentage of funds raised in the crypto ecosystem, gaming has taken a considerable market share in 2022. It seems many early-stage investors agree with the thesis that the next 100 million new crypto users will be onboarded to crypto via leisure activities like gaming.Considering the broader landscape of crypto segments (including DeFi, Infrastructure, Payments), we believe that gaming may present the path of least resistance for two main reasons: The total addressable market ((TAM)) in traditional gaming is massive. According to Newzoo, nearly 3.2 billion people in...
