Investors are continuing to pour money into metaverse projects, with nearly half of this year’s VC investments going to the sector.

According to a new report from DappRadar, venture capital firms invested $707M into metaverse projects in the first half of 2023, accounting for 44% of all web3 investments.

“The industry continues to attract significant investments… this continuous funding and development hint towards an exciting future in the metaverse space,” DappRadar said.

The report also predicts the growing augmented reality/virtual reality (AR/VR) sector could provide a boost to the metaverse sector, noting that metaverse tokens SAND and MANA rose roughly 5% when Apple launched its Vision Pro headset on June 5.


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