In the first 6 months of 2022, Turkish gaming startups have become the first in Europe in the gaming industry, receiving $333 million in investments. Rifat Tellioğlu, Director of Communications at Game Factory, states that investments in blockchain and metaverse initiatives in Turkey have reached $20 million and will grow further in the coming periods.

The semi-annual Turkey 2022 investment report was published in 2022. According to the report, $333 million was invested in Turkish gaming startups in the first half of 2022, making Turkey’s gaming industry the most invested country in Europe. After Turkey, the United Kingdom is in second place with $158 million, and Norway is in third place with $60 million.

Investment in the gaming industry in the first half of 2021

Turkey’s gaming industry received $266 million in investments in 2021. In the first half of this year, it received $333 million in assets, exceeding last year’s figure for 6 months. Thus, the Turkish game industry renewed its record and became the first in Europe.

Interest in blockchain gaming is on the rise

Although investment in the gaming industry declined in quantity in the first half of this year, investment surpassed the 2021 total. I expect the Turkish gaming industry, which received $333 million in investments in 6 months, to end the year with at least $500 million. In addition, investments in blockchain and meta-village initiatives in Turkey reached $20 million in the year’s first half. We will see more blockchain games receive investments in the coming periods.

Rifat Tellioğlu, Director of Communications at Game Factory

In the first half of 2022, a total of $1.4 billion was invested in Turkey’s entrepreneurial world. The gaming industry received $333 million of that investment. In 2021, a quarter of all investments made in Turkey in the first half went to the gaming industry. Turkey ranked first in Europe for investment in the gaming industry and fourth in Europe for investment in the overall entrepreneurial ecosystem.

Every day, an average of $7.78 million was invested in Turkish entrepreneurs

Turkey’s startup ecosystem received $1.4 billion in investments in the first half of this year. Getir, receiving $768 million in investments, led the food and grocery delivery sector to the top. The delivery sector was followed by the gambling sector. Thus, investments in the gaming sector were four times higher than total investments in the e-commerce and finance sectors.

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