Many leading figures and companies in the industry have called this ongoing crypto bear market a builder’s market. As per Nasdaq, investors followed this mindset and continued pouring money into Web3, particularly metaverse-related projects. Animoca Brands, a major metaverse ecosystem developer, has closed most of the metaverse deals over the last year, with 15 closed deals. In addition, the company received over $564 million in funding in 2022.