Key Takeaways

• On Tuesday, Cronos launched the Cronos Accelerator Program for DeFi and GameFi startups, funded by the US$100M Cronos Labs Ecosystem Fund. Developers can apply for the 10-week startup program and receive investments of $100,000 to $300,000, including additional funds for audits, node services, and gas fees.

• In a big step toward bringing GameFi to the masses, Epic Games is listing their first blockchain game named Grit—a wild west-based Battle Royale—and will be accessible to 194 million users.

• Despite the ongoing bear market, Ethereum-based NFT RPG Illuvium has managed to sell almost 20,000 digital land plots worth over US$72M, in a sale that ended on Sunday. The game is set to launch later this year. 

• The total market cap for GameFi tokens now stands at US$9.41 billion, down -5.28%from last week.

Highlights

• The Red Village announces US$6.5M seed round led by Animoca Brands and GameFi Ventures Fund

• NYX Cosmetics will launch Sandbox NFT avatars

• STEPN's new anti-cheat is flagging users as bots

• Jadu raises US$36M to bolster development of AR NFT game

• Alien Samurai Dino Warriors take arcade gaming to The Sandbox

• The NFL is launching the league's first ever blockchain video game

• Animoca Brands reveals US$1.5B crypto and blockchain gaming AUM

• Tommy Hilfiger unveils immersive community space on Roblox

• Budweiser’s Clydesdales zoom into Ethereum NFT racing game Zed Run

• Animoca acquires Notre Game with plans to develop 'Scratch Lords'

• Solana Ventures sets up US$100M fund for GameFi and DeFi in South Korea

• ‘Father’ of the metaverse Neal Stephenson launching metaverse blockchain

• The Thunderbirds take international rescue to the metaverse

• Meta accelerates metaverse strategy with the launch of Crayta on Facebook Gaming

• Givenchy joins the metaverse craze with a beauty house on Roblox

Game Updates

• Big Town Chef's genesis NFTs are live and free to mint

• Illuvium is developing a 'flee' mechanic

• Torum introduces clans

• Scramble launches PvP

Top Gainers and Losers

*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV

Top Games Metrics

* Week-on-Week (WoW) % change is calculated based on the differences between two consecutive 7-day periods
* Users refer to the number of unique wallet addresses interacting with the dApp's smart contracts
* Weekly Volume refers to the total amount of incoming value to the dApp's smart contracts during the 7-day period
* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the 7-day period
* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.
* Weekly volume using Splinterlands data is approx US$429K.
* Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data from DappRadar

Top 15 Largest Tokens by Market Cap

Source: CoinGecko, Crypto.com Research

Daily Gamers by Blockchain

Thank you for reading! We hope you find our Weekly GameFi Update enlightening!

Hungry for more? Visit our Research Hub and University to access other insightful crypto research! 

Share with a friend if you like our email!

Share