Weekly GameFi Update (Week 20, 20/05/2022 - 26/05/2022)
SquareEnix to heavily invest in Web3 gaming. Sony dives into the metaverse. a16z announces a US$600M Web3 gaming fund.
Key Takeaways
In its Q1 earnings report, Square Enix revealed that they plan on heavily investing in Web3 gaming, including implementing NFTs in more of their games and issuance of their own tokens. The gaming giant sold the rights to Tomb Raider, among other titles earlier this month to make way for the sweeping changes.
In their latest annual corporate strategy meeting, Sony announced their intention to dive into the metaverse. The electronics giant plans on using the Playstation brand to “create new experiences in the area of the metaverse”.
a16z has announced a US$600M Web3 gaming fund, named “GAMES FUND ONE”. The initiative will go towards gaming studios and other companies building infrastructure for Web3 titles.
The total market cap for GameFi tokens now stands at US$35.47 billion, down -1.48% from last week.
Highlights
Saga raises US$6.5M seed round to help build dedicated blockchains for gaming and entertainment
The Smurfs village to debut in the metaverse after partnering with The Sandbox
Pantone partners with Spatial Labs for metaverse wearable hardware product
Apple unofficially targeting the metaverse with mixed reality headset
Metaverse social app BUD raises US$36.8M in Series B funding
World Economic Forum jumps on the metaverse craze with virtual global collaboration village
Boss Cat Rocket Club builds first all-inclusive metaverse on Cardano
NFL and Mythical Games to launch 'play-and-own' NFT game 'NFL Rivals'
Game Updates
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$704K.
* Splinterlands, Alien Worlds, MOBOX, Bomb Crypto, Axie Infinity, DeFi Kingdoms, Pegaxy, X World Games data from DappRadar
Top 15 Largest Tokens by Market Cap
Source: CoinGecko, Crypto.com Research
Daily Gamers by Blockchain
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