Weekly GameFi Update (Week 22, 03/06/2022 - 09/06/2022)
Cronos launches Cronos Accelerator Program. EpicGames lists their first blockchain game. Illuviumio sells US$72M worth of virtual land.
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
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
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
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
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
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