Weekly GameFi Update (Week 17, 29/04/2022 – 05/05/2022)
The Otherside Metaverse land sale took place bringing in an astonishing US$320M. Square Enix makes moves to transition further into blockchain-based gaming.
Key Takeaways
- On Saturday, the Otherside metaverse land sale took place, raising almost US$320M — one of the largest NFT mints to date. The sale guzzled $166M worth of gas fees and crashed popular blockchain explorer Etherscan.
- Square Enix has sold a number of its games and game studios, including Tomb Raider. The $300M deal will aid its transition into blockchain-based games.
- Spotify is entering the metaverse, announcing a virtual presence called ‘Spotify Island’ on Roblox. Players can create music, interact with artists, and go on mini-quests.
- The total market cap for GameFi tokens now stands at US$40.94 billion, down -7.96% from last week.
Highlights
- Ronin Network to increase validator nodes to 21, introduce $1M bug bounty and audits to prevent the next DeFi hack
- Animoca Brands’ GAMEE partners with Man City to launch football-themed P2E games
- Dior premieres 2022 men’s fashion on Baidu metaverse
- Italy’s Serie A brings soccer to the metaverse
- Gatorade trademark applications hint at joining the metaverse
- Shiba Inu can now be used to purchase land in SHIB’s Metaverse
Game Updates
- Axie Infinity releases an overview of how Land Staking will work
- Axie Infinity: Origin early access is live
- The Sandbox reopens Central Town
- STEPN enters Public Beta Phase IV
- DeFi Kingdoms releases development update for April
Top Gainers and Losers
*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
* 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 Splinterland data is approx US$434K.
* Splinterlands, Alien Worlds, MOBOX, Bomb Crypto, Axie Infinity, DeFi Kingdoms, Pegaxy, X World Games data from DappRadar
Top 15 Largest Tokens by Market Cap
Daily Gamers by Blockchain
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