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.

May 06, 2022
Header Banner Gamefi

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

Game Updates

Top Gainers and Losers

Image 3
*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

Image 4
* 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 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

Image 5
Source: CoinGecko, Crypto.com Research

Daily Gamers by Blockchain

Tags

crypto

crypto research

Crypto.com research

cryptocurrencies

GameFi

Market

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens