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
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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.


Game Updates

Top Gainers and Losers

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*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV

Top Games Metrics

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* 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

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Source: CoinGecko, Crypto.com Research

Daily Gamers by Blockchain

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