Weekly GameFi Update (Week 21, 27/05/2022 – 02/06/2022)
South Korea invests US$177.1M in metaverse projects. Subway enters the metaverse. Sky Mavis reveals projects in their Builders Program.
Key Takeaways
- South Korea is betting big on the metaverse, investing the equivalent of US$177.1M in various metaverse projects. The move is part of the “Digital New Deal” program which was created to invest in emerging technologies.
- Subway is the newest fast-food giant to enter the metaverse, filing two patents on 17 May. The applications indicate plans for virtual food and beverage, NFTs for loyalty programs, and entertainment services.
- Creators of Axie Infinity, Sky Mavis, have revealed projects that were accepted into its Builders Program – an initiative which allows users to create experiences atop the Axie platform, and keep a significant portion of revenue generated.
Highlights
- Zilliqa releases Unity SDK to increase Web3 interoperability in gaming
- Infinite Arcade and YGG Sea collaborate to bring Web3 gaming to the masses
- Gucci builds a permanent presence on Roblox with Gucci Town
- STEPN to bar move-to-earn for China-based users in July
- Ni No Kuni sequel to feature NFT integration and play-to-earn mechanics
- Metaverse-related phishing attacks become the newest form of high-tech fraud
- L’OFFICIEL and The Sandbox launch various Web3 endeavours
- Chibi Clash raises $3M in private round to build fantasy Web3 gaming universe
- Israel’s first NFT art auctioned as Tiroche Auction House makes metaverse debut
- Elvis On-Chain to host world record breaking Elvis extravaganza
- Miami Swim Week to use Web3 tech at festival
- Curzio research pays US$5M for metaverse land
- Mark Zuckerberg predicts more metaverse pain after spending US$10B in 2021
Game Updates
- Axie Infinity: Origin patch, including balance and UI improvements
- Axie Infinity is testing their new referral program
- Thetan Arena launches server in Africa
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$746K.
* 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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