Weekly GameFi Update (Week 22, 03/06/2022 – 09/06/2022)
Cronos launches Cronos Accelerator Program. Epic Games lists their first blockchain game. Illuvium 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
- NYX Cosmetics will launch Sandbox NFT avatars
- STEPN’s new anti-cheat is flagging users as bots
- Jadu raises US$36M to bolster development of AR NFT game
- 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
- Tommy Hilfiger unveils immersive community space on Roblox
- 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
- The Thunderbirds take international rescue to the metaverse
- 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
- Big Town Chef’s genesis NFTs are live and free to mint
- Illuvium is developing a ‘flee’ mechanic
- Torum introduces clans
- Scramble launches PvP
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 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
Daily Gamers by Blockchain
Share with Friends
Related Articles
GameFi - 2D AGO
NFT & Gaming — 💰 Loaded Lions: Mane City Season 3 started with an initial US$20,000 prize pool; Doodles launched its ecosystem token, DOOD
DeFi - 14 May 2025
DeFi & L1L2 Weekly — 🤝 Dubai and Crypto.com partner on crypto payments for government services; ETH rose over 20% after the Pectra upgrade
Market Pulse - 28 Apr 2025
📉 BTC ve ETH vadeli işlemlerinin borsalardaki açık ilgisi, zirvelerinden bu yana sırasıyla %30 ve %48 düşüş gösterdi; Crypto.com, BAE’de türev ürünler sunmak için sınırlı bir lisans aldı
Ready to start your crypto journey?
Get your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
