Key Takeaways

In its Q1 earnings report, Square Enix revealed that they plan on heavily investing in Web3 gaming, including implementing NFTs in more of their games and issuance of their own tokens. The gaming giant sold the rights to Tomb Raider, among other titles earlier this month to make way for the sweeping changes.
In their latest annual corporate strategy meeting, Sony announced their intention to dive into the metaverse. The electronics giant plans on using the Playstation brand to “create new experiences in the area of the metaverse”.
a16z has announced a US$600M Web3 gaming fund, named “GAMES FUND ONE”. The initiative will go towards gaming studios and other companies building infrastructure for Web3 titles.
The total market cap for GameFi tokens now stands at US$35.47 billion, down -1.48% from last week.

Highlights

Game Updates

Top Gainers and Losers

Top Games Metrics

Top 15 Largest Tokens by Market Cap

Daily Gamers by Blockchain

27 May 2022|MARKET UPDATES

Weekly GameFi Update (Week 20, 20/05/2022 – 26/05/2022)

Square Enix to heavily invest in Web3 gaming after selling Tomb Raider franchise. Sony dives into the Metaverse using the Playstation platform.

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