GameFi News: Uptober! Gaming Tokens Explode, Play Solana Launches Token Airdrop
The GameFi sector’s market cap climbed 8% to $18.2 billion, but trading volume took a knock.
- Gaming tokens rally as Uptober kicks off in high gear.
- AlphaTON wants to acquire GAMEE.
- The Sandbox launches SANDChain.
The trenches are all smiles as top gaming tokens printed green candles, with Moon Tropica (CAH) pulling a clean +100% in seven days.
- Animoca Brands and Nasdaq-listed AlphaTON Capital are eyeing a 51% stake in GAMEE along with its GMEE and WAT tokens. I spoke with co-founder Yat Siu at a Token2049 side event, where he remained bullish on gaming long term.
If the deal closes, AlphaTON will also scoop up $3M worth of GMEE and $1M of WAT from the open market, boosting its digital asset play. This move could position GAMEE as the first Nasdaq-listed Web3 gaming company.
- Addicted dropped its game currency token $WEED, and it blazed past a $70M market cap in under 24 hours. A degen sniper quickly turned $15K into $727K, earning a 48x ROI.
And that’s only scratching the surface. Let’s unpack this week’s latest GameFi developments.
The GameFi sector’s market cap climbed 8% to $18.2 billion, but trading volume took a knock.
The Altcoin Season Index dropped from 71 to 66 as Bitcoin dominance rebounded to 58%.
Top Gainers
Top Decliners
GameFi closed the week in the green, moving slightly upward from 13th to 11th position on DeFiLlama’s narrative tracker.
Unity Bug Alert
Sandbox Goes Layer-2
We caught up with founder Sebastien Borget at Korea Blockchain Week, where he promised a slew of new developments coming in.
THORWallet Levels Up
Eternal League on Pause
What You Can Do Now
- Track macro events to stay ahead of market shifts
- Follow Play Solana to learn how to qualify for the $PLAY airdrop
- Secure your assets by updating crypto wallets against vulnerabilities in Android-based Web3 games
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
Source link
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
Share this article:










