Category: News, NFT News

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 market is feeling the “Uptober” energy as heavyweights hit new milestones. Bitcoin topped $121,000 for the first time since mid-August, while Ethereum flexed a three-week high.
BNB smashed a new all-time high record. Are we so back?

The trenches are all smiles as top gaming tokens printed green candles, with Moon Tropica (CAH) pulling a clean +100% in seven days.

This week, the GameFi sector was spicy.
  • 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.

The launch lines up with the PSG1 handheld console shipping on Oct. 6 and the $PLAY token debuting on Oct. 13. XP quests are already running on PlayDex to stack rewards ahead of the airdrop.
  • 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

A Unity engine flaw could let hackers slip code into Android games and drain connected crypto wallets. Unity is quietly rolling out fixes and a patching tool, with public guidance expected next week.
This comes in addition to a Seedify bridge hack, which dumped the SFUND token by 99%.

Sandbox Goes Layer-2

The Sandbox, a social gaming platform, is launching SANDChain, a ZK-powered Ethereum L2 built to give creators full control of their content, earnings, and communities.

We caught up with founder Sebastien Borget at Korea Blockchain Week, where he promised a slew of new developments coming in.

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THORWallet Levels Up

THORWallet is spicing up DeFi with gamified raffles, letting active users join free prize pools and win rewards while keeping the community engaged.

Eternal League on Pause

Another Web3 game bites the dust. Eternal League is halting development after missing funding, but players can keep grinding, with servers staying live until the end of 2025.

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

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