TOTHEMOON is gearing up for its next phase, the Waxing Gibbous mint, set to take place on Dec. 16 at 7:00 p.m. (UTC).
The Waxing Gibbous mint
This latest phase of collectible NFTs will introduce 5,300 digital assets, categorized into 5,000 Moon Creatures, 200 Moon Trainers, and 100 Moon Babies. Each NFT will be available for 5 GAS, purchasable using the Neon, NeoLine, or OneGate wallet on the official mint page.
Characters from the new collection will be unveiled 48 hours before the mint begins.
For current holders, the launch carries an additional incentive: phase 4 Cryptonaut NFTs will be distributed via a 1:1 airdrop to all phase 3 Cryptonaut holders.
TTM airdrops
The team is linking the release of the Phase 4 NFTs with new TTM token rewards. Each collected NFT that remains in a wallet throughout Cycle 1 of the roadmap will qualify for three distinct airdrops.
These token rewards scale with the rarity of the NFTs: Moon Creatures and Cryptonauts will each receive 3,000 TTM tokens across three drops, Moon Trainers will net 15,000 TTM tokens, and Moon Babies will earn the largest sum at 30,000 tokens.
TTM serves as the utility token for the TOTHEMOON universe, facilitating Moon plot auctions and sales, governance voting, and staking for Infrastructure Deed NFTs.
Seven Day Giveaway
On Dec. 9, the TOTHEMOON team began the 7 Day Waxing Gibbous Giveaway Event to commemorate the upcoming mint. Each day, at approximately 7:00 p.m. (UTC), the team will select an event winner to receive a special prize.
Winners will be selected from participants that engage with the team’s Twitter content. To qualify, participants need to follow TOTHEMOON, like and repost teaser posts featuring the Waxing Gibbous collection, and leave thoughtful comments while tagging friends and using relevant hashtags.
Qubetics Presale Hits $5.4M with 703.5% ROI Opportunity | Cardano Struggles | Immutable X Revolutionizes Web3 Gaming
The blockchain and crypto space is abuzz with transformative developments that promise to reshape industries and redefine investor opportunities. Qubetics, a groundbreaking blockchain ecosystem, is making headlines with innovative features like decentralised VPNs and staggering ROI potential from its presale. Meanwhile, Cardano is battling market headwinds, and Immutable X is redefining Web3 gaming with an innovative rewards system. Let’s dive deep into how these three players are leaving their mark on the blockchain landscape.
Qubetics: A New Era of Internet Privacy with Decentralized VPN
The Qubetics Network is making waves in the blockchain ecosystem with its bold vision for decentralised infrastructure. Among its standout features is the introduction of a decentralised VPN (dVPN), poised to transform internet privacy and security.
dVPN: Redefining Privacy and Freedom
Unlike traditional VPN services, which often suffer from centralisation and potential data vulnerabilities, Qubetics’ dVPN leverages blockchain technology to deliver unparalleled transparency, privacy, and censorship resistance. Key features include:
Decentralised Architecture: Operates on a peer-to-peer network with no central authority, ensuring no single point of control or failure.
Tokenised Incentives: Bandwidth providers are rewarded with TICS tokens, creating a robust bandwidth-sharing marketplace.
Enhanced Security: Multi-hop routing and end-to-end encryption ensure secure and anonymous access to the internet.
Presale Phase 12: Numbers That Excite Investors
Qubetics is currently in Presale Phase 12, offering a rare opportunity for early adopters. The presale comes with incredible benefits:
$TICS token price: $0.031 per token.
Funds raised: Over $5.4 million.
Tokens sold: 303 million, supported by a growing community of 8,300+ holders.
Post-presale target: $0.25 per token, offering a 703.5% ROI for investors in the current phase.
Astounding ROI Potential
Analysts predict Qubetics tokens could reach $10 to $15 post-mainnet launch. If these predictions hold, the potential returns for early investors are staggering:
At $10/token: An ROI of 32,028.61%.
At $15/token: An ROI of 48,092.91%.
For example, a $100 investment today at $0.031 per token would yield 3,212.86 $TICS tokens, potentially growing to over $48,000 if the token reaches $15.
Qubetics isn’t just offering a token; it’s creating a revolutionary ecosystem that merges privacy, blockchain, and financial opportunity.
Cardano: Battling Market Headwinds
Once celebrated as a robust blockchain network, Cardano faces market challenges. On Monday, it traded at $1.0589, marking a 10.07% drop in a single day—the largest one-day percentage loss since December 9.
Market Overview
Market Cap: Dropped to $37.903 billion, or 1.08% of the total cryptocurrency market cap. This sharply contrasts its peak market cap of $94.800 billion.
Trading Range: In the last 24 hours, Cardano traded between $1.0568 and $1.1933. Over the past seven days, it ranged between $1.0568 and $1.3251, reflecting a 10.65% decline in value.
Volume: Cardano’s 24-hour trading volume stood at $2.016 billion, accounting for 0.84% of the total cryptocurrency trading volume.
Cardano is still down 65.83% from its all-time high of $3.10 on September 2, 2021. While these numbers may concern short-term investors, Cardano’s long-term potential in scalability and smart contract development remains a significant factor in its recovery prospects.
Immutable X: Redefining Web3 Gaming with Gems
Immutable X (IMX) is at the forefront of Web3 gaming, and its latest initiative, Gems, is creating waves in the gaming community. Immutable X is introducing continuous rewards to enhance player engagement and sustain vibrant gaming ecosystems as part of its Main Quest program.
Gems: A New Reward Paradigm
Gems are at the heart of Immutable’s gaming ecosystem, offering players dynamic and perpetual rewards:
Daily Quests: Players earn Gems by completing daily tasks and participating in events across key titles like Pool Masters, Space Nation, Blade of God, and more.
Global Launch of RavenQuest Phase 3: This anticipated release will introduce deeper quests and more opportunities for players to earn and exchange Gems for weekly rewards.
Evolving Rewards System
No More Daily Bonus Gems: Immutable X moves towards dynamic and variable daily rewards, encouraging genuine game engagement.
Perpetual Rewards: Launching early next year, perpetual rewards will allow players to exchange Gems for weekly rewards, adding long-term value to player contributions.
This initiative underscores Immutable X’s commitment to creating a sustainable and engaging gaming ecosystem, making it a standout in the Web3 gaming space.
Conclusion: The Blockchain Future is Here
From Qubetics’ groundbreaking dVPN and presale frenzy to Cardano’s market struggles and Immutable X’s gaming innovations, these developments highlight the transformative power of blockchain technology. Whether you’re an investor, developer, or gaming enthusiast, staying informed about these trends is key to thriving in the fast-evolving world of crypto.
As Qubetics pushes the boundaries of privacy, Immutable X redefines gaming, and Cardano continues its journey, the blockchain industry is poised for a future filled with innovation, growth, and opportunity.
For More Information:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Indian Web3 wallet app Okto will be collaborating with Indian esports and fan engagement platform Stan, enabling its users to experience the benefits of Web3. By integrating the Okto SDK, Stan has allowed users greater control over their in-game assets with new opportunities for participation and monetisation.
As the Web3 gaming industry is moving towards a projected US$100 billion valuation by 2030, Okto’s solutions let gamers and developers alike to open up new avenues for monetisation.
“Okto proved to be the perfect partner by providing Stan with the most efficient way to onboard users to Web3 seamlessly via Okto SDK. This was achieved without adding any additional development or infrastructure overheads for integrating Web3 features, making the transition both effortless and cost-effective. From a gamer’s perspective, managing assets across multiple platforms and dealing with constant redirects was a major hassle.” said Stan co-founder and CEO Parth Chadha.
He further mentioned, “By integrating the Okto embedded wallet, we’ve simplified the entire process, allowing gamers to engage with decentralized applications seamlessly. This integration enables them to manage their digital assets across ecosystems with a single wallet, offering a smoother, more flexible experience and a significant improvement in user experience. With the Okto SDK, we aim to accelerate the widespread adoption of Web3 and ultimately reach a user base of one billion.”
“We’re thrilled to see how the Okto SDK has been successfully addressing our partners’ challenges. We congratulate Stan on taking this step toward a more engaging and empowering experience for their users.The Okto Web3 SDK streamlines the integration process for apps and internet companies, enabling seamless Web3 adoption in just days. This marks the beginning of a transition towards a more decentralized, interoperable, transparent, and self-custodial internet,” Okto DeFi (Decentralized Finance) initiatives head Rohit Jain.
The integration of the Okto Wallet via the SDK has made it easier for gamers to engage with Web3 features. Okto’s SDK simplifies Web3 onboarding by allowing gamers to sign up using a mobile number or email—making the process as easy as using any traditional app. This enables gamers to enjoy Web3 features effortlessly without the complexities of blockchain technology.
The Okto embedded wallet SDK streamlines Web3 integration for apps and internet companies, enabling seamless setup in minutes by a single developer—tasks that traditionally required weeks and a team. For developers and product builders, the SDK drastically reduces development time, enabling the creation of Web3 products up to 10 times faster than conventional methods. This blend of simplicity and efficiency is driving innovation and transforming the Web3 experience. It unlocks opportunities across finance, gaming, social media, and the creator economy. Users can create Web3 wallets within familiar apps, transact without redirection, securely self-custody assets, and access the interoperable Web3 ecosystem effortlessly.
The current evolution in this ongoing transformation is Web3 gaming, which leverages blockchain technology to create a new experience. Web3 gaming offers the gaming and esports industry enhanced ownership, transparency, and new economic opportunities for both players and developers.
Okto is a multi-chain DeFi app that offers a keyless, self-custody wallet. It focuses on simplifying the world of decentralized finance by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets.
The gaming world is rapidly evolving, with millions of gamers demanding Web3 features that offer true ownership, transparency, and exciting new economic models within their favorite games. Okto, a leading Web3 wallet app with 8 million users, is at the forefront of this revolution. Okto’s recent collaboration with Stan, India’s premier esports and fan engagement platform, has enabled over 7 million gamers to seamlessly experience the benefits of Web3. By integrating the Okto SDK, Stan has transformed its platform, empowering users with greater control over their in-game assets and unlocking new opportunities for participation and monetization.
As the Web3 gaming industry explodes towards a projected $100 billion valuation by 2030, Okto’s innovative solutions are paving the way for a future where gamers and developers alike can fully embrace the potential of this exciting new frontier.
The seamless integration of the Okto Wallet via the SDK has made it easier than ever for gamers to engage with Web3 features. Okto’s SDK simplifies Web3 onboarding by allowing gamers to sign up using a mobile number or email—making the process as easy as using any traditional app. This enables gamers to enjoy Web3 features effortlessly, often without even realizing they are interacting with blockchain technology.
The Okto embedded wallet SDK streamlines Web3 integration for apps and internet companies, enabling seamless setup in minutes by a single developer—tasks that traditionally required weeks and a team. For developers and product builders, the SDK drastically reduces development time, enabling the creation of Web3 products up to 10 times faster than conventional methods. This blend of simplicity and efficiency is driving innovation and transforming the Web3 experience. It unlocks opportunities across finance, gaming, social media, and the creator economy. Users can create Web3 wallets within familiar apps, transact without redirection, securely self-custody assets, and access the interoperable Web3 ecosystem effortlessly.
The gaming industry has consistently led the way in adopting cutting-edge technologies, constantly exploring new frontiers. The current evolution in this ongoing transformation is Web3 gaming, which leverages blockchain technology to create a whole new experience. Web3 gaming is poised to revolutionize the industry by offering enhanced ownership, transparency, and new economic opportunities for both players and developers, changing the way games are played and built.
Parth Chadha, Co-Founder and CEO of Stan, said, “Okto proved to be the perfect partner by providing Stan with the most efficient way to onboard users to Web3 seamlessly via Okto SDK. This was achieved without adding any additional development or infrastructure overheads for integrating Web3 features, making the transition both effortless and cost-effective. From a gamer’s perspective, managing assets across multiple platforms and dealing with constant redirects was a major hassle. By integrating the Okto embedded wallet, we’ve simplified the entire process, allowing gamers to engage with decentralized applications seamlessly. This integration enables them to manage their digital assets across ecosystems with a single wallet, offering a smoother, more flexible experience and a significant improvement in user experience.”
Rohit Jain, Head of Defi initiatives, Okto, said, “We’re thrilled to see how the Okto SDK has been successfully addressing our partners’ challenges. We congratulate Stan on taking this step toward a more engaging and empowering experience for their users.The Okto Web3 SDK streamlines the integration process for apps and internet companies, enabling seamless Web3 adoption in just days. This marks the beginning of a transition towards a more decentralized, interoperable, transparent, and self-custodial internet.”
Rohit further added, “As we move forward, we anticipate a significant number of users experiencing the full potential of Web3. We invite more gaming and other consumer apps to unlock web3 features for their users. With the Okto SDK, we aim to accelerate the widespread adoption of Web3 and ultimately reach a user base of 1 billion.”
Okto’s technology powers Stan by managing wallet services, Web3 infrastructure, token and NFT minting, and transfer capabilities, while offering customized solutions tailored to Stan’s unique needs. This collaboration highlights the immense potential of Web3 to reshape the digital gaming and fan engagement landscape.
About Okto: Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets.
With support for multiple chains and access to over 100 protocols, Okto offers a seamless experience for users to participate in various DeFi activities.This innovative super app offers an array of exclusive features, including the Quest Centre for curated quests and exclusive airdrops, a New Tokens Hub for fast access to the latest tokens and crypto, opportunities to earn passive income, and the ability to collect NFTs representing meaningful moments and experiences.
Okto is backed by investors such as Steadview, BCap, Coinbase Ventures , Pantera, Bain Capital Ventures, among others.
About Okto SDK: The Okto SDK equips developers with a powerful chain abstraction toolkit, enabling them to streamline the development of consumer applications in a familiar manner. This results in user experiences similar to Web2 applications while significantly enhancing overall performance. Our plug-and-play SDK solution allows for customization based on your unique build needs.
The SDK abstracts complexities, providing the simplicity of Web2 not just for users, but for developers as well. With single-click buy, sell, and bridge functionality, the Okto SDK empowers you to build intuitive applications that truly connect with users.
About Stan STAN is a community based engagement platform having the largest gaming community in Asia with over 5M gamers onboarded. STAN’s goal is to create an ecosystem for the gamers where every victory matters, where rewards are more than just tokens – they’re the embodiment of dedication and prowess, and these gamers find a sense of belongingness.
Prominent Telegram crypto game Tomarket has started the process of rolling out its TOMA token on The Open Network (TON). It’s almost time for players to reap what they have sown in the tomato-themed game, as the token is set to start trading soon.
Tomarket has split its airdrop into at least three events. One already took place on October 31, but users could not withdraw or trade their tokens—this was more akin to revealing token allocations ahead of the airdrop. This is set to happen again ahead of the token listing date of December 20, and at least once more after the fact.
In total, 80% of the entire token allocation will be gifted to players during the airdrop. Of this, 30% was revealed on October 31, another 30% is set to be revealed before the listing, and 17% will be airdropped at another undefined time—with a final 3% for “Early Adopter Rewards.”
Those who have received tokens, will be able to transfer and trade their tokens once the token is listed on December 20.
However, not all of the 50 million players will get a share of the bounty. Here’s a primer on who is set to receive TOMA tokens on Tomarket, how you’ll claim the tokens, and what to expect in the future.
Who’s eligible for the airdrop?
Tomarket has set various tasks that players must complete before earning a share of the TOMA airdrop. These are the tasks that were finalized before the initial October 30 cutoff:
As of this writing, it appears that another step will be added to the list, but that’s all that Tomarket has revealed so far. Note that the airdrop-boosting premium medal, which costs approximately $5 worth of TON or Telegram Stars, is an optional step and not required to claim tokens.
Tomarket said that it will give out 80% of the entire token allocation during the airdrop, and by the token listing, 60% will have already been sent to players. It is unclear when the remaining 20% will be sent.
Equally, it has not been confirmed how many tokens have been generated. Decrypt also inquired about this detail and will update the story if we hear back.
What do I need to do to claim it?
Based on what’s been shared so far, it appears that eligible players will be able to claim the tokens within the Tomarket mini app on Telegram and then decide whether to withdraw them to a wallet. It should be pretty straightforward.
Note that while the premium medal is optional to take part in the airdrop, messaging around the feature suggests that only medal buyers will have their full TOMA allocation unlocked at launch.
Medal owners were promised to get “100% tokens when we list,” which means that non-buyers may only have a portion of tokens unlocked from the start, with a remaining portion set to vest over time.
Hamster Kombat, for example, let players claim and withdraw 88.75% of their allocation, with the remaining tokens vesting for 10 months—until July 2025, presumably. That game, however, which attracted some 300 million total players, did not sell an item that lets buyers claim the full share of tokens right from the outset.
What happens after the airdrop?
Tomarket has teased plans to evolve in some manner following the airdrop, though exactly what’s planned isn’t fully clear just yet.
What we do know is that Tomarket plans to launch a Farming Pool feature, and like other Telegram games like Notcoin and X Empire, Tomarket sees its future in part as providing exposure to upcoming games and projects while giving players special benefits.
The Farming Pool will let TOMA token holders “tap into exclusive projects, maximize your earnings, earn a share of tokens from your referrals, and enjoy hassle-free earning opportunities.” Players who refer new users will gain a 10% share of whatever tokens their referrals generate, according to the post.
Tomarket also teased that the premium medal would provide some kind of booster to an upcoming feature, though it’s currently unclear whether that’s tied to the Farming Pool or some other kind of new feature or service on the horizon.
Editor’s note: This story was originally published on October 31, 2024 and last updated with new details on December 6.
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Bitcoin broke its all-time high (ATH) and finally cut through $100,000 like a hot knife through butter as Trump appointed Paul Atkins to head the U.S. Securities and Exchange Commission(SEC).
Bitcoin smashes $100K as new head of SEC is seen as pro-crypto
GameFi is on a moon mission
Dino season is underway with The Sandbox and Gala performing well
Off The Grid joins Xbox Game Preview
Illuvium and G-SHOCK launch an NFT collection
Bitcoin broke its all-time high (ATH) and finally cut through $100,000 like a hot knife through butter as Trump appointed Paul Atkins to head the U.S. Securities and Exchange Commission (SEC), a nomination viewed favorably by the crypto industry. What a time to be alive!
We should not forget, however, that Gary Gensler used to be pro-crypto as well—he even taught blockchain classes. So let’s not get too optimistic too soon.
Some heavyweights are back in Web3 gaming news this week, like Illuvium and G-SHOCK, and Off The Grid joining Xbox. Slowly, then all at once!
GameFi is on fire as the overall Web3 gaming market cap soared by 22%, from just under $26 billion to almost $32 billion over the last seven days.
Now that, ladies and gentlemen, is what we call an up-only chart.
The yearly ATH is not that far away. We are so back!
According to DeFiLlama’s Narrative Tracker, GameFi was only ranked eighth this week but still outperformed the crypto majors, Bitcoin, Ethereum and Solana. This could be as investors start to look further up the risk curve. High risk, high reward.
Web3 gaming OG dino coins like The Sandbox, Decentraland, Immutable and Gala continue to shine as dino season is underway across the crypto market. All of the top 20 Gamefi tokens, except WEMIX, are up in the last seven days.
Top Gainers:
Top Decliners:
It’s not only Web3 games that struggle to survive; even AAA traditional games get rekt.
Age of Dino’s UAW soars 41.32% as the Dinosaur Squad emerges as Earth’s last hope for survival.
World or Dypians surges by 32.35 while they reach 600,000 subscribers on YouTube.
SERAPH: In The Darkness is up 26.79% as the world’s first high-quality Web3 dark ARPG loot game.
Wild Forest rises 17.59% on the way to their Token Generation Event (TGE).
The Treasure Ship game does well with 7.75%. It’s a play-to-earn game where strategy meets rewards.
Pixels is up 0.72% as they partner with Kaidro. Now you’ll be able to use your Kaidro Pilot NFTs as skins in @pixels_online.
A free mint for 10,000 dynamic Niji Warrior ID NFTs launches on Dec. 11, 2024, offering perks like voting power, exclusive content, customizable NFTs, and VIP rewards.
Hosted on Magic Eden, the mint aims to enhance community-driven gaming while making blockchain gaming accessible. NFTs will reveal their traits between Dec. 16 and 20.
Illuvium and G-Shock
Illuvium has partnered with G-SHOCK to launch a collection of Illuvitars with G-SHOCK-inspired designs. From Dec. 9-22, fans can buy D1SK NFTs, and purchasing 20+ earns a physical Illuvium-themed G-SHOCK watch.
This collaboration bridges Illuvium’s NFT universe with real-world collectibles, while G-SHOCK explores blockchain tech. Meanwhile, Illuvium’s Arena and Overworld received gameplay updates and balance tweaks in recent patches.
Xai Unveils Tiny Sentry Keys
The XAI Foundation has introduced Tiny Sentry Keys, a new addition to its Sentry Key ecosystem for blockchain gaming. These keys offer access to rewards, perks and community engagement across XAI’s 12 active games and 2,000+ projects in development.
With over 9 million connected wallets and 1 billion transactions, XAI is solidifying its role as a major player in Web3 gaming.
Additionally, a 3-million Sentry Key airdrop for current holders reflects XAI’s commitment to rewarding its community.
Portal Launches Hub and Wallet
Portal made the headlines with its PORTAL token launch earlier this year and is now launching its Portal Wallet and Portal Hub. The wallet supports 20 EVM chains, aiming to address interoperability challenges in Web3 gaming.
The Portal Hub plans to curate over 200 games. While the token peaked with a $561.6M market cap, it has since declined to $70M.
Open Season Burns
OpenSeason, a Fortnite-style crypto game, hosted a 12-hour competition promising $350K in Ethereum-based tokens but burned the rewards instead, calling it a stunt to mock expectations for free money and flawed tokenomics.
Developers plan to burn 82% of their FU Money tokens, aiming to fix over-allocation issues and boost the token’s appeal. Chaos erupted in their Discord, but the devs found the reactions “funny” and were unapologetic about alienating community members.
A consolation NFT (“Shitty Bean”) will be issued to participants, with more huge token burns coming soon.
Focus on quality over hype: look out for games people play for fun rather than just to earn.
Check for real utility and in-game integration: projects where tokens and NFTs have multiple use cases within the game such as staking, upgrades, and crafting, tend to be more sustainable.
Evaluate team experience and transparency: teams with a proven track record in gaming or blockchain are more likely to deliver.
Assess community activity and growth: high player retention and active communities (Discord, Twitter, Reddit) show that a game can attract and keep players.
Check out the games and studios VCs are investing in to catch 2025’s gaming trends early.
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.
Bitcoin broke its all-time high (ATH) and finally cut through $100,000 like a hot knife through butter as Trump appointed Paul Atkins to head the U.S. Securities and Exchange Commission(SEC).
Bitcoin smashes $100K as new head of SEC is seen as pro-crypto
GameFi is on a moon mission
Dino season is underway with The Sandbox and Gala performing well
Off The Grid joins Xbox Game Preview
Illuvium and G-SHOCK launch an NFT collection
Bitcoin broke its all-time high (ATH) and finally cut through $100,000 like a hot knife through butter as Trump appointed Paul Atkins to head the U.S. Securities and Exchange Commission (SEC), a nomination viewed favorably by the crypto industry. What a time to be alive!
We should not forget, however, that Gary Gensler used to be pro-crypto as well—he even taught blockchain classes. So let’s not get too optimistic too soon.
Some heavyweights are back in Web3 gaming news this week, like Illuvium and G-SHOCK, and Off The Grid joining Xbox. Slowly, then all at once!
GameFi is on fire as the overall Web3 gaming market cap soared by 22%, from just under $26 billion to almost $32 billion over the last seven days.
Now that, ladies and gentlemen, is what we call an up-only chart.
The yearly ATH is not that far away. We are so back!
According to DeFiLlama’s Narrative Tracker, GameFi was only ranked eighth this week but still outperformed the crypto majors, Bitcoin, Ethereum and Solana. This could be as investors start to look further up the risk curve. High risk, high reward.
Web3 gaming OG dino coins like The Sandbox, Decentraland, Immutable and Gala continue to shine as dino season is underway across the crypto market. All of the top 20 Gamefi tokens, except WEMIX, are up in the last seven days.
Top Gainers:
Top Decliners:
It’s not only Web3 games that struggle to survive; even AAA traditional games get rekt.
Age of Dino’s UAW soars 41.32% as the Dinosaur Squad emerges as Earth’s last hope for survival.
World or Dypians surges by 32.35 while they reach 600,000 subscribers on YouTube.
SERAPH: In The Darkness is up 26.79% as the world’s first high-quality Web3 dark ARPG loot game.
Wild Forest rises 17.59% on the way to their Token Generation Event (TGE).
The Treasure Ship game does well with 7.75%. It’s a play-to-earn game where strategy meets rewards.
Pixels is up 0.72% as they partner with Kaidro. Now you’ll be able to use your Kaidro Pilot NFTs as skins in @pixels_online.
A free mint for 10,000 dynamic Niji Warrior ID NFTs launches on Dec. 11, 2024, offering perks like voting power, exclusive content, customizable NFTs, and VIP rewards.
Hosted on Magic Eden, the mint aims to enhance community-driven gaming while making blockchain gaming accessible. NFTs will reveal their traits between Dec. 16 and 20.
Illuvium and G-Shock
Illuvium has partnered with G-SHOCK to launch a collection of Illuvitars with G-SHOCK-inspired designs. From Dec. 9-22, fans can buy D1SK NFTs, and purchasing 20+ earns a physical Illuvium-themed G-SHOCK watch.
This collaboration bridges Illuvium’s NFT universe with real-world collectibles, while G-SHOCK explores blockchain tech. Meanwhile, Illuvium’s Arena and Overworld received gameplay updates and balance tweaks in recent patches.
Xai Unveils Tiny Sentry Keys
The XAI Foundation has introduced Tiny Sentry Keys, a new addition to its Sentry Key ecosystem for blockchain gaming. These keys offer access to rewards, perks and community engagement across XAI’s 12 active games and 2,000+ projects in development.
With over 9 million connected wallets and 1 billion transactions, XAI is solidifying its role as a major player in Web3 gaming.
Additionally, a 3-million Sentry Key airdrop for current holders reflects XAI’s commitment to rewarding its community.
Portal Launches Hub and Wallet
Portal made the headlines with its PORTAL token launch earlier this year and is now launching its Portal Wallet and Portal Hub. The wallet supports 20 EVM chains, aiming to address interoperability challenges in Web3 gaming.
The Portal Hub plans to curate over 200 games. While the token peaked with a $561.6M market cap, it has since declined to $70M.
Open Season Burns
OpenSeason, a Fortnite-style crypto game, hosted a 12-hour competition promising $350K in Ethereum-based tokens but burned the rewards instead, calling it a stunt to mock expectations for free money and flawed tokenomics.
Developers plan to burn 82% of their FU Money tokens, aiming to fix over-allocation issues and boost the token’s appeal. Chaos erupted in their Discord, but the devs found the reactions “funny” and were unapologetic about alienating community members.
A consolation NFT (“Shitty Bean”) will be issued to participants, with more huge token burns coming soon.
Focus on quality over hype: look out for games people play for fun rather than just to earn.
Check for real utility and in-game integration: projects where tokens and NFTs have multiple use cases within the game such as staking, upgrades, and crafting, tend to be more sustainable.
Evaluate team experience and transparency: teams with a proven track record in gaming or blockchain are more likely to deliver.
Assess community activity and growth: high player retention and active communities (Discord, Twitter, Reddit) show that a game can attract and keep players.
Check out the games and studios VCs are investing in to catch 2025’s gaming trends early.
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.
Onchain data reveals that loans against Runes accounted for 57% of Liquidium’s daily volume, contributing 12 BTC, while Ordinals accounted for the remaining 43%, contributing 9 BTC.
These numbers reflect a year-long upward trend for Liquidium, which has facilitated over 63,000 loans totaling more than 3,378 BTC. Runes dominate the platform, comprising over half of all collateral.
Liquidium enables users to borrow Bitcoin against assets like Runes, Ordinals, Inscriptions, and BRC-20 tokens. Its non-custodial model employs Discreet Log Contracts (DLC) for secure escrow, ensuring that lenders’ returns are protected, even in default cases.
The rise in Liquidium’s activity mirrors Bitcoin’s increasing mainstream adoption. Analysts point to BTC’s price rally above $100,000 and the introduction of spot Bitcoin exchange-traded funds (ETFs) as key factors driving institutional interest in the ecosystem.
Additionally, market sentiment has dramatically improved with expectations of crypto-friendly regulations under a Donald Trump-led US administration, fueling optimism for broader industry growth.
Moreover, the platform’s native LIQUIDIUM token is also enjoying an uptrend, according to CoinMarketCap data, which has pushed its value up over 25% during the past week.
New features
Looking ahead, Liquidium is set to launch features designed to streamline user experience. A new instant loans feature will allow borrowers to access funds without requiring lender countersignatures, simplifying the process for loans of any size.
The upcoming Custom Loan V2 upgrade will introduce a gallery-like interface, enabling borrowers and lenders to create and customize loan offers.
This shift from the traditional model — where only lenders could initiate offers — will make the platform more dynamic and accessible. The intuitive design promises an engaging experience where users can explore loan opportunities as effortlessly as browsing a curated collection.
Liquidium’s consistent growth and planned advancements position it as a key player in the expanding Bitcoin DeFi ecosystem.
BENGALURU: Gaming and esports company Nazara on Wednesday announced its entry into the Web3 space, via a letter of intent it signed with Singapore-based Lysto. Lysto, a Web3 game infrastructure startup, will help Nazara build a ‘The Growth Protocol,’ a Layer 1 (L1) infrastructure layer for digital marketing and growth applications on the blockchain. A L1 blockchain is the base layer of a decentralised cryptocurrency network that is responsible for the fundamental functions of a blockchain. Examples of it include Bitcoin, Ethereum, Solana and Cardano. With an aim to shake up the digital marketing landscape, The Growth Protocol proposes to bring in greater transparency, equity, and monetary benefits to all participants in the Web3 marketing ecosystem. The Growth Protocol made its public debut at India Blockchain Week in Bengaluru on Wednesday. Alongside a private testnet launch, the team released a proof-of-concept loyalty dApp for game marketing, showcasing the practical application of Web3 technology in the gaming industry. Further to the collaboration, Nazara is also expected to release games in Web3, expanding from its hold in Web2 game development. As per findings shared by blockchain technology investor Hashed Emergent at the same conference, India’s gaming industry is to reach $9.2 billion over the next five years with Web3 gaming emerging as a key contributor driven by higher average revenue per user. Web3 gamer’s annual spend was found to be double that of Web2 gamers with a significantly higher proportion of gamers (38%) spending over $500 annually, the findings added. On an average, Web2 gamers spent $120 annually, whereas the Web3 counterpart spent $220.
ChainPlay reported today that 93% of GameFi projects (the fusion of gaming and decentralized finance, or Web3 games) are dead.
But that doesn’t mean that the industry is kaput. Rather, a more complex narrative shows a rollercoaster of growth and setbacks that are common to over-hyped startup/finance bubbles.
GameFi was the hottest trend during the 2022 crypto bull run, attracting billions of dollars of investment and money poured into speculative tokens. We’re in a similar bull run now with Bitcoin rising above $100,000 per coin.
However, the reality of its sustainability tells a much more shocking story, said ChainPlay. In a collaboration with Storible, the team analyzed over 3,200 GameFi projects to reveal the true picture of the GameFi field.
Key Insights and methodology
The study shows that 93% of GameFi projects are dead. On average, GameFi projects have dropped 95% from their all-time high prices. GameFi projects last only four months on average. And 58% of VCs who invested in GameFi lost between 2.5% and 99%.
ChainPlay analyzed a total of 3,279 projects in its database. It decided a project is deemed “dead” if its price has declined by over 90% from its all-time high (ATH) price and if it has fewer than 100 daily active users. Price information is sourced from Dune Analytics, while user data is obtained from DappRadar.
The creation date of a project’s token and the date it began to meet the aforementioned criteria determine its lifespan. The return on investment for venture capital, and annual fundraising data is derived from ChainPlay’s internal database, which is curated from multiple sources such as CryptoRank, ChainBroker. The data was collected in November 2024.
GameFi’s current state
The GameFi sector is marked by a high rate of failure, ChainPlay said. On average, 316 new projects launch each year, but 262 projects disappear, indicating that a significant number struggle to stay afloat for more than a few months.
The 93% failure rate reveals the brutal reality of GameFi—the majority of projects simply do not make it, highlighting the immense challenges in keeping investors and players engaged. Short-lived ventures and dashed hopes now plague what was once the darling of the 2022 bull run, ChainPlay said.
About 88% of projects saw a token price drop of over 90% from their all-time highs (ATH). This steep decline emphasizes the volatility and speculative nature of the sector, painting a dire picture of how far the hype has fallen.
On average, token prices of GameFi projects have declined by 95% from ATH. This significant decline reflects the overall failure of the sector. The initial excitement quickly turned into disappointment for most investors and participants, ChainPlay said.
The average lifespan of a GameFi project is just four months. This shockingly short-lived existence underscores the immense difficulties in building sustainable gaming ecosystems in such a speculative environment. Compared to other crypto projects, such as memecoins with an average lifespan of one year and typical crypto projects with an average lifespan of three years, GameFi projects have an even shorter lifespan, highlighting their heightened instability and inability to sustain momentum. This makes GameFi one of the riskiest and most transient areas of the crypto world, ChainPlay said.
ChainPlay said these statistics paint a grim picture of the GameFi world, where projects often fall short of delivering the long-term experiences that players and investors crave. The hottest trend of 2022 has quickly turned into a harsh reminder of the speculative risks inherent in this space, ChainPlay said.
Profitability insights
While GameFi’s high failure rate is undeniable, profitability metrics reveal two distinct realities for retail investors and venture capitalists (VCs).
Retail investors in initial decentralized offerings (IDOs) have managed an average profit of 15%, according to ChainBroker. However, risks associated with IDOs for retail investors include locked tokens, which can limit their ability to sell and realize profits, especially during periods of high token value.
Given that so many GameFi projects have gone defunct and prices have dropped by 95% from ATHs, the average 15% profit might not be enough to cover these risks, particularly when locked tokens become illiquid assets amidst plummeting values. For many, the aspiration of achieving financial success with GameFi has transformed into a terrifying reality due to the illiquid assets and rapidly declining values, ChainPlay said.
Venture capital returns
Top returns for GameFi VCs.
For VCs, the returns have been more polarized. Average VC profits are at 66%, suggesting that strategic bets can pay off despite broader market difficulties, ChainPlay said.
And 42% of VCs are profitable, with returns ranging from 0.05% to 1950%. However, 58% of VCs suffer losses ranging from -2.5% to -98.8%.
The top-performing VCs include Alameda Research: 713.15% ROI; Jump Capital: 519.11% ROI; Delphi Digital: 490.50% ROI; Binance Labs: 338.52% ROI; and 3Commas: 267.29% ROI. These top performers are also top-tier backers of the crypto market. This suggests that careful VC investments can still yield profits, ChainPlay said.
On the flip side, Golden Shovel Capital (-97.4% ROI) and Infinity Capital (-97.1% ROI) are the worst performers, ChainPlay said. The volatility that once promised immense upside potential has now proven to be a double-edged sword, cutting down many who dared to believe in the hype.
GameFi’s future
GameFi investments by year.
The hype surrounding GameFi has cooled, but there are still signs of enduring interest. Investment patterns reflect a more selective approach as the sector matures, ChainPlay said.
Fundraising trends are below peaks but still strong. In 2024, venture capital funding for GameFi projects totaled $859 million, reflecting a 13% decrease from 2023 and a significant 84.6% drop from the 2022 peak of $5.56 billion. This decline indicates a more cautious investment approach, with a focus on high-potential projects, ChainPlay said.
In 2024 so far, the GameFi sector has seen 221 fundraising rounds, marking a 44% increase from the previous year. However, this number remains far below the 358 rounds recorded in 2022, indicating a tempered enthusiasm compared to the peak of the 2022 crypto bull run. This trend suggests that while interest in GameFi persists, investors are adopting a more selective approach, focusing on projects with higher potential, ChainPlay said.
Conclusion
While the GameFi bubble has deflated, VCs continue to place strategic bets on promising projects. Success in the coming years will likely depend on delivering solid gameplay experiences and building lasting, value-driven ecosystems, ChainPlay said. It’s worth noting that numerous projects now have millions of players, from Pirate Nation to Hamster Kombat on Telegram.
Compared to other crypto projects, which have an average lifespan of three years, GameFi’s evolution from speculative hype to sustainable growth will require significant improvements to extend the life cycle of its projects and retain both players and investors, ChainPlay said.
GameFi’s path to maturity remains uncertain but promising—the sector must evolve beyond the fleeting excitement of 2022 if it hopes to build something lasting and meaningful.
VB Daily
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