Week in GameFi: Animoca Tweaks MicroStrategy Playbook for Web3 Gaming
GameFi is experiencing a mini-bloodbath with the recent market correction, though some projects like Baby Doge Coin and SuperVerse just do not care.
- Bitcoin struggles to break ATH
- GameFi corrects alongside overall market
- Baby Doge Coin and SuperVerse defy negative trend
- Ronin opens its ecosystem to permissionless access
- Animoca Brands has a similar approach to Microstrategy
Top Gainers:
Top Decliners:
- Alliance Games’ UAW soars by 89.15% while their migration to Chromia’s Asgard Upgrade testnet is underway.
- MatchQuest rises by 23.1% and their $20,000 treasure hunt goes live.
Immutable Releases Perpetual Rewards
They are planning to launch in January 2025. The system allows players to exchange earned gems for weekly rewards, focusing on sustained engagement rather than one-time incentives.
Final Salvation Available in Limited Launch
Mythical Games Dominate
MYTH enables transactions in the Mythical Marketplace for assets like NFL players, soccer stars, and digital collectibles. The token’s rise is tied to consistent daily trading volumes exceeding $30 million.
OverTrip on Epic Games Store
Pixels Unveils Guild Wars
The event builds on the success of the first Guild Wars, which saw more PIXEL burned than distributed. With over 8 million players, Pixels has grown significantly since migrating to Ronin in late 2023.
- Focus on quality over hype: look out for games that 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 all the latest developments on the Sui chain.
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