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The Growing Landscape of Crypto and NFT Gaming
The realm of crypto and NFT gaming has been experiencing a surge in activity, marked by the release of prominent games, the distribution of token airdrops, and a continuous stream of developments. This dynamic environment can be overwhelming to keep up with, but fear not, as Decrypt’s GG is diligently monitoring these trends. For those seeking a comprehensive overview of the latest happenings in crypto video games, we are delighted to present This Week in Crypto Games, a curated collection of the most significant news from the past week, along with some noteworthy details that may have flown under your radar. Additionally, we feature select original narratives penned by our team throughout the week.
Key Highlights
Delay of Notcoin Token: Fans of the popular Telegram-based game Notcoin were met with disappointment as the project announced a delay in the release of its token via The Open Network (TON), which was initially scheduled to coincide with the Bitcoin halving on April 20. While this setback may have dashed hopes temporarily, the team assured Decrypt’s GG that it is merely a minor hiccup as they strive to finalize all necessary arrangements.
The success of Notcoin, boasting over 35 million players engaging in the clicker game where users tap on a coin image to earn in-game coins, marked the end of the “mining phase” on April 1. The conversion of in-game coins to NOT tokens is anticipated, with the game set to reemerge with a fresh incentive structure following the token minting process.
Tumultuous Times for Gaming Tokens: The crypto market witnessed turbulence in recent weeks, with gaming tokens bearing the brunt of the downturn. Several notable gaming tokens plummeted by over 30%, including Pixels and Portal, with some hitting record lows. However, a glimmer of hope emerged as top gaming tokens such as Gala Games (GALA), Beam (BEAM), The Sandbox (SAND), and ApeCoin (APE) have staged a remarkable recovery, posting double-digit gains over the past week according to CoinGecko.
Saga’s Generous Airdrop: Saga initiated a massive airdrop campaign involving collaboration with over 100 projects across various blockchains, including Ethereum, Solana, and Avalanche. Partnering with games like Shrapnel, The Sandbox, and Wilder World, Saga offers token and NFT bundles to stakeholders who lock up their SAGA tokens. The campaign, characterized by a Dragon Ball Z-themed vault structure housing multiple projects, promises an array of rewards in the coming months.
Ragnarok on Ronin: In an exciting development, the esteemed Ragnarok Online gaming franchise is poised to debut on the Ethereum blockchain through a collaboration between Gravity and Ronin, a sidechain gaming network. Amassing over 167 million downloads since its inception in 2022, Ragnarok: Monster World introduces a blend of tower defense and monster collection elements, slated for launch on Ronin in the third quarter of 2024.
Noteworthy News You Might Have Missed
- The Machines Arena, an Ethereum-based top-down Overwatch-style shooter, announced its forthcoming open beta launch through the Epic Games Store on Tuesday, April 23, alongside the release of an Android mobile app.
- Yuga Labs, the creator of Bored Ape Yacht Club, divested two gaming intellectual properties to Web3 gaming studio Faraway, redirecting focus toward its metaverse gaming platform Otherside. As part of the transaction, Yuga Labs executed the burning of nearly $1 million worth of HV-MTL NFTs.
- Adidas entered the metaverse arena by unveiling $2,500 Solana NFT sneakers within the move-to-earn game Stepn, marking the inaugural phase of a year-long collaboration slated to introduce additional NFTs and physical merchandise.
- Xai, a layer-3 gaming network, expanded its token staking initiative by launching staking pools, endeavoring to engage a broader audience of players in the ecosystem.
Editor’s Picks
Delve into our featured original stories from the past week that captivated our team:
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