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Crypto and NFT Gaming Space Overview
The landscape of crypto and NFT gaming is currently experiencing a surge in activity, with notable games being released, token airdrops accumulating, and various developments occurring constantly. This dynamic environment can be overwhelming to navigate, but fear not – Decrypt’s GG is diligently tracking these movements. For a concise update on the latest occurrences in crypto video games, we are pleased to introduce This Week in Crypto Games. Our weekly recap presents the significant news from the past week, along with additional insights you might have overlooked. Furthermore, we present select original features from our recent coverage.
Major Developments
Evolving Parallel Project: The team responsible for the acclaimed Parallel NFT card game on Ethereum and Base has unveiled an extensive whitepaper for Colony, an AI-powered “survival simulation.” Notably, Colony will operate on the Solana blockchain, introducing player-owned AI “agents” that interact autonomously in a 3D environment, potentially disregarding player commands. This ambitious endeavor has sparked enthusiasm, evident in the 33% surge of Parallel’s PRIME token on Ethereum, reaching a new all-time high last Sunday.
Market Fluctuations: Following a notable surge in gaming token values over the previous weekend, the market has since exhibited corrections and moderated price movements. This trend is observable across various gaming tokens, as indicated by CoinGecko’s GameFi category data. Despite this, Ethereum gaming network Ronin experienced a significant price increase for its RON token, attaining a record high after over two years.
Continued Airdrop Activities: Game developers continue to engage in token airdrops, enticing players to participate and earn rewards. Noteworthy initiations include BlockGames (BLOCK), which has garnered substantial attention on social media, and Upland’s meta-gaming projects featuring an Ethereum token launch campaign. Additionally, the forthcoming Solana hero shooter Nyan Heroes is generating anticipation through an airdrop initiative preceding its Epic Games Store early access debut later this month. DappRadar’s February report acknowledged the role of play-to-airdrop events in a 20% rise in active gaming wallets last month.
MapleStory Transitions to AVAX: Nexon, the renowned South Korean gaming company, recently disclosed plans to utilize the Avalanche blockchain instead of Ethereum’s Polygon for its MapleStory Universe games. This strategic shift introduces the iconic MapleStory franchise to the crypto gaming sphere via a dedicated Avalanche subnet.
Noteworthy Highlights
- We received a preview of the “Ready Player One” influenced Readyverse last week, showcased in a trailer for “OPEN,” a battle royale shooter concept within the platform.
- The Ethereum mech shooter, MetalCore, is slated to launch its open beta on Immutable zkEVM in May, coinciding with a potential token release. Studio369 secured $5 million in fresh funding to support the game’s launch.
- Approximately $250 million worth of major gaming tokens, including Pixels (PIXEL), ApeCoin (APE), PRIME, and Immutable (IMX), are set to be unlocked by the end of March.
- Mobile NFT shooter, MadWorld, initiated registrations for its early access phase, while developer Carbonated announced an $11 million funding round.
- Activision Blizzard encountered a Twitter account breach to promote an unofficial ATVI meme token, attracting minimal trading activity.
- The viral Telegram clicker game, Notcoin, launched a campaign offering 100,000 Toncoin (equivalent to over $400,000) along with substantial in-game rewards.
- Aptos Labs introduced the GameStack development suite, simplifying the creation of crypto games on Aptos with Google Cloud support.
- The Polkadot network team announced an integration with the Unity game engine via a software development kit, alongside plans for a game jam/hackathon in collaboration with the Blockchain Gaming Alliance.
- The Ronin network terminated its partnership with ACT Games, signaling that Zoids Wild Arena and other ACT IP will not deploy on the Ethereum scaler.
Editor’s Selections
Lastly, we highlight several compelling original stories from our recent coverage that offer valuable insights and engaging narratives for your weekend reading pleasure. Stay informed and entertained with our diverse content selection.
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