This GameFi Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Last week was a bad week for the market in general and the GameFi market in particular. Let’s take a look at on-chain data and some important news with Coincu.
Network Growth
Weekly Number of Games by Chain
Due to the dismal general market, gamefi tends to cool down and saturate with a significant number of games. As a result, there was no notable growth in the previous week. According to Footprint statistics, the overall game is 1534, with the BNB chain accounting for 1.7 percent of the growth from last week.
Total transactions
This week, The total transactions are 161,170,974 transactions with an average daily transaction of 23,024,424 transactions. Down approximately 5.17% from last week, with the average number of daily transactions in week 23 being 24,280,580 transactions. When the market is sideways, trading becomes less attractive.
Gamer trends
From Jun 13rd to 19th, there were about 581,000 unique users, a decrease of about 2.7% from the number of unique users last week. This index is low and tends to decrease further. And the number of new users increased by more 1.15% with 66,420 users.
Top 15 Largest Tokens by Market Cap
Highlight Events
Tatsumeeko Secures $7.5M Seed Round to Bring Metaverse Gaming to Discord
Tatsumeeko has announced the successful completion of a $7.5 million seed round co-led by DeFiance Capital, Delphi Ventures and BITKRAFT Ventures. The MMORPG-Lite cross-platform blockchain game is available on both Ethereum and Solana blockchains. Tatsu.GG the organization behind the game plans to use the funding to bring metaverse gaming to Discord.
Other venture capital firms participating in the fundraising included Binance Labs, Animoca Brands, Dialectic and GuilldFi. The team plans to accelerate the development of Tasumeeko with the new funding. The company has now raised $8.1 million in two rounds. Tatsu.GG is a cross-gaming platform created for the gamification of Discord communities. It currently claims to have amassed 60 million users and 1.4 million Discord communities since its launch in 2016.
For more information: click here
Gaming DAO Merit Circle, YGG ‘Terminate Relationship’
Members of Merit Circle voted to terminate their relationship with Yield Guild Games (YGG), buying out the guild’s 175,000 USDC ($175,000) investment in the play-to-earn gaming decentralized autonomous organization (DAO) for 1.75 million USDC. “Collaboratively, Merit Circle Ltd and Yield Guild Games came to an agreement,” YGG wrote in a Medium post. “The proposed solution terminates the formal relationship between the Merit Circle DAO and Yield Guild Games. This space would not be where it is today without Yield Guild Games, and not without the Merit Circle DAO.”
In May, the two play-to-earn scholarship giants were caught in a governance strife as members of the Merit Circle DAO said YGG was not adding enough value as an investor and proposed “refunding” the investment. For its part, YGG said the investment, which closed last October, never required anything more than a capital infusion.
For more information: click here
Immutable launches $500M fund to boost web3 gaming adoption
Immutable, an Australia-based web3 gaming firm, launched an inaugural $500 million developer and venture investment fund, Robbie Ferguson, president and co-founder of Immutable, exclusively told TechCrunch. The capital will be used to fund projects building web3 games and NFT-focused companies on its layer-2 Ethereum-focused platform, Immutable X.
Immutable’s main goal is to enable the next generation of web3 gaming at scale, Ferguson said. Gaming developers and IP holders already building on its platform include GameStop, TikTok, OpenSea and Illuvium, to name a few.
“We see gaming being one of the biggest opportunities in web3 to have ever existed,” he said. “The total addressable market is going to be enormous and much bigger than what gaming is today — a $100 billion industry for in-game items alone.”
For more information: click here
Solana-built move-to-earn protocol Walken to launch on Bybit June 20th
Walken Gamifies simple daily activities, such as walking and running, to promote a healthy lifestyle and rewards users for being physically active on a daily basis. In the Walken ecosystem, it pays to maintain a fit lifestyle where steps and exercises recorded on your Apple HealthKit or Android Health-enabled smart watches and devices can be converted into real value.
How it works:
- Each Walken user has a character called CAThlete, with steps converted into GEMs, the in-game currency. One thousand steps equal one GEM, which is used to improve a CAThlete’s speed, strength, and stamina.
- The launch of Walken’s in-game token WLKN on Bybit Launchpad 2.0 provides users with the opportunity to earn cryptocurrency through the allocation.
- In the game, WLKN is gained in competitions and can be used to upgrade a CAThlete’s level or equip them with items from the Marketplace for extra stats points and boost their chance to win more competitions.
For more information: click here
GameFi Updates
Axie Infinity: Origin Early Access Mobile Release!
Axie Infinity has taken one step closer to our full global launch which will include token rewards, crafting NFT runes/charms, and the first Origin leaderboard season with AXS prizes. The timing of the global launch will depend on the feedback we receive over the coming months.
What’s new:
- We’ve upgraded 16 aspects of the player interface. Details: Origin UI Improvements
- Bloodmoon will now start during round 15.
- All status and rune effects will activate simultaneously. This will make matches faster-paced.
- We’ve added a “Full HD Graphic” option in Settings.
For more information: click here
Metamon team to use transaction fees to buy back metamons
The founder team is taking measures to restrict the supply of Metamon:
- Using transaction fees within the Metamon game to buyback Metamons on the marketplace.
- Transaction fees in Metamon World are denominated in u-RACA, which has an exchange rate of 1:1 with RACA tokens through deposits. However, since it is not currently possible to withdraw u-RACA, the Dev team would therefore need to borrow RACA for the buybacks.
- The borrowed RACA will be covered with u-RACA when the withdrawal function comes online shortly.
For more information: click here
The CyberArena update
This team has changed the number of decks of cards from 12 to 20 and competed PVP in CA with an 8-player tournament bracket! Besides, the income claim button will be available every Friday. In the future, you can claim immediately.
For more information: click here
Verdict
Above is the important information in the past week on the GameFi. Crypto winter has arrived, it’s also time to purge projects. Good projects stay and bad projects go. Everything is just beginning.
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected]
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Ares
Coincu Ventures
