This GameFi Weekly Recap is provided solely for informational purposes and does not constitute investment advice. People are still depressed and uncertain, and the market is flat with little significant change. Let’s take a look at on-chain data and some important news with Coincu.
This week, The total transactions of Gamefi are 182,960,134 transactions (up +1.68%) with an average daily transaction of 26,137,162 transactions. Increasing trivial from last week, with the average number of daily transactions in week 28 being 25,703,862 transactions when the market is recovering after days of deep decline.
From July 18th to 15th, there were about 561,385 unique users, a decrease of about 1.28% from the number of unique users last week. This index is low and tends to increase further. And the number of new users increased by more than 0.71% with 48,261 users.
Total Users by Game
The top 3 projects this week in terms of the number of participants are Splinterlands (27.24%), StarSharks (6.92%), Bomb Crypto (5.04%).
Top Gainers and Losers
Gamefi Highlight Events
Step-Counter App Sweatcoin Raises $13M to Fund Leap Into Web3
Popular health and fitness app Sweatcoin is making a major transition from its Web2 surroundings into the world of Web3 by expanding its existing “Sweat Economy” ecosystem to offer crypto rewards for user engagement. The leap is also fueled by $13 million in funding backed by several prominent blockchain investors, including Electric Capital, Spartan Capital, Jump, GSR, and the NEAR Foundation. Other participants in the round include high-profile figures such as Polkadot co-founder Bjorn Wagner, Polygon co-founder Sandeep Nailwal, and Vinny Lingham, the founder of Civic.
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Mighty Bear Games Secures $10M Round Led By Framework Ventures
Mighty Bear Games has launched its blockchain gaming campaign with the announcement of its first Web3 game Mighty Action Heroes, scheduled for release later this year. The Singapore-based multi-platform gaming studio on Tuesday announced the successful fundraising of $10 million in a round led by Framework ventures.
The round also attracted participation from Mirana, Sfermion, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Razer, Avocado DAO, DWeb3, and more.
The studio is looking to replicate the same fan and experience offered to its multi-platform gaming community on Web3. The company said it plans to build a series of immersive AAA blockchain games “that are novel, fair and thoughtful.”
Mighty Bear Games will be building play-and-earn games, starting with Mighty Action Heroes, which it describes as “a multiplayer third-person Battle Royale that puts an emphasis on fun, skill, and chaos.”.
South Korea’s #1 Bank KEB Hana Enters The Sandbox
The Sandbox strikes again with the announcement that South Korea’s KEB Hana Bank will be entering its popular metaverse. The news comes just four months after British bank HSBC entered The Sandbox ecosystem.
Hana Bank was founded in 1967 and is ranked as Korea’s best bank, offering a wide range of foreign exchange products, and holding the most valuable quantity of assets. The entry into The Sandbox by Hana Bank comes as part of a country-wide effort to expand global metaverse business, especially in the banking industry in Korea.
KED Hana and The Sandbox will form a collaborative business model and open a virtual branch of the bank in the metaverse game that lets users buy and monetize plots of digital land. The virtual branch will provide basic banking services, investment advice, and other services and banking products offered by KED Hana.
The Hana Financial Group is also entering K-Verse, a virtual space full of Korean content that helps businesses connect with younger customers. So Jung Kin, the Deputy President of KEB Hana Bank, said that people will experience Web3 through the metaverse and that the bank was excited to be a part of the “new trend.”
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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.
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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.