GameFi tokens are in the green while Floki’s new game soaks up gamer attention.
TL;DR
- Bitcoin climbs past $110K, lifting Web3 tokens.
- Floki Inu’s Valhalla finally launches after more than three years in development.
- Fresh VC funding flows to support the development of Web3 games.
Bitcoin climbed above $110,000 this week, supported by positive tariff news and increased liquidity that boosted risk appetite across the cryptocurrency markets.
Major altcoins also delivered some modest gains. Leading GameFi tokens finished the week firmly in the green, with some notching double-digit gains.
The Web3 gaming sector was buoyed in part by Floki Inu’s launch of Valhalla, its Norse-themed MMORPG, which went live on its own mainnet.
It's time to catch up on the latest GameFi moves and launches. Here is your front-row seat to this week's developments in Web3 gaming.
GameFi Sector Review
Gaming tokens finally got their liquidity turn alongside the broader crypto bounce driven by Bitcoin’s strength. The mini-rally upped the GameFi sector's market cap by 5% while trading volume rose 21%.
Source: CoinMarketCap
Altcoin sentiment slightly improved, with the altcoin season index rising from 19 to 24, though Bitcoin dominance remains high.
Source: CoinMarketCap
Top Gainers
Hashflow delivered gains of over 100%, echoing the feels of a classic altcoin summer. Its sharp rise in trading volume was backed by Binance support, while Gunzilla Games also posted a near 50% pump.
- Hashflow (HFT): +127.45%
- GUNZ (GUN): +47.55%
- FUNToken (FUN): +30.36%
- Portal (PORTAL): +29.97%
- NeuralAI (NEURAL): +26.19%
Source: CoinMarketCap
Top Decliners
- X Empire (X): -17.96%
- Cross The Ages (CTA): -14.93%
- inSure DeFi (SURE): -11.85%
- Artificial Liquid Intelligence (ALI): -9.86%
- Seedify.fund (SFUND): +22.72%
Web3 gaming has been one of the top five sectors on the crypto narrative tracker in the past 30 days. It is even ranked higher than the meme coin segment.
Source: DeFiLlama
Game of the Week: Floki Inu’s Valhalla
Floki Inu’s Valhalla is a browser-based, play-to-earn MMORPG inspired by Norse mythology. Players explore an open world, engage in turn-based tactical combat, and interact with NFT creatures called Veras.
The players can form clans, complete quests, gather resources, craft items, and raid islands either solo or cooperatively.
All in-game assets, including characters and items, are tokenized NFTs that players fully own and can trade freely. The game runs on the FLOKI token economy, rewarding players for battles.
Web3 Gaming Activity This Week
Reaper Actual Secures $30.5M to Bring Web3 Game to Life
Distinct Possibility Studios has raised $30.5 million to develop Reaper Actual, a Web3-enabled MMOFPS led by gaming veteran John Smedley. The game will feature tradable blockchain assets via Tezos’ Etherlink and aims for a mainstream-friendly launch across major platforms.
Big Time Kicks Off “Christmas in July” Event
Big Time’s “Christmas in July” event runs through July 28, offering a 1.2 million $BIGTIME token prize pool to the top 200 players who earn points by crafting and completing challenges. To join, players must use NFTs and participate in on-chain crafting within the game’s economy.
What You Can Do Now
- Follow the markets as capital rotates into Web3 gaming tokens.
- Play Floki Inu’s new Valhalla game to earn crypto.
- Trade your altcoins cautiously as Bitcoin dominance remains high.
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