The Web3 gaming sector, along with the whole market, saw extreme volatility recently.
TL;DR
- Axie Infinity launched Atia’s Legacy MMO
- Bitcoin dumped 6% after U.S. President Donald Trump signed EO
- Animoca Brands recorded $314 million revenue by December 2024
- Immutable announced TOKYO BEAST $1M trials
- Shrapnel partnered with Galaxy Girl Interactive
Introduction
The Web3 gaming sector, along with the whole market, saw extreme volatility recently. Still, there is some exciting news as Shrapnel partners with GGI, and Animoca Brands recorded a 167% year-over-year increase in Q4 2024 bookings.
Bitcoin dumped about 6% after U.S. President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve. “Wtf” would be an understatement!
Market Overview
The GameFi market cap dropped from $13.26 billion to $11.88 billion over the last seven days while crypto bad guy SBF had an interview with Tucker Carlson.
We have been making yearly lows over the last three weeks. Not looking good, ser!
Here is the GameFi chart for the last 12 months.
Good time to ladder back in and buy the dip? (NFA)
All the top GameFi tokens showed a correlated movement sideways to slightly down over the past week.
Source: CMC
According to DeFiLlama’s Narrative Tracker, GameFi was ranked a dismal 16th but outperformed NFTs and, surprisingly, AI. Should’ve stuck to gaming, Virtuals!
Top Coin Movements
We are looking a lot better than last week when only one token from the top 20 gaming tokens by market cap showed gains.
Source: CMC
Top Gainers:
- The Sandbox (SAND): +4.81%
- SuperVerse (SUPER): +4.21%
- Axie Infinity (AXS): +3.99%
- Kadena (KDA): +3.91%
- GoMining (GOMINING): +2.96%
Top Decliners:
- Binary X (BNX): -34.39%
- WEMIX (WEMIX): -22.65%
- Beam (BEAM): -16.49%
- SKALE (SKL): -9.52%
- Baby Doge Coin (BabyDoge): -7.61%
- Echelon Prime (PRIME): -28.58%
Web3 Gaming Activity This Week
Immutable announces the TOKYO BEAST $1M trials. Who said Web3 gaming was dead?
Axie Infinity unveils Atia’s Legacy, their much-anticipated MMO.
Kuroro Wilds Alpha Season 2 will be launching on March 17. Lfg!
There has literally never been a week where GameFi did not show any adoption.
- World of Dypians’s UAW gains 15.91% and now you can use their AI-powered assistant, Oryn, to boost your gameplay.
- Moonveil rises 9.17% while their Special Action Week 4 is live.
- PlayEmber is up 7.94% as people are getting “addicted” to playing Penguin Life and earning rewards.
- Seraph: In The Darkness only shows marginal gains of 0.03% though they started Seraph Season 2 with their biggest prize pool ever.
Latest Blockchain Gaming News
Animoca Brands Is Cooking
Animoca Brands recorded a 167% year-over-year increase in Q4 2024 bookings, reaching $108 million, with full-year bookings totaling $314 million. Revenue was driven by digital asset advisory ($57M), Web3 operations ($37M), and investment management ($14M).
Cost-cutting measures and AI integration led to a 12% reduction in operating expenses to $217 million. Key projects included The Sandbox, Moca Network and Anichess, with strategic partnerships such as Square Enix’s Symbiogenesis and SK Planet.
Animoca secured $10M for Moca Network to improve Web3 onboarding and blockchain identity solutions. The company also expanded in AI and Web3, investing in over 70 projects, with $293M in cash, $538M in digital assets, and $2.9B in token reserves.
Shrapnel Partners With GGI
Galaxy Girl Interactive (GGI) has partnered with Shrapnel, an Avalanche-based first-person shooter (FPS). This collaboration aims to reinvent Web3 gaming by integrating decentralized technology, offering players asset ownership and exciting gameplay.
Shrapnel, a AAA blockchain game, will benefit from GGI’s ecosystem, using next-level tech to improve its gameplay. The partnership also includes exclusive rewards for their communities, although details remain undisclosed.
Bitcoin Miner Game
Bitcoin Miner is a free-to-play mobile game for iOS and Android that lets users simulate cryptocurrency mining while earning small amounts of real Bitcoin. Developed by Fumb Games, the idle tapping game allows players to build a virtual mining operation.
After integrating Bitcoin micropayments via the Lightning Network through a partnership with Zebedee, it surged in popularity with millions of downloads.
Players tap to "mine" crypto, upgrade their rigs, and use boosts to maximize earnings. While the Bitcoin rewards are minimal, users can accumulate Satoshis and withdraw them to a Zebedee wallet.
Sword Of Blood’s Open Beta Launch
Hitbox Games has launched the open beta for Swords of Blood, featuring a play-to-airdrop campaign throughout March 2025. Players can earn HBOX NFTs by completing in-game activities like campaign stages and daily dungeons.
Each NFT contains 2000 tokens, valued at an estimated $10 when the Token Generation Event (TGE) occurs in April 2025. A total of 166 NFTs, worth approximately $1,660, are distributed daily. The game is currently available for Windows PC through HyperPlay.
What You Can Do Now
- Focus on quality over hype: look out for games that people play for fun rather than just for earning.
- Check for real utility and in-game integration: projects where tokens and NFTs have multiple use cases within the game such as staking, upgrades, and crafting, tend to be more sustainable.
- Evaluate team experience and transparency: teams with a proven track record in gaming or blockchain are more likely to deliver.
- Assess community activity and growth: high player retention and active communities (Discord, Twitter, Reddit) show that a game can attract and keep players.
- Keep an eye on, or maybe join, the TOKYO BEAST $1M trials.
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