Weekly GameFi Update (Week 17, 29/04/2022 - 05/05/2022)
The Otherside Metaverse land sale brings in an astonishing US$320M. SquareEnix transitions further into blockchain-based gaming. Spotify makes plans to enter the Metaverse.
Key Takeaways
On Saturday, the Otherside metaverse land sale took place, raising almost US$320M — one of the largest NFT mints to date. The sale guzzled $166M worth of gas fees and crashed popular blockchain explorer Etherscan.
Square Enix has sold a number of its games and game studios, including Tomb Raider. The $300M deal will aid its transition into blockchain-based games.
Spotify is entering the metaverse, announcing a virtual presence called ‘Spotify Island’ on Roblox. Players can create music, interact with artists, and go on mini-quests.
The total market cap for GameFi tokens now stands at US$40.94 billion, down -7.96% from last week.
Highlights
Animoca Brands’ GAMEE partners with Man City to launch football-themed P2E games
Gatorade trademark applications hint at joining the metaverse
Shiba Inu can now be used to purchase land in SHIB's Metaverse
Game Updates
Top Gainers and Losers
*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV
Top Games Metrics
* Week-on-Week (WoW) % change is calculated based on the differences between two consecutive 7-day periods
* Users refer to the number of unique wallet addresses interacting with the dApp's smart contracts
* Weekly Volume refers to the total amount of incoming value to the dApp's smart contracts during the 7-day period
* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the 7-day period
* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.
* Weekly volume using Splinterland data is approx US$434K.
* Splinterlands, Alien Worlds, MOBOX, Bomb Crypto, Axie Infinity, DeFi Kingdoms, Pegaxy, X World Games data from DappRadar
Top 15 Largest Tokens by Market Cap
Source: CoinGecko, Crypto.com Research
Daily Gamers by Blockchain
Thank you for reading! We hope you find our Weekly GameFi Update enlightening!
Hungry for more? Visit our Research Hub and University to access other insightful crypto research!
Share with a friend if you like our email!