GameFi's $17.5B market cap sees Ubisoft's Web3 debut, while new platforms and funds shake up the landscape.
TL;DR
- GameFi market cap drops from $18 billion market cap to $17.5 billion
- World of Dypians leads in active users with 821.81k UAW, while Elfin Metaverse shows significant growth.
- Baby Doge Coin leads token gains with a 51.88% increase over 7 days.
- Ubisoft announces its first Web3 game, Champions Tactics, launching October 23.
- Aethir introduces a $100 million growth fund for AI and gaming projects.
- New platforms Thousands and GameStack emerge to support GameFi developers and players.
Market Overview
The total GameFi current market cap currently sits at approximately $17.6 billion. This represents a notable increase from the $16-17 billion range observed in previous weeks, although it falls short of the late September peak of $22 billion.
Trading volume exhibits interesting patterns, with periods of high activity interspersed with calmer intervals.
Top 20 GameFi Coin Movements
Let's break down how our top GameFi tokens have been performing over the last 7 days:
https://twitter.com/SuperVerse/status/1843378191525916799
Top Gainers (7 Days)
- Baby Doge Coin (BabyDoge): Leading with an impressive 51.88% gain, up 100% over 90 days.
- SuperVerse (SUPER): A nice 9.36% increase, to back up its 3-month gain of 92%.
- Saga (SAGA): Posting gains of 6.00%.
- Gala (GALA): Up by 1.87%.
- GMT: Rising 1.54%.
Small Gains for the Gaming Tokens
- ApeCoin (APE): Up 1.04%
- The Sandbox (SAND): Increasing by 0.79%
- Decentraland (MANA): Rising 0.61%
Top Losers Over 7 Days
- Immutable X (IMX): Down 7.45%.
- Beam (BEAM): Experiencing a 6.11% decrease.
- Ronin (RON): Taking a significant hit with an 8.42% decline.
- Echelon Prime (PRIME): Facing a steep 19.20% drop.
- Hamster Kombat (HMSTR): The biggest decliner at 19.03%.
Most Popular Games by Active Users
Source: DappRadar
- World of Dypians leads in active users with 821.81k unique active wallets (UAW) in the past day, despite a 7.05% decrease over 24 hours.
- SERAPH: In The Darkness follows closely with 618.94k UAW, showing a 5.95% increase.
- Elfin Metaverse takes the number 4 position with 242.79k UAW, a significant 33.33% increase in the last day.
- Pixels (nr 3) and PlayEmber round out the top 5 most played games.
Crypto Game Spotlight: What is Elfin Metaverse?
https://twitter.com/ElfinGames/status/1843825335181389883
Elfin Metaverse is an eSports gaming platform and open-world metaverse launched in mid-September 2024. It emphasizes user engagement through immersive experiences and community-driven content. The platform aims to blend gaming with social interaction, catering to a growing audience interested in virtual environments and competitive gaming
Reading List:
Elympics’ Global Gaming Report 2024
Top GameFi Stories
- Ubisoft Ventures into Web3 Gaming
https://twitter.com/ChampionsVerse/status/1844362235872936377
Ubisoft, the renowned game developer behind Assassin's Creed and Far Cry, is set to launch its first Web3 game, Champions Tactics: Grimoria Chronicles, on October 23. The game will be deployed on the Oasys blockchain, featuring player-owned assets and unique champions. This tactical RPG incorporates a "Forge" system for champion customization, emphasizing PvP battles and digital collectibles.
- Aethir Launches $100 Million Growth Fund
Decentralized GPU cloud network Aethir has announced a $100 million ecosystem fund to accelerate growth in AI and gaming. The fund includes the Aethir Catalyst program, offering $20 million in GPU compute grants, and additional partnerships. Developers can also benefit from subsidies of up to 35% off platform service costs.
- Playful Studios Reveals Thousands Platform
Playful Studios, developer of the upcoming Web3 game Wildcard, has revealed Thousands, a community streaming platform. This digital arena aims to unite players, creators, and fans, offering features like live event NFT draws and avatar-based crowd interactions. The platform is also open to other game developers looking to build on it.
- Aptos Launches GameStack with Google Cloud Blockchain developer
In their latest Move, Aptos Labs has launched GameStack in partnership with Google Cloud. This platform addresses common game distribution issues in Web3, allowing developers to integrate Google Cloud's tools with Aptos' Web3 scaling technology. GameStack provides resources such as Unity SDK and tools for integrating wallets, payment systems, and NFT marketplaces.
- Complicated Crypto Wallets Block Web3 Gaming Adoption
A new report reveals that complicated cryptocurrency wallets are a significant deterrent for gamers trying Web3 games. Over 10% of surveyed participants cited this as the main reason for not engaging with blockchain games.
The industry report also highlights that many gamers are attracted to Web3 games for potential earnings and airdrops. Industry leaders believe that improvements in infrastructure and game quality will help overcome these adoption barriers.
Off The Grid AAA Web3 Game Opens Early Access
Visionary District 9 director Neil Blomkamp’s upcoming Battle royale third-person shooter Off The Grid is now available in free Early Access for PlayStation 5, Xbox Series, and PC via the Epic Games Store.
https://twitter.com/playoffthegrid/status/1843685237546725748
Here’s the Early Access trailer!
https://www.youtube.com/watch?v=sZ1iA9LgQPY
What You Can Do
- Keep an eye on Ubisoft's Champions Tactics launch on October 23. If you're interested in tactical RPGs with blockchain integration, this could be an exciting opportunity to explore.
- For developers working on AI or gaming projects, consider exploring Aethir's new growth fund. The GPU compute grants and subsidies could provide valuable resources for your project.
- If you're a content creator or esports enthusiast, watch for updates on Playful Studios' Thousands platform. It could offer new ways to engage with your audience or favorite games.
- Game developers should look into Aptos' GameStack. The partnership with Google Cloud could provide powerful Web3 elements and tools for development and distribution.
- The rapid growth of platforms like Elfin Metaverse shows that new opportunities can emerge quickly in this space. As always, conduct thorough research before making any investment decisions.
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