As an experienced analyst in the crypto industry, I have witnessed the meteoric rise and fall of GameFi projects during the previous bull run. The recent comeback of these projects, with the release of new titles like Immutable’s Guild of Guardians and Animoca Brands Japan’s Symbiogenesis, is an exciting development for investors and gamers alike.
As a cryptocurrency market analyst, I’ve observed the significant resurgence of GameFi projects, which gained massive traction among investors during the crypto bull market from 2020 to 2022. Now that Bitcoin (BTC) is once again approaching its all-time highs, these innovative gaming platforms have made a highly anticipated return to the limelight.
On May 15, Immutable, a leading Ethereum Web3 gaming studio, unveiled its premiere title, “Guild of Guardians” (GOG), on Google Play and the Apple App Store. In this game, players delve into Elderym, a perilous realm on the verge of annihilation by the malevolent Dread. To thwart impending doom, players must recruit a squad of Guardians and embark on an epic quest, battling through labyrinthine dungeons and defeating formidable bosses while being rewarded with GOG tokens.
Chris Clay, director at Immutable Games, shared that the team intends to unveil the Immutable Passport and Immutable zkEVM based on fifteen months of foundational work. According to him, “The past fifteen months have been an exhilarating journey as we’ve laid the groundwork for this game and universe we’re just starting to develop.”
To celebrate the launch of the game, its creators have set aside $1 million worth of GOG tokens and several unique hero NFTs as extra incentives for players.
In other news, Animoca Brands Japan revealed on the 22nd of April their plan to collaborate with Square Enix, renowned for producing the “Final Fantasy” franchise, in creating the NFT (non-fungible token) game titled “Symbiogenesis”. According to Animoca Brands Japan, they will contribute to Symbiogenesis by facilitating its expansion into international markets, managing global sales and marketing efforts for NFTs, and arranging collaborative opportunities with their extensive network of portfolio companies and partners.
In Symbiogenesis, players delve into a ruined high fantasy realm and attempt to unravel mysteries by completing missions that revolve around monopoly and resource allocation. Players can engage with this game using any of its 10,000 unique NFT characters, which also function as personal avatars.
As a researcher studying the latest trends in the crypto gaming industry, I came across an exciting piece of news on April 19th. According to CryptoMoon’s report, Seraph: In the Darkness – the captivating ARPG classic dark fantasy game developed by Seraph Studio and constructed on Arbitrum – has sold over 11,000 Ether worth of in-game NFTs. These NFTs include various offerings such as heroes, equipment, priority passes, and more. Despite being in the preseason phase, the development of this game is ongoing.
On May 13th, the Web3 gaming platform, Pixels, reached over 1 million daily active players. Over the past month, this game has brought in approximately $4.4 million through VIP memberships and in-game purchases using its tokens. Back in February, following its transition to the Ronin blockchain and token listing on Binance exchange, Pixels achieved a valuation of around $2.7 billion.
In the current crypto market, new projects have taken over from those that were popular during the previous bull run. For instance, two years ago, the NFT game Axie Infinity accounted for approximately two-thirds of all transactions in the blockchain gaming sector. At that point, around 2.7 million players engaged with the game monthly. However, this number has since decreased significantly to roughly 342,353 players.
Read More
- Top gainers and losers
- DOP PREDICTION. DOP cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- STOG PREDICTION. STOG cryptocurrency
- KAI PREDICTION. KAI cryptocurrency
- MOCHI PREDICTION. MOCHI cryptocurrency
- SILLY PREDICTION. SILLY cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- DERO PREDICTION. DERO cryptocurrency
2024-05-15 23:00