Solana Launches Ready Player One, What Happened at GameFi Last Week?

24-10-07 12:57

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Original author: CMC
Original translation: 0xFacai

Editor's note: The GameFi market is gaining steam. After Singapore 2049, the market's attention has gradually returned. In addition, Solana, Sui and other leading public chains have successively launched their own game consoles, and game technology giants such as Sony have entered the Web3 field. This track has once again become one of the blockchain fields with explosive potential. This article is launched by CoinMarketCap and summarizes the latest and noteworthy developments in the Web3 gaming field last week.

The following is the translation of the original content:

The GameFi market is gaining steam. According to our data, the market value of the field has risen to about $22 billion, a sharp increase from $16-17 billion last week. Trading volume has also increased significantly, currently about $1.4 billion. Many people have called the gaming track dead, but with market attention gradually returning after Singapore 2049, we need to see if this statement is still true.

The gaming track heats up

The release of the Solana gaming handheld has injected new vitality into the GameFi field. This all happened shortly after Sui released his own gaming device. What did these leading public chain ecosystems see that we are not seeing at present?

Solana games have failed to fully catch on since the last bull run - but as Star Atlas showed on Breakpoint, this application scenario is still very vibrant. At an online event, Star Atlast and some other upcoming games showed their demos.

While the Solana handheld looks low-tech, it may still be a game-changer in this field and allow blockchain games to be more widely adopted.

As this year’s TapFi explosion and past Axies Infinity mania have shown, you don’t need a AAA game to attract crypto gamers to join. Just make it playable enough and worth users’ time.

This week’s blockchain game events

According to DappRadar data, World of Dypians and Seraph: In The Darkness currently lead the GameFi space in terms of the number of independent active wallets, with both games having more than 500,000 independent active wallet players.

Token Price Trends

The best performing GameFi tokens in the past 7 days are:

1. Notcoin (NOT): leading with an astonishing 25.09% increase;

2. FLOKI: showing strong momentum with a 24.71% increase;

3. Gala (GALA): steadily climbing with an increase of 18.12%;

4. Beam (BEAM): steadily rising by 13.46%;

5. Axie Infinity (AXS): rose 5.33%, ranking among the top five.

Other notable 7-day performances:

· The Sandbox (SAND): up 2.88%

· Decentraland (MANA): up 6.81%

· Illuvium (ILV): up 10.60%

· Yield Guild Games (YGG): up 10.73%

Key observations

1. We saw generally positive movement across many GameFi tokens this week, with several achieving double-digit growth. The overall market cap growth in the sector suggests growing investor confidence.

2. Exciting news: Play Solana announced the launch of the first web3 gaming console, which could be a major catalyst for mainstream adoption of blockchain gaming.

3. While weekly gains are encouraging, it’s important to remember that many of these tokens are still down significantly year to date. Continued interest and innovation are critical to long-term growth.

Latest blockchain game news

1.Play Solana launches the first encrypted game console: Play Solana Gen1 (PSG1) aims to revolutionize the GameFi landscape. Pre-orders will be announced at the Solana Breakpoint conference, and Player 1 NFT holders will receive priority access.

2.Line Next announces the launch of the Web3 mini game platform: The platform will be launched in the fourth quarter of 2024 and aims to bring blockchain games to Line's 2 billion active chat users. The Web3-based solution allows for seamless access to games and dApps within the Line app. Line Next will also launch Kaia Wave, a developer program backed by $10 million in funding.

3.Axie Infinity via Axie Pals plugin: Sky Mavis has launched Axie Pals, a Tamagotchi-style Google Chrome extension. This AI-powered feature allows users to interact with their Axies, earning AXP points and potential AXS tokens through leaderboard rankings.

4.Samsung Next and Startale Labs expand cooperation: This cooperation aims to support Sony's new blockchain project Soneium through the Soneium Spark incubation program. The entry of a technology giant of this scale into the Web3 gaming field is undoubtedly good news for game studios.

5.Hamster Kombat Token Release: The HMSTR token debuted on the Open Network (TON) with over $1.2 billion in trading volume in the first 24 hours. Although some players were disappointed with the size of the airdrop, the token's performance put it on par with major cryptocurrencies.

Web3 Game Picks of the Week

Disclaimer: The following content does not constitute an endorsement of the project or its tokens, please invest in any cryptocurrency with caution, DYOR.

SERAPH: IN THE DARKNESS

Seraph: In the Darkness is a popular Web3 game where fantasy and destiny intertwine in a rich, immersive universe. Here, players will explore a world filled with ancient magic, powerful enemies, and hidden truths while carving their own path through a land of conflict and legend. This action-RPG is an engaging and challenging blend of action, strategy, and an evolving story.

What can I do?

1. Follow the Play Solana Gen1 pre-order announcement. If you are a Player 1 NFT holder, get ready to take advantage of your priority access.

2. If you are a Line user, get ready for the upcoming web3 mini-game platform. Developers should research the Kaia Wave program for potential funding opportunities.

3. Axie Infinity players should check out the new Axie Pals expansion and start interacting to earn AXP points.

4. Given the impressive launch performance of the Hamster Kombat ecosystem, consider exploring its potential, but beware of the impact of its massive airdrop.

5. Stay tuned for more news from the Solana Breakpoint conference and progress on the Soneium project, as they may bring more exciting announcements to the GameFi sector.

Remember, in GameFi, if you play well, a new level will be unlocked every day - keep working hard, stay informed, and play smarter!