The Web3 gaming sector and the rest of the market received another regulatory antidote as the Federal Reserve withdrew crypto guidance for banks.
TL;DR
- Web3 gaming activity surges across platforms
- Fed withdraws crypto banking guidance, boosting sentiment
- Immutable and Ubisoft unveil Might & Magic: Fates
- Pokémon HOME policy update fuels Web3 speculation
- SoonChain teams up with GPTVerse to launch AI Game Generator
Introduction
The Web3 gaming sector and the rest of the market received another regulatory antidote as the Federal Reserve withdrew crypto guidance for banks.
The seeds Immutable planted from their partnership with Ubisoft, which started two years ago, are finally bearing fruit. They’re set to launch Might & Magic: Fates, a reimagining of the iconic franchise, now reborn for the blockchain era. LFG!
Also, crypto sleuths are drawing conclusions that Pokémon might be coming to Web3 via Mysten Labs, the creator of Sui. Read on for more!
Crypto A-listers Bitcoin, Ethereum, XRP, BNB and Solana are all green as BTC reserves on cryptocurrency exchanges dropped to their lowest level in more than six years, Cointelegraph reported.
Market Overview
The GameFi market cap surged over 25%, moving from $10.18 billion to $12.80 billion as Ronin Network partnered with Visa.
What started as a bounce off the yearly lows is now gaining serious traction. DFTU!
Here’s a snapshot of GameFi's performance over the past 12 months.
Source: CMC
According to DeFiLlama’s Narrative Tracker, GameFi was ranked 10th, the same as last week, and outperformed Bitcoin, Ethereum and Solana.
Top Coin Movements
Of the top 20 Web3 gaming tokens, only WEMIX failed to show gains while industry experts believe that 2025 will be a transformative year for crypto, driven by regulatory clarity.
Source: CMC
Top Gainers:
- Enjin Coin (ENJ): +49.82%
- Kadena (KDA): +42.18%
- Immutable (IMX): +38.79%
- MultiVersX (EGLD): +37.12%
- Notcoin (NOT): +33.38%
Top Decliners:
- WEMIX (WEMIX): -11.37%
Web3 Gaming Activity This Week
There are three games on Somnia Network worth keeping an eye on, MSquared (M²), Netherak Demons and Maelstrom.
The HUNT & MINT of Realms Of Alurya on the Ronin Network is now officially live. Let the grind begin!
GameFi’s momentum keeps building, with Ragnarok: Genesis Land making waves—its presale just hit a massive $14.9 million, securing the second-highest ticket in the space with Fableborne staying in first place.
- Hot Spring’s UAW (unique active wallets) skyrocketed 275.98%. It’s the first cozy simulation social game on SeiNetwork.
- KGen surged 32.44% after announcing a strategic partnership with KernelDao.
- Alien Worlds gained 6.22% and the team is developing a gameplay demo that will feature real-time combat in a universe centred on Starblind comics and Alien Worlds IP.
- Overtake went up 2.23% while they are sitting at No. 1 on Carv Infinite Play.
Latest Blockchain Gaming News
Ubisoft and Immutable Unveil ‘Might & Magic’
Ubisoft has teamed up with Immutable to launch Might & Magic: Fates, a mobile strategy card game that reimagines the legendary Might & Magic franchise for the blockchain.
Powered by Immutable’s layer-2 blockchain tech, Fates offers asset trading and true digital ownership. This integration allows players to fully control in-game items, bringing AAA gameplay into the decentralized economy.
Previews and registration details will roll out in the coming months, with Ubisoft and Immutable leaders set to discuss the project at Binance Blockchain Week Dubai on May 1.
Pokémon Web3 Speculation
A recent privacy policy update for Pokémon HOME has listed Parasol Technologies as a new developer, sparking speculation about potential Web3 integration. Parasol is a subsidiary of Mysten Labs, the team behind the Sui blockchain.
Source: PHOME
While no official announcements have been made regarding blockchain features, the inclusion of a Web3-affiliated developer has raised eyebrows across gaming and crypto communities.
SoonChain Partners With GPTVerse
SoonChain has announced a strategic partnership with GPTVerse, an AI hub for decentralized applications. The collaboration aims to merge blockchain, AI, and gaming with the launch of the AI Game Generator (AIGG).
A Minecraft-Inspired Blockchain Game
MSquared, a division of Improbable, has launched Chunked, a Minecraft-inspired sandbox game running entirely on the Somnia blockchain testnet.
Despite the constant blockchain interactions, gameplay remains smooth, though some glitches persist, like disappearing items during crafting, plus the world is smaller than Minecraft's infinite sprawl.
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 the new developments with Immutable and Ubisoft.
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