The Web3 gaming sector took another shelling this week, as did the rest of the market, but the space is buzzing.
TL;DR
- GameFi market cap dropped almost 10%
- Liberation Day not as liberating
- Sui revealed a lineup of new games
- The Sandbox Season 5 is now Live
- Off The Grid’s confidential letter leaked
Introduction
The Web3 gaming sector took another shelling this week, as did the rest of the market, but the space is buzzing with excitement as Sui unveiled fresh titles and The Sandbox kicked off Season 5.
The crypto majors, Bitcoin, Ethereum, XRP, BNB and Solana, dumped after Liberation Day, while the battlefields of macroeconomics raged on.
Market Overview
The GameFi market cap dropped almost 10%, from $12.65 billion to $10.73 billion, over the last seven days.
The rebound from the recent lows is still there, but we're inching closer to testing annual lows again.
Here is the GameFi chart for the last 12 months.
Most of the top GameFi tokens face-planted this week, but HMSTR somehow dodged the bullets. If you YOLO’d into one of those low-cap, high-risk tokens, congrats, you might be sipping cocktails on a moon mission right now.
Source: CMC
According to DeFiLlama’s Narrative Tracker, GameFi was ranked 15th and down 10.85% but at least outperformed NFTs.
Top Coin Movements
Crypto’s top KOL, Donald Trump, just did it again, folks, with a fresh round of tariff war drama. Maybe it’s all part of his 4D chess plan to get the money printer going brrr again?
Source: CMC
Top Gainers:
- Hamster Kombat (HMSTR): +3.62%
Top Decliners:
- Beam (BEAM): -26.10%
- Immutable (IMX): -24.54%
- Notcoin (NOT): -22.54%
- Enjin Coin (ENJ): -21.20%
- GoMining (GOMINING): -21.01%
Web3 Gaming Activity This Week
We’re seeing a huge shake-up in Web3 gaming as Treasure is stepping away from game publishing, marking a major shift in the ecosystem. The big question now is where will Treasure’s games land next?
Big news for The Forgotten Runiverse: you can now earn Quanta and claim Pixel as you dive in and start stacking rewards!
Ronin is cooking with gas, cranking out massive numbers, and proving it’s a force to be reckoned with!
Immutable + IMX Foundation unveil a massive war chest of $200 million.
Another big week for GameFi adoption compared to the last two.
- Pixudi’s UAW soared by 56.98% while they continue to combine traditional board games with blockchain technology.
- KGen also saw impressive gains of 56.61%, and rKGEN claim and stake will go LIVE on 4/20.
- Moonveil surged 31.97% as they partnered with W3GG, a subDAO of YGG and a leading force in decentralized gaming.
- Karat Galaxy rose 23.03% and is a place where you can play, mine, stake, earn, and trade.
- Seraph: In The Darkness continued to show strength, up another 21.95%, and they are the No. 1 DApp on BNB Chain this week.
Latest Blockchain Gaming News
Sui Unveils New Games
Sui has revealed a major expansion with a lineup of new titles set to launch throughout 2025. Notable games include Samurai Shodown R, Brave Frontier Versus, and Code of Joker: Evolutions, alongside original IPs like Cosmocadia and Warped Universe.
Several games, including E4C: Final Salvation and ONE Fight Arena, are already live, with upcoming titles launching in phases. Early 2025 releases include Pebble City, a social casino game, and Samurai Shodown R, while later releases will introduce XOCIETY, M10, and Super-B, a mini-game social platform.
The Sandbox Season 5 Is Live
The Sandbox has launched its Season 5 Game Jam, offering a 100,000 SAND prize pool to creators who design game worlds using its Game Maker tool. Open to all skill levels, the competition encourages players to build experiences inspired by jungle landscapes, ancient ruins, and volcanic environments, aligning with Alpha Season 5’s adventurous theme.
The game has new gameplay mechanics like flying and double jumping, enhancing user-created content. Registration is open until April 16, 2025, with game submissions due by April 29. The winners will be announced in a live award show on May 17, streamed on Twitch.
Off The Grid Controversy
Off The Grid has sparked controversy following a leaked confidential letter concerning its GUN token. The letter, allegedly sent to Gunzilla Games’ private investors, references a SAFT (Simple Agreement for Future Tokens) and changes to GUN’s vesting schedule. It also offers investors a refund if they disagree with the new terms.
Originally, seed and strategic round investors were expected to have portions of their tokens unlocked at launch. However, the GUN whitepaper indicates that strategic and private round investors now face a 12-month cliff and 18-month vesting period, delaying access to their tokens.
RavenQuest Will Launch QUEST Token on Immutable
The fantasy MMORPG RavenQuest, developed by Tavernlight Games, is launching its QUEST token on the Ethereum layer-2 network Immutable. The free-to-play game, which launched for PC on March 14, integrates QUEST as a core component of its in-game economy.
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 Sandbox Season 5—should be fun!
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