This GameFi Weekly Recap is provided solely for informational purposes and does not constitute investment advice. People are still depressed and uncertain, and the market is flat with little significant change. Let’s take a look at on-chain data and some important news with Coincu.

Network Growth

Total Marketcap of GameFi Projects

According to coinmarketcap.com, The total marketcap of all Gamefi projects is $9,479,903,582 down 6.23% from last week.

Total transactions

This week, The total transactions of Gamefi are 172,915,012 transactions (up +4.45%) with an average daily transaction of 24,702,144 transactions. Increasing trivial from last week, with the average number of daily transactions in week 26 being 23,648,992 transactions when the market is recovering after days of deep decline.

Gamer trends

From July 4th to 10th, there were about 529,326 unique users, a decrease of about 5.76% from the number of unique users last week. This index is low and tends to decrease further. And the number of new users increased by more than 3.31% with 57,920 users. Particularly on June 29th, when there were just 318,116 unique users and 439 new users, we noticed a sharp decline in statistics.

Total Users by Game

The top 3 projects this week in terms of the number of participants are Splinterlands (27.24%), StarSharks (6.92%), Bomb Crypto (5.04%).

Top Gainers and Losers

Highlight Events

Konvoy Ventures Launches $150M Fund to Invest in Blockchain Games

Konvoy Ventures is ramping up its blockchain gaming campaign after announcing a $150 million raised for a new fund. The company said it will commit 20%-30% of the capital raised to blockchain and crypto-related gaming projects. It is a gaming-focused venture capital firm based in Denver. The company has invested in 33 projects to date, with the latest fundraising bringing its total assets under management to $270 million.

Among the projects it has backed in the crypto gaming space include Sky Mavis, the creators of the popular metaverse game Axie Infinity. The company also invested in Genopets, a blockchain game that allows players to grow and evolve an NFT pet through real-world physical exercise. Konvoy is also one of the VCs backing the popular virtual avatar creation platform Ready Player Me. The firm was founded in 2018 by brothers Josh and Jason Chapman and Jackson Vaughan, a childhood friend.

For more information: click here

Animoca Brands Leads $32M Funding Round for Planetarium Labs

Planetarium Labs, which is building a community-driven Web3 game network, has raised $32 million in a Series A funding round led by Animoca Brands. The investment will be used to help Planetarium Labs build out its network with tools for gaming and player governance, co-founder and CEO Kijun Seo told CoinDesk in an email. Other investors in the round included Samsung Next and Planetarium partners Krust Universe, the investment arm of South Korean tech giant Kakao, and WeMade, the publisher of play-to-earn game Mir4.

The Planetarium Labs gaming system is based on Libplanet, a software development kit that lets developers create blockchain applications entirely on the Unity game development platform. The Libplanet technology was used in the open-source online role-playing game Nine Chronicles, which has more than 300,000 users and backers that include Animoca Brands, Binance Labs and Ubisoft.

For more information: click here

Dubai Is Preparing to Take Its Government to the Metaverse

Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to allow users to perform actions in these facilities in the future. This would be the next step for the country, which has previously presented its Dubai Metaverse Strategy to position this technology as an important part of the future of the emirate. Sharad Agarwal, chief metaverse officer of Cybergear, a Dubai-based metaverse company, talked about this process at a local metaverse-themed event. He stated:

For more information: click here

Volvo to Showcase First All-Electric SUV in Metaverse

Volvo Cars India announced that its first all-electric SUV model, the XC40 Recharge, will be launched on July 26th, 2022, in its version of the metaverse — the “VolvoVerse”. The launch of the XC40 Recharge will be a first on several levels: The first electric vehicle introduced by Volvo in the country, the first premium electric SUV assembled locally in India, and the first automobile manufacturer to announce its price in the metaverse in India. The XC40 Recharge, which is identical in design to its ICE counterpart, will be manufactured at the luxury Swedish car manufacturer’s Hosakote plant in Bangalore in Karnataka, India.

Volvo heralded the digital launch as the first to occur on a metaverse platform “in the history of the Indian auto industry.” By launching the new car in the metaverse, users from all around India and the world will have the chance to tune in.

For more information: click here

Verdict

Above is the important information in the past week on the GameFi. Crypto winter has arrived, it’s also time to purge projects. Good projects stay and bad projects go. Everything is just beginning.

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Ares

Coincu Ventures