GameFi Weekly Recap | July 11th – 17th, 2022
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.
This week, The total transactions of Gamefi are 179,927,036 transactions (up +4.05%) with an average daily transaction of 25,703,862 transactions. Increasing trivial from last week, with the average number of daily transactions in week 27 being 24,702,144 transactions when the market is recovering after days of deep decline.
From July 11th to 17th, there were about 554,275 unique users, a decrease of about 4.71% from the number of unique users last week. This index is low and tends to increase further. And the number of new users increased by more than 2.71% with 47,920 users.
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
Indie Gaming Studio Bravo Ready Raises $3M Seed Round
Bravo Ready, an independent video game studio based in Montreal, Canada, has raised a $3 million seed round to accelerate game and software development. Investors include Solana Ventures, 6th Man Ventures, and Shima Capital.
Bravo Ready created BR1: Infinite Royale, which allows gamers to pay $1 to spawn and earn SOL for every win. The survival-style game places new characters far away from other players with little access to items. As players continue to play, they encounter more players and items. “In Web3 gaming, the game always needs to come first and the economic model has to support the game,” said Jon Cohen, CTO & co-founder of Bravo Ready, in a statement.
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Vietnam’s Ancient8 Gets $6M To Build Infrastructure Software for GameFi
Vietnam-based blockchain firm Ancient8 said it has raised millions in additional funding to further its efforts in developing infrastructure for the GameFi sector in Web3. In a statement on Wednesday, the company said it has raised $6 million in a funding round led by interactive entertainment venture capital firm Makers Fund and C² Ventures. Participation from existing and new investors also came via Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures.
Funding will go toward the firm’s efforts in building out its software products as well as growing its community and gaming guild, Ancient8 said. The firm has an active user base of around 200,000 members, per the statement. “We think Web3 games have brought a paradigm shift in the gaming industry for gamers and game developers,” Ancient8’s co-founder Howard Xu told Blockworks in an email. “Gamers get a new experience where they can earn substantial income by doing the things they love – playing games.”
Disney Launches Startup Accelerator Program Focused On NFTs and the Metaverse
Disney has launched an accelerator program for Web3 startups. The company named leading tech startups Flickplay, Lockerverse, Inworld, Obsess and Red 6 in the program with Polygon the only blockchain company on the list. The global entertainment giant said the program will focus on building the future of immersive experiences. It will target projects involved in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.
The 2022 Disney Accelerator program kicks off this week and will offer guidance to all participants in the program provided by Disney’s senior leadership team and a dedicated executive member. Commenting on the program Bonnie Rosen, General Manager of the Disney Accelerator program lauded his company’s historical involvement in creating entertainment experiences of the future.
“The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years,” Rosen said.
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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.
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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.