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 transactions

This week, The total transactions of Gamefi are 159,089,267 transactions (up +12.03%) with an average daily transaction of 22,727,038 transactions. Increasing trivial from last week, with the average number of daily transactions in week 31 being 20,287,389 transactions when the market is sideway.

Gamer trends

From August 8th to 14th, there were about 561,659 unique users, a increase of about 0.2% from the number of unique users last week. This index is high and tends to increase further. And the number of new users increased by more than 0.91% with 5,051 users.

Top Gamefi Projects In Week

TOP Low-Cap Gamefi Projects with Highest Gainers

Gamefi Highlight Events

Polygon, Neowiz join forces to build new Web3 gaming platform Intella X

Polygon announced a partnership with gaming publisher Neowiz to launch a new Web3 gaming platform called Intella X, supported by its native IX token. Neowiz is a multi-platform developer founded in 1997 and headquartered in South Korea. Its lineup includes a diverse range of indie AAA titles, such as the rhythm game DJ MAX RESPECT V and 2D platformer Skul: The Hero Slayer. The tie-in will see popular Neowiz titles, including Cats & Soup and Brave Nine, ported over to the new platform and given a Web3 twist.

Polygon explained that contributors and users of the Intella X platform will have ownership rights and the opportunity to receive a cut of the revenues. Underpinning this is the native IX token. There will be several ways to become a contributor and generate earnings. For example, token holders can stake or provide liquidity via the “proprietary DEX” to earn IX yield. As expected, gameplay will also generate IX tokens, with further opportunities to make IX by swapping unique in-game tokens via the exchange.

Under “Develop and Earn”, game developers building and publishing on Intella X also get to participate. Not only will they be compensated in the native token, but revenues generated via in-app purchases and relevant fees will also be paid in IX.

For more information: click here

STEPN Launches GMT Earning Plans

STEPN has launched plans to open up $GMT earning to reward loyal users. The $GMT earning power is changing dynamically every 5 mins based on the amount of live $GMT earners at the moment. The $GMT earning is logarithmically diminishing every day and will halve after 3 years. Users will need at least 3 energies (in any Realm) to be eligible for $GMT earning.

STEPN will launch four Earning Pools:

• Classic Pool (for Classic Sneakers to share 20% of the $GMT earning of the day)
• Rainbow Pool (for Rainbow Sneakers to share 30% of the $GMT earning of the day)
• Rainbow Plus Pool (for Rainbow Plus Sneakers to share 50% of the $GMT earning of the day)
• Schadenfreude Pool (for Rainbow Infinite Sneakers with rules to be declared at a later date)

For more information: click here

Game On for Bybit-Backed GameFi Platform, Yeeha Games

Yeeha Games, a $50 million-funded GameFi platform, has announced its entry into the world of web3 gaming. To bridge the gap between traditional gaming and GameFi, Yeeha Games will be releasing a number of blockchain games over the next 18 months. It currently has 11 games in the pipeline, with subsequent game releases planned in the future.

Backed by Bybit, Yeeha Games provides an ecosystem that offers a wide range of quality games, as well as a marketplace where users can trade in-game assets. The global team behind the platform is 90+ people strong and consists of industry veterans from the blockchain, GameFi, and traditional gaming sectors — including Bybit, Tencent, NetEase, IGG, Animoca Brands, Unity, and TapTap.

“The GameFi industry saw incredible growth in 2021,” said Choy Wai Cheong (Choy), co-founder and COO of Yeeha Games. “But when compared to the traditional gaming market, we still see a massive untapped potential. To attract traditional gamers to web3, we must have games that appeal to them. Blockchain or not, games have to be fun to attract and retain players in the long run. Integrating blockchain elements into game genres with proven success in the traditional gaming market is a good starting point — and that’s where Yeeha Games is positioned.”

For more information: click here

Verdict

Above is the important information in the past week on the GameFi. The gamefi market is still in a bleak period, but there are still many projects that are still under construction, as demonstrated through many rounds of funding from many reputable investment funds. Gamefi market still has a lot of opportunities, let’s hunt for good projects in this downtrend.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

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