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 162,712,026 transactions (up +2.28%) with an average daily transaction of 23,244,575 transactions. Increasing trivial from last week, with the average number of daily transactions in week 32 being 22,727,038 transactions when the market is sideway.
Gamer trends
From August 15th to 21th, there were about 548,565 unique users, a decrease of about 2.33% from the number of unique users last week. This index is high and tends to decrease further. And the number of new users increased by more than 0.54% with 1,686 users.
Top Gamefi Projects In Week
Gamefi Highlight Events
GameFi Company Murasaki Closes €1.5M Seed Round Led by Japanese Incubate Fund
One of the co-founders, Shunsuke Sasaki, is a serial entrepreneur and angel investor specializing as a game producer. In 2007, after two years, he left and founded Pokelabo Inc, a mobile gaming company. GREE, a Japanese mobile gaming giant, acquired Pokelabo in 2012 for $173.8M. Pokelabo produced some famous titles, such as SINoALICE, that are well- known worldwide. The core founding team from Pokelabo joins Murasaki to build multiple game titles.
With this €1.5 million investment led by Incubate Fund, Murasaki will be able to strengthen its commitment to developing the next generation of decentralized, community-powered games. Murasaki’s Cyberstella, an NFT-focused game with a new take on the play and earn model, is set for release in early 2023. Meanwhile, an NFT and official token launch will follow the beta version release in late 2022.
Shinnosuke Murata, Murasaki’s CEO and Co-Founder, said: “I was attracted to blockchain technology, which allows consensus building without racial or national boundaries, and founded Murasaki in February 2022”.
“This investment round is incredibly exciting for us, as it will allow us to further develop our assets and optimize the beta version of Cyberstella, adding new features, worlds, missions and environments. We are also planning to develop a subsequent title as well. We can’t wait for people to discover what playing a blockchain title is really like.”
For more information: click here
The “4 games – 1 token” Project Kingdom Quest Announcing IDO and Mainnet
Kingdom Quest’s initial dex offering (IDO) of Kingdom Gold Coin ($KGC), a utility token for its GameFi ecosystem, will be open for registration on August 15th, 2022, with the IDO taking place on August 19th, 2022. Kingdom Quest has partnered with Shima Capital, Icetea Labs, and HuobiNFT. Following the token release, Kingdom Quest: The Beginning, a puzzle-based role-playing game (RPG), will go live on the Avalanche C-chain blockchain soon after.
Founded by a team of experienced and enthusiastic game developers, Kingdom Quest is a casual-game bundle absorbing blockchain technology. With the Enjoy And Earn model combining Play-Own-Earn and Free-to-Play, Kingdom Quest players can experience various game titles within an ecosystem that shares a native token and NFTs, and in-game assets can be exchanged among games to perform tasks and missions.
For more information: click here
Sky Mavis’ Ronin sidechain expands to 17 validators to boost security
Ronin, an Ethereum-linked sidechain that hosts the Axie Infinity play-to-earn game, has added three new validators as it aims to boost security following the $600 million hack in March.
The Ronin development team, funded by Axie Infinity creator Sky Mavis, said in a blog post that the number of validators securing its chain has now grown from 14 to 17. Adding new validators means the number of parties verifying transactions on the sidechain has grown.
The three entities that have been added as Ronin validators include Efficient Frontier, Community Gaming and Nansen, the Ronin team said. Furthermore, it added that it is moving closer to the target of establishing 21 independent validators.
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 [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
