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 148,615,944 transactions (down -5.88%) with an average daily transaction of 21,244,575 transactions. Decreasing trivial from last week, with the average number of daily transactions being 22,306,803 transactions when the market is sideway.

Gamer trends

From August 29th to September 4th, there were about 637,758 unique users, a increase of about 11.13% 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 8.23% with 25,686 users.

Gamefi Projects On Starknet Ecosystem

StarkNet is a permissionless decentralized ZK-Rollup. It operates as an Layer 2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security.

Gamefi Highlight Events

Xterio Raises $40M to Create Cross-platform Web3 Franchises

Switzerland-based free-to-play-and-earn game publisher and developer, Xterio, today announced that it has raised $40 million to create mobile and Web3 games. The round was led by FunPlus, Makers Fund, FTX Ventures, and XPLA with participation from HashKey, Foresight Ventures, Infinity Ventures Crypto, Matrix Partners and Animoca Brands.

Through this fundraise, FunPlus will be Xterio’s exclusive partner in Web3 games. FunPlus is an independent game developer and publisher headquartered in Switzerland with more than 2,000 employees worldwide. Xterio’s cross-platform portfolio will focus on multiplayer blockchain games with player ownership at their core. The fresh funds will be used to develop and publish Xterio’s own games as well as its partners’ games, create new IP, and continue developing the platform.

The Xterio platform will house a marketplace, social community hub and more. Currently, the platform is developing multiple games, with product announcements coming this fall. Helmed by game executives from FunPlus, Electronic Arts, Activision Blizzard, Krafton, Jam City, NetEase and other top games brand, Xterio brings together experience from well-known companies across technology, entertainment, mobile and free-to-play game design and operations.

For more information: click here

Gala Games Announces Launch Date for Spider Tanks

Gala Games, the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks, the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today Gala is kicking off a limited time sale for its Spider Tanks Planetary Nodes.

Planetary Nodes will be operated by community members who have purchased licenses in this sale. In return for using their computing resources to power the decentralized Spider Tanks ecosystem, Node operator-owners will earn regular rewards. More information about Planetary Nodes can be found at Gala.Games.

Developed by award-winning Netherlands-based GAMEDIA, this futuristic esports tank game is free to play, but also incorporates a variety of play-to-earn mechanics that center around skill-based competition, resource collection, and a player-driven upgrade cycle to earn real rewards. In Spider Tanks, players create their own unique crawly contender by assembling tank bodies and weapons in their garage. Once their “Spider Tank” is complete, it’s on to mech mayhem as the mechanical monsters battle it out in Spider Tanks arena maps.

This esports brawler lets you play with a close group of friends or test your skills in high-stakes competition. Almost 25,000 players participated weekly in a recent public playtest, which resulted in a total of more than 600,000 matches.

For more information: click here

Gabriel Leydon Makes Comeback with $200M Funding for New Blockchain Game Company Limit Break

Gabriel Leydon, the former co-founder and CEO of free-to-play mobile gaming and tech company Machine Zone, is making a comeback with a new blockchain game company called Limit Break, as first reported by GamesBeat.

Once known as “the man on the Iron Throne of gaming”, Leydon has raised $200 million for Limit Break. The funds were secured last year from Buckley Ventures, Paradigm, FTX, CoinBase Ventures, Shervin Pishevar, Anthos Capital, SV Angel and Standard Crypto. Pishever and Anthos Capital previously invested in Machine Zone.

Leydon left Machine Zone in 2018 to explore cryptocurrencies and sold Machine Zone in 2020 to AppLovin for $600 million. Last August, he teamed up with Machine Zone co-founder Halbert Nakagawa to create a new blockchain game which will be “free-to-mint” and “free-to-own”.

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