Cryptocurrencies

GameFi projects, a darling of the cryptocurrency industry, have gained attention

GameFi projects, the darlings of the cryptocurrency industry that captured investors’ attention during the 2020-2022 bull run, have made a long-awaited return as Bitcoin (BTC) eyes all-time highs.

On May 15, Ethereum game studio Web3 Immutable announced the launch of its flagship title, Guardians Guild (GOG), on Google Play and the Apple App Store. The Guardians Guild sees players invading the Elderim, a world on the brink of destruction at the hands of the Dread. To save the world, players assemble a team of Guardians to embark on a combat adventure through dungeons and bosses while earning iconic GOG rewards.

According to Immutable Games director Chris Clay, the team plans to showcase Immutable Passport and Immutable zkEVM. “The last 15 months of development have been a whirlwind of laying the groundwork for the game and a world we’re just starting to build on,” he said.

As part of the game’s debut, the developers allocated $1 million in GOG tokens and several non-fungible tokens (NFT) as additional rewards.

Immutable’s Guild of Guardians gameplay. Source: YouTube

Elsewhere, Animoca Brands Japan announced on April 22 that the company will partner with Square Enix, the game’s creator. Final Fantasy chain, develop a non-fungible token (NFT) hero game. coexistence. “Animoca Brands Japan will support Symbiogenesis by offering its expertise in overseas expansion of Japanese projects, global NFT sales and marketing activities, and expanding collaboration opportunities for Animoca Brands’ large network of companies and partners, the company wrote.

In Symbiogenesis, players will descend into a ruined fantasy world and try to solve puzzles through Monopoly and Distribution themed missions. The game can be played using any of the 10,000 NFT characters that also serve the dual purpose of being profile pictures.

On April 19, Cointelegraph reported that the classic dark fantasy ARPG Seraph. In the dark, built on Arbitrum and developed by Seraph Studio, recently crossed over 11,000 Ether through multiple in-game NFT sales consisting of heroes, in-game gear, priority tickets, and more. The game is constantly under development and is currently in pre-season.

Gamefi Projects, A Darling Of The Cryptocurrency Industry, Have Gained Attention
Seraph: In the dark game. Source: Steam

Similarly, on May 13 Pixels will be released on Web3, a casual game that offers an open world of farming and exploration. A misdemeanor 1 million daily active players. It has generated a token revenue of $4.4 million in the past month from VIP subscriptions and in-game transactions. In February, the game Pixels was valued at over $2.7 billion after moving to the Ronin gaming blockchain and listing its token on the Binance cryptocurrency exchange.

The new and ongoing crypto bull market is dominated by new projects, unlike the previous period. Two years ago, Fantasy Monster Battle NFT Axie Infinity accounted for nearly two-thirds of all transactions on the GameFi NFT blockchain. At the time, Axie Infinity had roughly 2.7 million monthly players, which has since dropped to 342,353.

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