GameFi studios are booming again as crypto prices recover.
The crypto industry's beloved GameFi projects, which caught the attention of investors during the bull run of 2020 to 2022, have made a comeback, with Bitcoin (BTC) at all-time highs.
On May 15, Ethereum Web3 game studio Immutable unveiled its flagship title, Guardians Guild (GOG), on Google Play and the Apple App Store. Guardians' Guild sees players venture into Eldar, on the brink of destruction at the hands of the Dired. To save the world, players assemble a team of Guardians to adventure through dungeons and bosses while earning GOG Token rewards.
According to Immutable Games Director Chris Clay, the team plans to demonstrate an immutable passport and an immutable zkEVM. “The past fifteen months of development have been a whirlwind of laying the groundwork for the game and universe we've begun to build,” he said.
As part of the game's initial launch, the developers have set aside $1 million for additional rewards for GOG Tokens and various Hero Invincible Tokens (NFTs).
Elsewhere, Animoka Brands Japan announced on April 22 that the company will partner with Square Enix, the creator of the Final Fantasy series, to develop the latest invincible token (NFT) superhero game Symbiosis. “Animoka Brands Japan will support Symbiosis by expanding Japanese projects abroad, international NFT sales and marketing activities, and promoting collaboration opportunities for Animoka Brands' large portfolio companies and partners,” the company wrote.
In Symbiogenesis, players descend into a high fantasy world of destruction and attempt to solve puzzles through missions designed around the theme of solitude and distribution. The game can be played with any of the 10,000 NFT characters, which also serve the dual purpose of being personal profile pictures.
On April 19, Cointelegraph reported that ARPG classic dark fantasy game Serafel: Into the Dark, built on Arbitrum and developed by Serafel Studios, recently sold over 11,000 Ether through multiple in-game NFT sales featuring heroes. , priority passes and others. The game is in continuous development and is currently in pre-season.
Likewise, on May 13, the Pixel casual Web3 game that features open-world farming and exploration surpassed 1 million daily active players. Last month, it generated $4.4 million in token revenue from VIP registrations and in-game transactions. In February, the Pixels game surpassed a $2.7 billion valuation after migrating to gaming blockchain Ronin and its token listing on crypto exchange Binance.
Unlike the previous cycle, new projects dominated the novel and ongoing crypto bull market. Two years ago, virtual monster fighting NFT game Axie Infinity accounted for nearly two-thirds of all blockchain GameFi NFT transactions. At the time, Axie Infinity had about 2.7 million monthly players, which has since fallen to 342,353.
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