Weekly Report on Blockchain Games: Overworld completes $10 million funding; FIRE and MAVIA weekly increase exceeds 50% (2.12-2.18)
Multiple blockchain game projects have officially announced financing, with a total amount exceeding 30 million dollars.Author: Asher, Odaily Planet Daily
Editor: Qin Xiaofeng, Odaily Planet Daily
With the market recovering, the popularity of the GameFi sector is on the rise. Odaily Planet Daily has summarized the recent hot or actively promoted blockchain game projects.
Performance of the Secondary Market for Blockchain Games
According to Coingecko data, the Gaming (GameFi) sector has increased by 15.8% over the past week; the current total market capitalization is $27,304,256,572, ranking 15th in the sector. Notably, the current number of tokens in the Gaming sector is 332, ranking 4th among sectors.
Among the launched Gaming projects, 88 projects have positive growth, with 28 projects increasing by over 20%. WAGMI Games leads with an increase of 81.8%. Additionally, several other notable projects include:
The game token MAVIA of Heroes of Mavia has surpassed $10, with a 7-day increase of 53.6%, and the current token price is $10.32; the game token FIRE of MATR1X FIRE has surpassed $1.4, with a 7-day increase of 50.41%, and the current token price is $1.37; GMT has increased by 13.4% over the past 7 days; APE has increased by 21%; BIGTIME has increased by 7.7%; GALA has increased by 18.6%.
In terms of blockchain game NFTs, according to NFT Price Floor data, the floor price of NFTs in the gaming sector has increased by 6.93% over the past 7 days, surpassing the increases in the metaverse and utility NFTs, ranking fourth in the sector.
Among them, the game NFT with the largest increase in 7 days is LandofValeria, with a 7-day increase of 525%, and the current floor price is 0.35 ETH, with a 7-day trading volume of 67 ETH. In addition, Pixelmon Generation 1 has a 7-day trading volume of 1395 ETH, with a 7-day increase of 19.22%, and the current floor price is 1.737 ETH. In contrast, the game with the largest decrease in floor price over the past 7 days is MaviaLand, which has dropped by 25.21%, with a current floor price of 0.52 ETH.
Financing Information Related to Blockchain Games
Pixels
Official Website: pixels.xyz
Project Introduction: An interoperable and profitable agricultural simulation game in a virtual world.
Financing Information: The Ronin ecosystem blockchain game Pixels announced the completion of a $4.8 million strategic round of financing, with participation from Framework Ventures, Collab+Currency, Volt Capital, Yield Guild Games, Sky Mavis, Tokenmetrics Ventures, Forj Network, Mechanism Capital, and Fenbushi Capital.
Arcade
Official Website: https://www.arcade2earn.io/
Project Introduction: Arcade is a Web3 platform that gives the community the opportunity to earn meaningful rewards from various Web3 and Metaverse games without directly playing the games or owning in-game NFTs.
Financing Information: The P2E gaming platform Arcade has completed $4.8 million in financing, led by Crypto.com Capital, with participation from Solana Ventures, Shima Capital, KuCoin Labs, and GSR. Josh Poole, co-founder and CEO of Arcade, stated that this financing was achieved through a simple agreement for future tokens, and Arcade will also launch a public sale for the ARC token on Ethereum starting February 27, lasting for 72 hours. According to Poole, Arcade does not plan more public sales in the future, "other token distributions will be through some community incentive programs."
Ultiverse
Official Website: https://www.ultiverse.io/
Project Introduction: Ultiverse is dedicated to building an AI gaming platform on Web3 that offers a wide range of user experiences. Ultiverse uses MetaFi, artificial intelligence technology, and Dapps to create a diverse and inclusive user community. The platform will adopt various media matrices, including virtual reality, to provide users with immersive experiences. Similar to the "Oasis" in "Ready Player One," Ultiverse's AI gaming platform will be a dynamic interactive space that allows for creativity and exploration.
Financing Information: The AI-driven one-stop Web3 gaming platform Ultiverse has completed $4 million in strategic round financing, led by IDG Capital, with participation from Animoca Brands, Polygon Ventures, MorningStar Ventures, Taiko, ZetaChain, Manta Network, DWF Ventures, and Jacob KO (partner at Superscrypt). This financing has valued Ultiverse at $150 million. Frank Ma, CEO of Ultiverse, stated, "Ultiverse will launch Ulti-Pilot, an immersive portal for diverse gaming experiences powered by AI. The team plans to launch a Gaming Launchpad, Restake Rollup, and DApp in the future."
Forgotten Playland
Official Website: https://forgottenplayland.com/
Project Introduction: Forgotten Playland is an upcoming free social gathering game. Its story takes place in a remote abandoned attic, featuring a group of plush toy characters.
Financing Information: The Web3 social game Forgotten Playland announced the completion of $7 million in seed round financing, with participation from Merit Circle, Spartan Group, C 2 Ventures, and Paper Ventures. Forgotten Playland plans to launch in the first quarter of 2024, including a series of mini-games, with confirmed games such as Bump-A-Ball and Jungle Rumble, while more games are in development. It is reported that Forgotten Playland has over 25 employees.
Overworld
Official Website: overworld.games
Project Introduction: Overworld is a web3-based game and community project focused on collective storytelling, utility-driven digital collectibles, and creating deep, engaging multiplayer experiences in an ambitious fantasy world.
Financing Information: The blockchain game studio Overworld announced that it has raised $10 million in seed round financing. Leading investors include Hashed, The Spartan Group, Sanctor Capital, and Galaxy Interactive, with participation from Hashkey, Big Brain Holdings, and Foresight Ventures. The funds will be directly used for game creation, and Overworld is currently recruiting for multiple roles in the studio. The studio is developing its first game, temporarily named Overworld, which is a Web3 free action role-playing game operating on the Xterio token, featuring anime-style art design.
Notable Game Dynamics Tracking
Heroes of Mavia
Official Website: https://www.mavia.com/
Introduction: Heroes of Mavia is a Web3 MMO strategy Play to Earn game developed by Skrice Studios, where players can rent or collaborate with landowners to acquire and build bases in the game, while using their bases and armies to battle other players for more rewards. The game interface and gameplay are similar to "Clash of Clans."
Latest Update: The official team has released the latest roadmap. However, the "gold farming" in the game has not officially started, and participation at this time still belongs to early players. During this period, the project team continues to optimize bugs in the game, improving the gaming experience. Overall, Heroes of Mavia is highly playable, and users who enjoy tower defense games will find this game addictive.
Lumiterra
Official Website: https://lumiterra.net/
Introduction: Lumiterra is a multiplayer online, open-world adventure game where you can fight with different players, grow crops, capture monsters, craft various equipment and weapons, and explore new things. At the same time, Lumiterra places DeFi users, GameFi users (gold farming players), and gamers in a coexisting system, where each type of user can pursue their own needs. By meeting these needs and the overall economic mechanism of goods in the game, the game constructs a healthy economic system composed of three enhanced flywheels.
Latest Update: On one hand, Lumiterra did not rush to open the second test after finishing the first test (Mainnet Beta 1), but opened a testnet experience version, which will not bring any profits to players but allows them to familiarize themselves with the game in preparation for the upcoming second test (Mainnet Beta 2) "gold farming." On the other hand, the price of the in-game token LUA has remained between $3.50 and $4.50, with the current price at $3.82.
MATR1X FIRE
Official Website: https://www.matr1x.io/
Introduction: MATR1X is a metaverse brand that plans to build the MATR1X brand through self-developed high-quality games or collaborations with third parties, game IP development partnerships, and global esports events. MATR1X will depict its gaming trilogy (Cyber Earth---Mars Colonization---Interstellar Exploration) through three large games with a unified worldview: MATR1X FIRE (first-person shooter), MATR1X WAR (shooter + MMORPG), and MATR1X EVOLUTION (SOC).
Latest Update: MATR1X is gradually opening up the game, currently holding an "Join the Competition to Share 1,500,000 MAX Tokens" event, which will end on February 29 this year.
Other Noteworthy Developments in the Blockchain Game Sector
SkyArk Chronicles
Official Website: https://www.skyarkchronicles.com/
Introduction: SkyArk Chronicles is a Triple A fantasy JRPG game with interoperable NFTs. Its developer, SkyArk Studio, is a blockchain game studio based in Singapore.
Latest Update: Staking activities for holders of Tenjin and Spell book NFTs are about to launch.
Related Link: https://twitter.com/SkyarkS/status/1755194177103831534
Bitcoin Cats
Official Website: https://www.bitcoincats.world/
Introduction: BitcoinCats is a GameFi platform within the Bitcoin ecosystem. By mapping Bitcoin assets (BRC 20, Ordinals NFT, etc.) to Ethereum (and other Layer 2) networks, BitcoinCats brings many new elements to Bitcoin assets, including but not limited to Play 2 Earn, Stake, Farmland, SocialFi, etc.
Latest Update: The roadmap will be released today, along with the announcement of important matters. Additionally, according to data disclosed by Bitcoin Cats, a total of 1124 NFTs have successfully bridged to ERC 404. Furthermore, Bitcoin Cats announced a partnership with the Arbitrum-based SocialFi project xPet, intending to incorporate social elements into the game in the future.
Related Link: https://twitter.com/BitcoinCats1Cat/status/1759117565778112806
Illuvium
Official Website: https://illuvium.io/
Introduction: Illuvium is an RPG and NFT game built on Ethereum, where the game mechanics involve players leveling up by defeating monsters to capture beasts, minting them into NFTs, and then selling them on the trading market for profit.
Latest Update: The blockchain game Illuvium plans to launch the game "Illuvium: Overworld" in the second quarter of 2024. It is reported that Illuvium will also release a new game feature: the Illuvial Hunting prototype, aimed at reshaping the user experience in Overworld.
Related Link: https://twitter.com/illuviumio/status/1757525488023883955
BlockLords
Official Website: https://blocklords.com/
Introduction: BLOCKLORDS is developed by MetaKing Studios, and the project is a player-driven medieval war strategy game that immerses players in a world where their decisions and skills significantly shape the narrative and environment.
Latest Update: The first airdrop plan has been announced, with 300,000 LRDS tokens airdropped to the first participants, rewarding players for their loyal support before the TGE, with the snapshot date set for February 1 at 05:20 (UTC). Additionally, BlockLords stated that it will launch five Gamedrop events in 2024, rewarding players through in-game events and milestones, with new features and opportunities introduced after each airdrop, and the token airdrop will be directly credited to the game accounts.
Related Link: https://twitter.com/BLOCKLORDS/status/1755190111807881461
Raca
Official Website: https://www.raca3.com/
Introduction: A crypto "dApp store" for AI applications and games initiated by Elon Musk's mother and the Koda NFT community.
Latest Update: A partnership has been established with the Bitcoin Launchpad "Banana Market," aiming to provide the community with a platform for project participation and in-depth understanding. It is reported that both parties will explore other initiatives in areas such as the Ordinals protocol and BRC-20 tokens in the future.
Related Link: https://twitter.com/RACA_3/status/1753150185952235810
