The cryptocurrency and NFT gaming industry is currently experiencing a surge of activity, with new games launching, token airdrops occurring, and a constant stream of developments. It can be overwhelming to keep up with everything happening in this space, but fear not, Decrypt’s GG is here to help. In This Week in Crypto Games, we provide a roundup of the latest news and updates in the world of crypto gaming.
Let’s start with some of the biggest news from the past week:
TikTok Airdrop:
Sonic SVM, a layer-2 gaming chain on Solana, introduced its SONIC token, reaching a market cap of $443 million before falling to $277 million. Players of the TikTok tap-to-earn game Sonic X had the opportunity to claim their token allocations until January 30. The game’s unique approach of launching via TikTok attracted over 2 million players, showcasing its success and paving the way for third-party projects to follow suit.
Call of Duty Meme Coin:
360noscope420blazeit (MLG), a Solana meme coin inspired by Call of Duty nostalgia, saw a staggering 5,200% increase in value over six days. The token’s popularity soared when members of FaZe Clan promoted it, with FaZe Banks even getting a tattoo of the original MLG logo. Despite not being officially affiliated with Activision, the token’s value peaked at $0.178, with a market cap of $177 million.
The Machines Arena Expansion:
The Ethereum hero shooter, The Machines Arena, which operates on the Ronin gaming network, is expanding to Steam and PlayStation 5. However, due to restrictive crypto policies on these platforms, the game will have limited or no crypto features. Discussions are ongoing with Sony to potentially implement crypto elements in the PlayStation 5 version.
In case you missed it, here are some other notable updates from the past week:
– Seed, a Telegram game, revealed airdrop details.
– Illuvium developers announced plans to introduce AI agents as non-playable characters.
– Trump’s Empire claimed to have over 4 million players.
– Pudgy Penguins game by Playember is set to launch on Abstract.
– Transak launched its fiat-to-crypto infrastructure on the Ronin network.
– An AI agent named Jaihoz, based on Axie Infinity co-founder Jihoz, was introduced on Ronin.
– PIXEL, the token linked to the social farming game Pixels, will soon support staking.
Additionally, Yuga Labs’ Otherside metaverse aims to achieve an “always-on world” by June, while Directive Games revealed that its upcoming title, Civitas, will launch in 2025. Limit Break introduced “Apptokens” as a new digital asset class, and Seraph, a BNB Chain action role-playing game, unveiled its token. PUBG creator Brendan Greene stated that NFTs are not currently on the agenda for his next game.
For more in-depth coverage of these stories and other original content, check out our featured articles from the past week. Stay informed and engaged with the latest developments in the exciting world of crypto gaming.