Market Insights – Web3 Gaming

Ephraim Austin

Feb. 24, 2023

Welcome to our weekly Web3 Gaming Market Insights where we break down key trends in the Web3 Gaming market. 

In this article, we’ll be covering

  • Top 10 games by market capitalization
  • Top 10 gainers/losers for the week
  • Web3 gaming funding announcements
  • New games launched
  • Upcoming launchpad sales

Top 10 Gaming Projects by Market Cap 

Top 10 Web3 Gaming project by market cap
Source: CoinMarketCap
  • ApeCoin retakes the top spot at a $2 billion market cap, up 1.7% on the week with no significant news.
  • This week we are mixing up the top ten! WEMIX jumps up to the number five spot, up 27% on the week after being listed on Coinone. 
  • FLOKI jumps to number seven at a $441 million market cap after making gains from a tweet about Elon’s dog, Floki.     

Top 10 Gaming Projects Market Movers

Web3 Gaming Top Gainers and Losers
Source: CoinMarketCap
  • Cocos-BCX takes the top spot this week after gaining 152%. Binance recently announced it will launch a COCOS perpetual contract with up to 20x leverage.
  • Dvision Network ended the week up 53% without any significant news.
  • SIDUS jumps 42% after being listed on Kucoin. 
  • GameZone and Aavegotchi rounded out the gainers with no significant news. 
  • The top losers finished the week without any significant news.   


  • 2/23/23: Iskra, a Web3 gaming platform for gamers and developers, invests around $77,000 HD Labs to boost its Web3 gaming projects. Link
  • 2/23/23: Magic Eden invests in 11 Web3 gaming studios. Link
  • 2/23/23: India-based Web3 gaming startup Kratos Studios has raised $20 million in a seed funding round led by venture capital firm Accel. Link
  • 2/23/23: Metaverse role-playing game Worldwide Webb recently secured $10 million in a Series A funding round led by venture capital firm Pantera Capital. Link

Games Launched

  • TorqueMotorsport is an upcoming blockchain-enabled motorsport game and is part of Animoca Brands.
  • GeocachinGO is an augmented reality game that merges scavenger hunting with the benefits of reducing your carbon footprint.
  • World of Mining is a Move-to-Earn application on BNB Chain that allows you to make money by moving around in the real world.
  • Kratos is the IP owner of one of the world’s largest gaming DAO – IndiGG.
  • Treaty allows you to take on the role of governor of your own nation in a fully-on-chain world. In this game, you must make strategic decisions on how to allocate resources, expand your territory, and choose which players to trust and collaborate with.
  • Phi is a whole new Web3 world created directly from ENS & wallet activities, enabling the easy visualization of on-chain identities. It encourages users to interact with various web3 protocols, which provides a positive feedback loop to the entire crypto ecosystem
  • Pixel Battle Pixel Battle is a casual shooting game where you can experience PVP and PVE through various weapons and skills by controlling NFTs called Mecha.
  • Taitiko is a Play & Earn game based on minigames with no handicaps, and no skills needed to be a winner.

Launchpad – Upcoming Sales

Below are upcoming gaming sales found on the Seedify & Polkastarter launchpads: 

Kaokuma is a multiplayer online APRG game with immersive combat systems and mechanics within a graphics-intensive metaverse. Players will play a role and fight in epic battles using specially designed NFT assets. 

Date of Sale: TBA

Games for a Living (G4AL) develops AAA-quality blockchain games and tools for gamers & developers to benefit from Blockchain technology.

Date of Sale: TBA

ARtonar is the first app-less 3D and augmented reality NFT generation platform for the metaverse. 

Date of Sale: TBA

Realm Hunter is a quest-based, semi open world RPG play and earn experience inspired from the likes of Pokemon and Genshin Impact

Date of Sale: TBA

Aradena Battlegrounds is a medieval fantasy metaverse. Fight with medieval warriors and fantastical beasts in a revolutionary PvP miniature strategy combat genre. 

Date of Sale: TBA

Citizen Conflict is an upcoming free-to-play hero shooter game built in Unreal Engine 5. The game offers multiple enhanced game modes such as Extraction or Battle Royale. Target fundraise $650,000.

Date of Sale: TBA