Market Insights – Web3 Gaming

Ephraim Austin

Mar. 17, 2023

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

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

In this article, we’ll be covering

Top 10 Gaming Projects by Market Cap 

Web3 gaming projects top 10 by market cap

  • ApeCoin is still holding down the number one spot with a $1.5 billion market cap as we ended the week up almost 11%.
  • This week we saw a big rebound in the markets after the government guaranteed deposits at SVB.
  • Gaming tokens did well overall with Render ending the week up 47%, MAGIC up 41% and FLOKI up 36%.     

Top 10 Gaming Projects Market Movers

Web3 gaming top gainers and losers

  • Render ended the week up 47% with no significant news. 
  • Matrix AI Network also saw a ~47% gain after announcing it will be listed on MEXC. 
  • MARBLEX, Dotmoovs and Nakamoto Games closed out the top gainers without any significant news.
  • Battle World led the weekly losers, down 63% on the week with no significant news. 
  • Aavegotchi finished the week down 10% after closing out its bonding curve contract with DAI.
  • Aurory, and XCarnival rounded out the losers without any significant news.  


  • 3/14/23: Jungle has raised $6 million for its Web3 mobile shooter game. Bitkraft co-led the round with Framework Ventures. (Link)

Games Launched

  • Heroes Battle Arena is a free-to-play strategic RPG based on NFTs for army, magic stones and Gods.
  • Xpell is a P2E MMORTS game developed on the Telos blockchain.
  • Veni Vidi Vici is a MMORPG game inspired by medieval Europe found on the BNB Chain.
  • Jungle is a Web3 gaming studio based in Brazil that specializes in developing and publishing hybrid games that are mobile-first and blockchain-enabled.
  • Bitcoin Blocks is a Bitcoin block puzzle game. 
  • The Gainlings is a PVP play-to-earn battle game.
  • SYMBIOGENESIS is a new form of NFT-based entertainment, where 10,000 collectible artworks meet real game utility.
  • Hunters on Chain is a F2P action RPG game where players compete against each other and the environment in various game modes to see who comes out on top. 

Launchpad – Upcoming Sales

Below are upcoming gaming sales found on the Seedify launchpad: 

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

Amazy is a GameFi fitness app that allows users to wear virtual sneakers and walk or jog to earn $AMT tokens.

War Legends is a tank-based Web3 multiplayer online battle arena (MOBA) game set in an 

alternate history where WW2 never ended.