Web3 Gaming – Market Insights 3-3-23

Ephraim Austin

Mar. 03, 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 Web3 games by market capitalization
  • Top 10 Web3 gaming crypto gainers/losers for the week
  • Web3 gaming funding announcements
  • New games launched
  • Yield farming opportunities (we moved our yield farming insights to its own report that you can find here: Yield Farms in Gaming – P2E Analytics)

Top 10 Web3 Gaming Projects by Market Cap 

Top Web3 Games by Market Cap.
  • ApeCoin still holds the number one spot with a $1,842,131,447 market cap. After recently retesting the $4.9 support, $APE is trading at $5.
  • This week we are mixing up the top ten! WEMIX was knocked out of the list after reaching the number five spot last week. However, move-to-earn (M2E) project STEPN entered the rankings following the launch of its New Horizon Initiative, which was accompanied by a $GMT airdrop to Genesis Holders.
  • Enjin Coin, Gala, MAGIC, and FLOKI all improved their positions slightly this week.     

Web3 Gaming Projects Market Movers

Web3 Gaming Crypto Performance Gainers and Losers.
  • Gaining the top spot this week is Altura, which beat the other gainers with a 19.59% increase on the week. Altura was among the 11 projects that game engine Unity included in its Verified Solutions Program.
  • Cocos-BCX bumped out of the top spot after losing 33.04%. The project gained steam last week, soaring to as much as 152.41%. However, Cocos-BCX saw a notable pullback this week as the token takes a breather at $1.71.
  • SIDUS is also taking a break after gaining 42.21% last week and ranking third on our gainers list. SIDUS is down 24.22% on the week and is now at the bottom of the losers’ chart.
  • GameZone is the top loser, down 48.50% on the week with no significant news.

Funding Announcements

  • 2/28/23: Web3 game company Avalon Corp raised $13 million in a funding round led by BitKraft Ventures to build the ‘Avalon Digital Universe’ (link).
  • 3/3/23: Web3 game studio VitalXP has secured an additional $3 million in a pre-seed funding round to build its first game Lowlife Forms. Entities that led the round include Streamlined Ventures and Marbruck Investments (link).

Web3 Games Launched

  • Avalon is a play-to-earn RPG fantasy multiplayer game that offers “stunning graphics, land ownership and virtual reality (VR) interiors.”
  • Gosleep is a HealthFi/GameFi/SocialFi Web3 lifestyle app that aims to solve various sleeping issues.
  • BEBO LAB is a community-built and owned GameFi platform designed to create a decentralized Social Network for the metaverse.
  • FORA is Unity Engine 5-built third-person shooter (TPS) game that offers 8v8 deathmatch, and battle royale gameplay features.
  • P.O.N.G Heroes is a hyper-casual, win2earn multiplayer project that draws inspiration from the first video game in history called ‘Pong.’
  • Halls of Olympia is an immersive Web3 sporting arena that features chariot races, gladiatorial combat, and Olympic events. 
  • CryptoGuns belongs to the “Gacha Games” genre, wherein participants play to obtain virtual items based on chance and rarity.
  • Fortunate Skull is a play-to-win NFT game that allows players to collect skulls and battle other gamers to earn $ETH rewards.
  • Garbles is a mobile game that aims to help in cleaning up the planet by requiring participants to collect NFTs and CO2 as an in-game resource.
  • Tier World Survivor Edition is a survival game featuring combats and battles while employing F2P and P2E mechanics.
  • Towns is a Web3 communication platform for online communities that also offers ownable town squares.
  • MegaWorld is one of the first Web3 strategy games on Ethereum, established in 2018. 
  • Oyabun is a manga-inspired NFT mobile game wherein the player assumes the role of a “cyber-yakuza.”
  • CryptoCaps is a PvP/PvE title inspired by the classic “Milk Caps” game, allowing gamers to complete quests, engage in battles, and earn loot boxes and other rewards.

Launchpad – Upcoming Web3 Gaming Token Sales

Below are upcoming gaming sales found on the Seedify launchpad: 

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.

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.

War Legends is a tank-based Web3 multiplayer online battle arena (MOBA) game set in an alternate history where WW2 never ended. Date of Sale: TBA.