Web3 Gaming – Weekly Market Insights

Ephraim Austin

Feb. 17, 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 

Web3 Gaming Top 10 Projects by Market Cap

  • ApeCoin retakes the top spot at a $1.9 billion market cap, up 5.69% on the week as the markets have heated back up.
  • This week the top 10 gaming index has a new name: Illuvium, up 12.8% at a $184 million market cap.
  • Render continues to outperform the market, up 27.8% on the week. The RNDR token is up over 300% in the last month thanks to the launch of a new foundation and the passing of a new tokenomics model.
  • MAGIC was up over 40% on the week as metaverse-related names continue to outperform. MAGIC is the utility token used to buy and sell NFTs on the Trove marketplace.     

Top 10 Gaming Projects Market Movers

Web gaming top gainers and losers

  • FLOKI leads the top gainers up 167% after Elon Musk tweets a picture of his dog Floki.  
  • WEMIX gained 102% over the past week after being listed on Coinone.
  • SENATE finished the week up 55% as investors speculate on the AI aspect of the project. 
  • COCOS and Decentral games rounded out the top 5 gainers without any significant news. 
  • The losers this week were led by DeRace and Aurory without any significant news. 


  • 2/17/23: Blockchain gaming studio Unagi raised 4.7 million euros led by Sisu Game Ventures. Link
  • 2/17/23: Nefta, a UK-based Web3 gaming and entertainment platform, raised a $5M seed investment funded by venture firm Play Ventures’ Future Fund. Link

Games Launched

  • Zombie Outbreak Survival is a survival-themed MMORPG on WAX.
  • Apex Kings is a car collecting and racing game on WAX
  • Waxel is based on the popular Waxel Ninjas Collection found on the WAX blockchain.
  • The Forge Arena is an FPS game built on WAX blockchain. 
  • GONFTY is building an NFT Web3 on-chain gaming metaverse platform ecosystem on Myria. 
  • Pome Survival is a Web3 gaming studio centered around the $BNB ecosystem with its original content and in-house development teams.
  • Idle Mine is a free-to-play game where you convert your idle time into USDT. 
  • CYBASPACE is an MMORPG that gives you the power to own and trade everything in a vast cosmos of fast-paced action, puzzle solving & complete customization.
  • Neos Metaverse is a peer-to-peer virtual reality metaverse for creators, educators and online communities.
  • Titans of War is a historic trading card game on ImmutableX.

Upcoming Launchpad 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