GameFi projects, the beloved stars of the cryptocurrency industry during the bullish period from 2020 to 2022, have made a highly anticipated comeback as Bitcoin (BTC) sets its sights on all-time highs.
On May 15, Immutable, the Ethereum Web3 gaming studio, announced the launch of its flagship game, Guild of Guardians (GOG), on Google Play and the Apple App Store. Guild of Guardians takes players on a journey into Elderym, a world on the verge of destruction by the Dread. To save the world, players must gather a team of Guardians and embark on an adventure, battling through dungeons and bosses to earn GOG token rewards.
Chris Clay, the director of Immutable Games, revealed that the team plans to showcase the Immutable Passport and Immutable zkEVM. He stated, “The past fifteen months have been a whirlwind of development, laying the foundation for a game and universe that we have only just begun to build upon.”
To celebrate the game’s launch, developers have allocated $1 million in GOG tokens and various nonfungible tokens (NFTs) of heroes as additional rewards.
Immutable’s Guild of Guardians gameplay: Source: YouTube
In other news, on April 22, Animoca Brands Japan announced its partnership with Square Enix, the creator of the Final Fantasy series, to develop a nonfungible token (NFT) hero game called Symbiogenesis. Animoca Brands Japan will provide support for Symbiogenesis by utilizing its expertise in the international expansion of Japanese projects, global NFT sales and marketing activities, and by promoting collaboration opportunities within Animoca Brands’ extensive network of portfolio companies and partners.
In Symbiogenesis, players will immerse themselves in a devastated high fantasy world and solve riddles through missions centered around the theme of monopoly and distribution. The game offers 10,000 NFT characters, which can also be used as personal profile pictures.
On April 19, Cointelegraph reported that the ARPG classic dark fantasy game, Seraph: In the Darkness, developed by Seraph Studio and built on Arbitrum, has achieved sales of over 11,000 Ether through multiple in-game NFT sales of heroes, in-game equipment, priority passes, and more. The game is continuously evolving and is currently in the preseason phase.
Seraph: In the Darkness gameplay. Source: Steam
Similarly, on May 13, Pixels, a casual Web3 game that provides players with an open-ended world of farming and exploration, surpassed 1 million daily active players. Over the past month, it has generated $4.4 million in token revenue from VIP subscriptions and in-game transactions. In February, the game reached a valuation of $2.7 billion after migrating to the gaming blockchain Ronin and listing its token on the crypto exchange Binance.
Unlike the previous cycle, new projects have taken the spotlight in the current crypto bull market. Two years ago, the fantasy monster battle NFT game Axie Infinity accounted for nearly two-thirds of all blockchain GameFi NFT transactions. However, the number of Axie Infinity players has fallen from around 2.7 million per month to 342,353.
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