The crypto gaming market and #NFT witnessed a lively week with a series of notable events, from token launches, in-game events, to promising new projects. Here are the most notable highlights from the past week:
The New Token Launch Craze
A series of gaming platforms on $ETH held token generation events (TGE) this week:
• Nifty Island launched token ISLAND with a market cap of 15 million USD.
• Kaidro, a brand integrating webcomic, crypto game, and animated series, released token KDR with a market cap over 10 million USD.
• Moonray, a battle arena game, also launched token MNRY on Ethereum.
In addition, the Tomarket token (TOMA) on #Aptos faced difficulties after its launch, with a 50% price drop, and the development team is seeking to reassure the community.
Special Event: Santa Brings Bitcoin to Games
The mobile game Bitcoin Miner launched the Christmas event Santa’s Moonshot, allowing players to earn additional satoshis – the smallest unit of $BTC . In this event, players will build rockets, mine fake currencies like “Snowlana” and “Elfereum,” while receiving real Bitcoin rewards.
CyberKongz Faces Legal Issues
The NFT game project CyberKongz received a notice from the U.S. Securities and Exchange Commission (SEC) about potential violations of securities laws. According to #SEC , the issuance of ERC-20 tokens alongside blockchain games may be considered a securities issuance without registration. CyberKongz stated it would fight to protect the rights of the industry.
Special Collaboration Between NBA and Crypto
The Philadelphia 76ers basketball team partnered with Crypto.com to launch the mobile game Spectrum Sprint. The game features pixel art style, allowing players to navigate famous landmarks in Philadelphia and receive exclusive digital rewards.
Other News Highlights
• Pixelverse announced a new strategy game MemeBattle.
• Ragnarok: Landverse is expected to launch on the Ethereum layer-2 network Ronin in Q1/2025.
• Mocaverse's Cosmic Royale game officially released on Steam and Epic Games.
• MMORPG The Forgotten Runiverse postponed its major event to January 2025.
• Rumble Kong League launched a basketball game on iOS and Android.
Conclusion
Last week was a testament to the continuous development of the blockchain gaming industry, bringing new opportunities for both investors and gamers. From the token craze to in-game events, this industry is becoming more vibrant than ever.
