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Axie Infinity Tokens Surge Amid Major Tokenomics ReformsOn January 23, Axie Infinity ecosystem tokens AXS and SLP have experienced significant growth over several weeks. According to BlockBeats, AXS has surged over 247% in the past 30 days, raising its market capitalization to $748 million, while SLP has increased by more than 42%, reaching a market cap of $38.48 million. The primary driver behind this surge is the aggressive tokenomics reform introduced by Axie Infinity's developer, Sky Mavis, at the beginning of 2026. Starting January 7, the emission of SLP in the Origins mode was completely halted, effectively disrupting the 'farm-and-dump' cycle of automated bot farms. This move significantly reduced the daily supply of SLP, decreasing inflationary pressure by over 30% and alleviating long-term selling pressure. Additionally, Sky Mavis introduced bAXS (Bonded AXS), a non-transferable token that replaces the previous freely tradable AXS game reward mechanism. The new token is bound to player accounts and can only be used for in-game consumption, staking, or governance. Players with high reputations benefit from lower transaction fees when selling, aiming to reward genuine players rather than short-term speculators, further creating supply contraction expectations and curbing bot proliferation. These structural changes are considered the largest economic model overhaul for Axie Infinity since its peak in 2021. Co-founder Jihoz emphasized that 2026 will involve taking 'greater risks,' including upcoming content updates like Atia's Legacy MMO Beta, to revitalize player engagement and ensure ecosystem sustainability.

Axie Infinity Tokens Surge Amid Major Tokenomics Reforms

On January 23, Axie Infinity ecosystem tokens AXS and SLP have experienced significant growth over several weeks. According to BlockBeats, AXS has surged over 247% in the past 30 days, raising its market capitalization to $748 million, while SLP has increased by more than 42%, reaching a market cap of $38.48 million.

The primary driver behind this surge is the aggressive tokenomics reform introduced by Axie Infinity's developer, Sky Mavis, at the beginning of 2026. Starting January 7, the emission of SLP in the Origins mode was completely halted, effectively disrupting the 'farm-and-dump' cycle of automated bot farms. This move significantly reduced the daily supply of SLP, decreasing inflationary pressure by over 30% and alleviating long-term selling pressure.

Additionally, Sky Mavis introduced bAXS (Bonded AXS), a non-transferable token that replaces the previous freely tradable AXS game reward mechanism. The new token is bound to player accounts and can only be used for in-game consumption, staking, or governance. Players with high reputations benefit from lower transaction fees when selling, aiming to reward genuine players rather than short-term speculators, further creating supply contraction expectations and curbing bot proliferation.

These structural changes are considered the largest economic model overhaul for Axie Infinity since its peak in 2021. Co-founder Jihoz emphasized that 2026 will involve taking 'greater risks,' including upcoming content updates like Atia's Legacy MMO Beta, to revitalize player engagement and ensure ecosystem sustainability.
Axie Infinity's AXS Token Experiences Significant Surge in 2026Axie Infinity's AXS token has seen a remarkable increase of over 200% in 2026. According to NS3.AI, this surge is attributed to new token structures, robust trading activity in South Korea, and a renewed interest in GameFi. Despite the impressive price rise, on-chain data reveals an increase in token supply on exchanges, stagnant user growth, and heightened speculative futures activity, which raises concerns about the sustainability of this trend. Investors are encouraged to consider the strong demand alongside these cautionary indicators, especially given the high volatility and risks of liquidation.

Axie Infinity's AXS Token Experiences Significant Surge in 2026

Axie Infinity's AXS token has seen a remarkable increase of over 200% in 2026. According to NS3.AI, this surge is attributed to new token structures, robust trading activity in South Korea, and a renewed interest in GameFi. Despite the impressive price rise, on-chain data reveals an increase in token supply on exchanges, stagnant user growth, and heightened speculative futures activity, which raises concerns about the sustainability of this trend. Investors are encouraged to consider the strong demand alongside these cautionary indicators, especially given the high volatility and risks of liquidation.
GameFi Tokens Show Signs of Recovery in Early 2026After a challenging 2025, which saw GameFi tokens decline by approximately 75%, early 2026 is witnessing signs of stabilization. According to NS3.AI, there is increased on-chain activity on gaming-focused chains such as Base and Sei. Key GameFi tokens like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) are at the forefront of this recovery. This resurgence is attributed to improved community sentiment, favorable technical setups, and whale accumulation. Although the recovery is still in its early stages, these developments suggest that the most severe phase of the GameFi downturn may be coming to an end.

GameFi Tokens Show Signs of Recovery in Early 2026

After a challenging 2025, which saw GameFi tokens decline by approximately 75%, early 2026 is witnessing signs of stabilization. According to NS3.AI, there is increased on-chain activity on gaming-focused chains such as Base and Sei. Key GameFi tokens like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) are at the forefront of this recovery. This resurgence is attributed to improved community sentiment, favorable technical setups, and whale accumulation. Although the recovery is still in its early stages, these developments suggest that the most severe phase of the GameFi downturn may be coming to an end.
Ubisoft Halts Rainbow Six Siege Services Following Major HackAccording to Cointelegraph, French video gaming giant Ubisoft has temporarily suspended the live services of its popular game, Rainbow Six Siege, after hackers breached the system and distributed 2 billion in-game credits to every player. The breach was confirmed by the Rainbow Six Siege team on Dec. 27 via X, with subsequent updates leading to the suspension of the game's servers and marketplace the following day. Players reported on social media that hackers had gained control over significant parts of the game's online systems, resulting in all players receiving 2 billion in-game R6 credits upon logging in, along with rare items such as skins and guns. Additionally, the hackers reportedly took control of the game's messaging and banning systems, as evidenced by screenshots shared by players. Given that 15,000 R6 credits are typically sold for $99.99, players would need to spend approximately $13.33 million to accumulate 2 billion points. In a post on X dated Dec. 28, the Rainbow Six Siege team announced efforts to reverse the in-game credits received after 11 AM UTC. "A rollback is currently ongoing and afterwards, extensive quality control tests will be executed to ensure the integrity of accounts and effectiveness of changes," the team stated. They assured players that the situation is being handled with extreme care, though the timing of the resolution cannot be guaranteed. Players were also informed that they would not face bans for spending any of the credits they received. The game is currently undergoing testing with a limited number of players as part of a soft-launch strategy. "Opening the game to a small number of players only, while we complete live tests. More information on the rollback and full live relaunch to come," the team communicated on X. Rainbow Six is a significant franchise under Ubisoft, with its Siege title averaging over 34,000 active players daily in December, according to Active Player data. The incident highlights the challenges of managing in-game currency transactions, which would be more complex if the game utilized decentralized cryptocurrencies like Bitcoin and Ether. Ubisoft has been active in the blockchain gaming space, collaborating with Immutable earlier this year to integrate with Web3 games such as Might & Magic. This breach underscores the ongoing security challenges in the gaming industry, particularly as it intersects with blockchain technology.

Ubisoft Halts Rainbow Six Siege Services Following Major Hack

According to Cointelegraph, French video gaming giant Ubisoft has temporarily suspended the live services of its popular game, Rainbow Six Siege, after hackers breached the system and distributed 2 billion in-game credits to every player. The breach was confirmed by the Rainbow Six Siege team on Dec. 27 via X, with subsequent updates leading to the suspension of the game's servers and marketplace the following day.

Players reported on social media that hackers had gained control over significant parts of the game's online systems, resulting in all players receiving 2 billion in-game R6 credits upon logging in, along with rare items such as skins and guns. Additionally, the hackers reportedly took control of the game's messaging and banning systems, as evidenced by screenshots shared by players. Given that 15,000 R6 credits are typically sold for $99.99, players would need to spend approximately $13.33 million to accumulate 2 billion points.

In a post on X dated Dec. 28, the Rainbow Six Siege team announced efforts to reverse the in-game credits received after 11 AM UTC. "A rollback is currently ongoing and afterwards, extensive quality control tests will be executed to ensure the integrity of accounts and effectiveness of changes," the team stated. They assured players that the situation is being handled with extreme care, though the timing of the resolution cannot be guaranteed. Players were also informed that they would not face bans for spending any of the credits they received.

The game is currently undergoing testing with a limited number of players as part of a soft-launch strategy. "Opening the game to a small number of players only, while we complete live tests. More information on the rollback and full live relaunch to come," the team communicated on X. Rainbow Six is a significant franchise under Ubisoft, with its Siege title averaging over 34,000 active players daily in December, according to Active Player data.

The incident highlights the challenges of managing in-game currency transactions, which would be more complex if the game utilized decentralized cryptocurrencies like Bitcoin and Ether. Ubisoft has been active in the blockchain gaming space, collaborating with Immutable earlier this year to integrate with Web3 games such as Might & Magic. This breach underscores the ongoing security challenges in the gaming industry, particularly as it intersects with blockchain technology.
The Daily Gwei Refuel to Resume Regular Updates in 2026According to Foresight News, Anthony Sassano, the founder of the Ethereum-focused video program The Daily Gwei, has announced that The Daily Gwei Refuel will return to its regular update schedule in 2026. Starting January 5, new episodes of the 'Refuel' program will be released every Monday. The program will remain free and continues to express optimism about Ethereum.

The Daily Gwei Refuel to Resume Regular Updates in 2026

According to Foresight News, Anthony Sassano, the founder of the Ethereum-focused video program The Daily Gwei, has announced that The Daily Gwei Refuel will return to its regular update schedule in 2026. Starting January 5, new episodes of the 'Refuel' program will be released every Monday. The program will remain free and continues to express optimism about Ethereum.
ALT5 Sigma Appoints Interim CEO Amid Stock DeclineAccording to Foresight News, ALT5 Sigma has announced a leadership change as its CEO, Peter Tassiopoulos, has been suspended by the board and relieved of his duties. Jonathan Hugh has been appointed as the interim CEO, effective immediately. This management shift comes as the company's stock has fallen nearly 20% in the past week. Data from InvestingPro indicates that the stock is down 83% from its 52-week high of $10.95. ALT5 Sigma is scheduled to release its next financial report on November 18.

ALT5 Sigma Appoints Interim CEO Amid Stock Decline

According to Foresight News, ALT5 Sigma has announced a leadership change as its CEO, Peter Tassiopoulos, has been suspended by the board and relieved of his duties. Jonathan Hugh has been appointed as the interim CEO, effective immediately. This management shift comes as the company's stock has fallen nearly 20% in the past week. Data from InvestingPro indicates that the stock is down 83% from its 52-week high of $10.95. ALT5 Sigma is scheduled to release its next financial report on November 18.
Orange Cap Games Acquires Moonbirds and Expands Web3 Gaming EcosystemAccording to BlockBeats, Orange Cap Games CEO Spencer announced that the company is engaged in one of the largest transactions in Moonbirds' history. On May 31, the blockchain gaming studio revealed its acquisition of Moonbirds, Mythics, and Oddities from Yuga Labs. This move is part of Orange Cap Games' strategy to integrate these series into its expanding Web3 gaming ecosystem.

Orange Cap Games Acquires Moonbirds and Expands Web3 Gaming Ecosystem

According to BlockBeats, Orange Cap Games CEO Spencer announced that the company is engaged in one of the largest transactions in Moonbirds' history. On May 31, the blockchain gaming studio revealed its acquisition of Moonbirds, Mythics, and Oddities from Yuga Labs. This move is part of Orange Cap Games' strategy to integrate these series into its expanding Web3 gaming ecosystem.
NHL Partners with Prediction Market Startups to Challenge Traditional Sports BettingAccording to Foresight News, the National Hockey League (NHL) has entered into a licensing agreement with prediction market startups Kalshi and Polymarket. This move aims to support their challenge against established sports betting operators like DraftKings and FanDuel. The upcoming multi-year agreement marks the NHL as the first major U.S. professional sports league to permit prediction markets to use its trademark.

NHL Partners with Prediction Market Startups to Challenge Traditional Sports Betting

According to Foresight News, the National Hockey League (NHL) has entered into a licensing agreement with prediction market startups Kalshi and Polymarket. This move aims to support their challenge against established sports betting operators like DraftKings and FanDuel. The upcoming multi-year agreement marks the NHL as the first major U.S. professional sports league to permit prediction markets to use its trademark.
SharpLink Gaming Appoints New Senior ExecutivesAccording to Foresight News, SharpLink Gaming (SBET) has announced the appointment of three industry veterans to its senior management team. Mandy Campbell has been named Chief Marketing Officer, Matthew Sheffield as Chief Investment Officer, and Michael Camarda as Chief Development Officer.Mandy Campbell previously served as the Head of Marketing at Bain Capital Crypto, where she was responsible for marketing digital assets and early-stage crypto venture funds. Matthew Sheffield led U.S. spot trading and managed the OTC trading desk for digital assets at FalconX. Michael Camarda comes from Consensys, where he was responsible for strategic development, including capital raising and mergers and acquisitions.

SharpLink Gaming Appoints New Senior Executives

According to Foresight News, SharpLink Gaming (SBET) has announced the appointment of three industry veterans to its senior management team. Mandy Campbell has been named Chief Marketing Officer, Matthew Sheffield as Chief Investment Officer, and Michael Camarda as Chief Development Officer.Mandy Campbell previously served as the Head of Marketing at Bain Capital Crypto, where she was responsible for marketing digital assets and early-stage crypto venture funds. Matthew Sheffield led U.S. spot trading and managed the OTC trading desk for digital assets at FalconX. Michael Camarda comes from Consensys, where he was responsible for strategic development, including capital raising and mergers and acquisitions.
SharpLink Gaming Secures $76.5 Million Direct Offering AgreementAccording to PANews, SharpLink Gaming, based in Minneapolis, has announced a registered direct offering agreement with an institutional investor valued at $76.5 million. The deal involves the issuance of 4.5 million common shares at $17 per share, representing a 12% premium over the October 15 closing price of $15.15. This price also exceeds the net asset value of the company's holdings of over 840,000 ETH.The investor has also been granted a 90-day premium subscription right, allowing the purchase of an additional 4.5 million shares at $17.5 per share by January 15, 2026. If fully exercised, this option could bring in approximately $78.8 million for the company.

SharpLink Gaming Secures $76.5 Million Direct Offering Agreement

According to PANews, SharpLink Gaming, based in Minneapolis, has announced a registered direct offering agreement with an institutional investor valued at $76.5 million. The deal involves the issuance of 4.5 million common shares at $17 per share, representing a 12% premium over the October 15 closing price of $15.15. This price also exceeds the net asset value of the company's holdings of over 840,000 ETH.The investor has also been granted a 90-day premium subscription right, allowing the purchase of an additional 4.5 million shares at $17.5 per share by January 15, 2026. If fully exercised, this option could bring in approximately $78.8 million for the company.
Citizens Bank Rates SharpLink Gaming as Outperform with Significant Upside PotentialAccording to BlockBeats, investment bank Citizens has initiated coverage on Ethereum treasury company SharpLink Gaming (SBET), assigning it an 'outperform' rating with a target price of $50. This suggests a potential upside of over 200% for the stock. Citizens' optimistic stance on SBET is driven by a long-term positive outlook on Ethereum's price trajectory, forecasting that ETH could surpass $7,000 by 2026 and potentially exceed $20,000 by 2030.

Citizens Bank Rates SharpLink Gaming as Outperform with Significant Upside Potential

According to BlockBeats, investment bank Citizens has initiated coverage on Ethereum treasury company SharpLink Gaming (SBET), assigning it an 'outperform' rating with a target price of $50. This suggests a potential upside of over 200% for the stock. Citizens' optimistic stance on SBET is driven by a long-term positive outlook on Ethereum's price trajectory, forecasting that ETH could surpass $7,000 by 2026 and potentially exceed $20,000 by 2030.
Web3 Smartphone Maker Nothing Secures $200 Million in Series C FundingAccording to BlockBeats, Web3 smartphone manufacturer Nothing has announced the completion of a $200 million Series C funding round, valuing the company at $1.3 billion. The round was led by Tiger Global, with participation from existing investors including GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. This latest funding brings Nothing's total financing to over $450 million. The company plans to launch its first AI-native devices next year.Previously, BlockBeats reported that in July 2023, Nothing partnered with Polygon to integrate Polygon's technology into its Nothing Phone (1) smartphone.

Web3 Smartphone Maker Nothing Secures $200 Million in Series C Funding

According to BlockBeats, Web3 smartphone manufacturer Nothing has announced the completion of a $200 million Series C funding round, valuing the company at $1.3 billion. The round was led by Tiger Global, with participation from existing investors including GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. This latest funding brings Nothing's total financing to over $450 million. The company plans to launch its first AI-native devices next year.Previously, BlockBeats reported that in July 2023, Nothing partnered with Polygon to integrate Polygon's technology into its Nothing Phone (1) smartphone.
SharpLink Gaming Reports Significant Unrealized ProfitsAccording to Foresight News, SharpLink Gaming has reported unrealized profits amounting to $760 million. This information was initially shared by Cointelegraph, highlighting the company's substantial financial position.

SharpLink Gaming Reports Significant Unrealized Profits

According to Foresight News, SharpLink Gaming has reported unrealized profits amounting to $760 million. This information was initially shared by Cointelegraph, highlighting the company's substantial financial position.
GameSquare Holdings Partners with Animecoin Foundation to Expand Web3 PresenceAccording to BlockBeats, GameSquare Holdings, Inc. (NASDAQ: GAME) has announced a strategic partnership with the Animecoin Foundation, a non-profit organization supporting the Animecoin ecosystem. This collaboration aims to enhance GameSquare's presence in the Web3 sector by adding high-potential digital assets to its balance sheet and securing a position in the rapidly growing global market.In collaboration with the Animecoin Foundation and its early contributor Azuki, an anime company based in Los Angeles that operates Anime.com and develops original IP, GameSquare plans to purchase up to $2.5 million worth of Animecoin on the open market. This move will expand its crypto-native treasury with a culturally significant digital asset that holds substantial market growth potential.Under the terms of the one-year agreement, GameSquare will serve as the official agent for the Animecoin Foundation and will receive $2.5 million worth of Animecoin in exchange for providing creative and agency services. GameSquare will assist the Animecoin Foundation in broadening its influence and solidifying its position within the global gaming enthusiast community.

GameSquare Holdings Partners with Animecoin Foundation to Expand Web3 Presence

According to BlockBeats, GameSquare Holdings, Inc. (NASDAQ: GAME) has announced a strategic partnership with the Animecoin Foundation, a non-profit organization supporting the Animecoin ecosystem. This collaboration aims to enhance GameSquare's presence in the Web3 sector by adding high-potential digital assets to its balance sheet and securing a position in the rapidly growing global market.In collaboration with the Animecoin Foundation and its early contributor Azuki, an anime company based in Los Angeles that operates Anime.com and develops original IP, GameSquare plans to purchase up to $2.5 million worth of Animecoin on the open market. This move will expand its crypto-native treasury with a culturally significant digital asset that holds substantial market growth potential.Under the terms of the one-year agreement, GameSquare will serve as the official agent for the Animecoin Foundation and will receive $2.5 million worth of Animecoin in exchange for providing creative and agency services. GameSquare will assist the Animecoin Foundation in broadening its influence and solidifying its position within the global gaming enthusiast community.
MapleStory Universe Scheduled for Temporary MaintenanceAccording to PANews, MapleStory has announced that the MapleStory Universe website will undergo temporary maintenance, potentially affecting accessibility. The maintenance is scheduled for May 19, 2025, from 06:00 to 08:00 UTC+8, lasting two hours. The maintenance will impact the MapleStory Universe website, MapleStory N website, MapleStory N game client, MSU market, exchange and transfer functions, MSU explorer, and NXPC claims. The purpose of the maintenance is to conduct server checks.

MapleStory Universe Scheduled for Temporary Maintenance

According to PANews, MapleStory has announced that the MapleStory Universe website will undergo temporary maintenance, potentially affecting accessibility. The maintenance is scheduled for May 19, 2025, from 06:00 to 08:00 UTC+8, lasting two hours.

The maintenance will impact the MapleStory Universe website, MapleStory N website, MapleStory N game client, MSU market, exchange and transfer functions, MSU explorer, and NXPC claims. The purpose of the maintenance is to conduct server checks.
SEC Ends Investigation Into Ethereum Gaming Project CyberKongz, Marking Win for Web3 GamingAccording to Decrypt: Ethereum-based NFT and gaming project CyberKongz has confirmed that the U.S. Securities and Exchange Commission (SEC) has officially ended its multi-year investigation into the project, with no enforcement action taken. This marks yet another regulatory victory for Web3 companies under the crypto-friendlier climate of the Trump administration.SEC Closes Case Without ActionCyberKongz revealed via X (formerly Twitter) that the SEC had concluded its inquiry, which had spanned more than two years and included the issuance of a Wells notice last December—a formal letter indicating the possibility of legal action.“After years of litigation, unjust allegations, crippling legal fees, and the biggest hurdle we could possibly encounter—we are free,” CyberKongz stated in a celebratory post.An SEC spokesperson declined to comment, a consistent stance the agency has taken amid a string of recent dropped investigations, including high-profile cases involving Yuga Labs (creators of Bored Ape Yacht Club) and OpenSea, the largest NFT marketplace.Why Was CyberKongz Under Investigation?The SEC’s scrutiny reportedly centered around:The BANANA token, used within CyberKongz’s ecosystemA blockchain gaming componentThe 2021 migration of its Genesis Kongz NFT contractRegulators allegedly interpreted these elements as potential unregistered securities offerings, raising broader implications for Web3 gaming projects that integrate tokens.CyberKongz criticized the SEC’s token interpretation, calling it “very concerning rhetoric” that could pose risks to the entire Web3 gaming industry. With the case now closed, the team expressed hope that this outcome would provide greater clarity for similar projects.What’s Next for CyberKongz?Following the regulatory green light, CyberKongz is aiming to return to its creative roots, according to its pseudonymous founder and artist Myoo:“We have taken some hard hits; but ultimately we have come through the other side—stronger and more determined than ever. The next chapter involves going back to our roots and doing what Kongz does best.”CyberKongz originally launched its Genesis NFT collection on Ethereum in 2021 and has since expanded with companion projects, including a blockchain game on Ronin, a gaming-focused Ethereum sidechain. The game, Play & Kollect, migrated to Ronin in 2023 to better support scalable gameplay.NFT Market ContextWhile CyberKongz NFTs once fetched over $300,000 in sales, current floor prices have dropped significantly. According to NFT Price Floor, the Genesis CyberKongz collection now starts at approximately $5,447 (in ETH equivalent).Despite lower valuations across the NFT sector, this regulatory win positions CyberKongz to rebuild momentum and potentially attract renewed investor confidence in the evolving Web3 gaming space.

SEC Ends Investigation Into Ethereum Gaming Project CyberKongz, Marking Win for Web3 Gaming

According to Decrypt: Ethereum-based NFT and gaming project CyberKongz has confirmed that the U.S. Securities and Exchange Commission (SEC) has officially ended its multi-year investigation into the project, with no enforcement action taken. This marks yet another regulatory victory for Web3 companies under the crypto-friendlier climate of the Trump administration.SEC Closes Case Without ActionCyberKongz revealed via X (formerly Twitter) that the SEC had concluded its inquiry, which had spanned more than two years and included the issuance of a Wells notice last December—a formal letter indicating the possibility of legal action.“After years of litigation, unjust allegations, crippling legal fees, and the biggest hurdle we could possibly encounter—we are free,” CyberKongz stated in a celebratory post.An SEC spokesperson declined to comment, a consistent stance the agency has taken amid a string of recent dropped investigations, including high-profile cases involving Yuga Labs (creators of Bored Ape Yacht Club) and OpenSea, the largest NFT marketplace.Why Was CyberKongz Under Investigation?The SEC’s scrutiny reportedly centered around:The BANANA token, used within CyberKongz’s ecosystemA blockchain gaming componentThe 2021 migration of its Genesis Kongz NFT contractRegulators allegedly interpreted these elements as potential unregistered securities offerings, raising broader implications for Web3 gaming projects that integrate tokens.CyberKongz criticized the SEC’s token interpretation, calling it “very concerning rhetoric” that could pose risks to the entire Web3 gaming industry. With the case now closed, the team expressed hope that this outcome would provide greater clarity for similar projects.What’s Next for CyberKongz?Following the regulatory green light, CyberKongz is aiming to return to its creative roots, according to its pseudonymous founder and artist Myoo:“We have taken some hard hits; but ultimately we have come through the other side—stronger and more determined than ever. The next chapter involves going back to our roots and doing what Kongz does best.”CyberKongz originally launched its Genesis NFT collection on Ethereum in 2021 and has since expanded with companion projects, including a blockchain game on Ronin, a gaming-focused Ethereum sidechain. The game, Play & Kollect, migrated to Ronin in 2023 to better support scalable gameplay.NFT Market ContextWhile CyberKongz NFTs once fetched over $300,000 in sales, current floor prices have dropped significantly. According to NFT Price Floor, the Genesis CyberKongz collection now starts at approximately $5,447 (in ETH equivalent).Despite lower valuations across the NFT sector, this regulatory win positions CyberKongz to rebuild momentum and potentially attract renewed investor confidence in the evolving Web3 gaming space.
Immutable Token Surges Following SEC Investigation ClosureAccording to Cointelegraph, the token associated with crypto gaming leader Immutable experienced a 15% increase in value following the announcement that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into the company without further action. On March 25, the Immutable (IMX) token rose to nearly $0.74 after the firm revealed that the SEC had closed its inquiry, effectively resolving the Wells notice issued last year. The IMX token reached its highest price since March 3, prior to a broader market downturn influenced by ongoing uncertainty surrounding U.S. President Donald Trump's tariffs and interest rates, which had pushed the token down to $0.46 by March 11. At the time of publication, IMX had adjusted to $0.67, as reported by CoinMarketCap. A potential rise back to $0.70 could eliminate approximately $449,500 in short positions, according to CoinGlass data. Over the past 30 days, IMX has seen a modest increase of 0.34%, as noted by CoinMarketCap. Despite the positive news, the token's price remained relatively stable when Immutable disclosed in November that it had received a Wells notice. However, the broader market was already gaining traction as Trump's chances of winning the election appeared strong in the days leading up to his victory on November 5. Immutable's co-founder, Robbie Ferguson, expressed in a March 25 post on X that the SEC's decision to drop the investigation marked "an enormous win for Web3 gaming," emphasizing the resolution of a threat to digital ownership rights. In the gaming crypto sector, several tokens have experienced an upswing over the past 24 hours. Gala (GALA) increased by 2.78%, The Sandbox (SAND) rose by 3.78%, FLOKI (FLOKI) climbed by 1.91%, and Axie Infinity (AXS) advanced by 1.50%. IMX reached its all-time high of $9.32 in November 2021 during a significant rally in gaming tokens. Speculation continues regarding when gaming tokens might experience another substantial uptrend, as historically, they have surged following broader crypto market movements. However, over the past 30 days, the total market capitalization of gaming tokens has decreased by 3.65% to $13.13 billion, while trading volume has suffered a more significant decline, dropping 33.45% to $1.75 billion. This article does not provide investment advice or recommendations. All investment and trading activities involve risk, and readers are encouraged to conduct their own research before making decisions.

Immutable Token Surges Following SEC Investigation Closure

According to Cointelegraph, the token associated with crypto gaming leader Immutable experienced a 15% increase in value following the announcement that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into the company without further action. On March 25, the Immutable (IMX) token rose to nearly $0.74 after the firm revealed that the SEC had closed its inquiry, effectively resolving the Wells notice issued last year.

The IMX token reached its highest price since March 3, prior to a broader market downturn influenced by ongoing uncertainty surrounding U.S. President Donald Trump's tariffs and interest rates, which had pushed the token down to $0.46 by March 11. At the time of publication, IMX had adjusted to $0.67, as reported by CoinMarketCap. A potential rise back to $0.70 could eliminate approximately $449,500 in short positions, according to CoinGlass data. Over the past 30 days, IMX has seen a modest increase of 0.34%, as noted by CoinMarketCap.

Despite the positive news, the token's price remained relatively stable when Immutable disclosed in November that it had received a Wells notice. However, the broader market was already gaining traction as Trump's chances of winning the election appeared strong in the days leading up to his victory on November 5. Immutable's co-founder, Robbie Ferguson, expressed in a March 25 post on X that the SEC's decision to drop the investigation marked "an enormous win for Web3 gaming," emphasizing the resolution of a threat to digital ownership rights.

In the gaming crypto sector, several tokens have experienced an upswing over the past 24 hours. Gala (GALA) increased by 2.78%, The Sandbox (SAND) rose by 3.78%, FLOKI (FLOKI) climbed by 1.91%, and Axie Infinity (AXS) advanced by 1.50%. IMX reached its all-time high of $9.32 in November 2021 during a significant rally in gaming tokens. Speculation continues regarding when gaming tokens might experience another substantial uptrend, as historically, they have surged following broader crypto market movements.

However, over the past 30 days, the total market capitalization of gaming tokens has decreased by 3.65% to $13.13 billion, while trading volume has suffered a more significant decline, dropping 33.45% to $1.75 billion. This article does not provide investment advice or recommendations. All investment and trading activities involve risk, and readers are encouraged to conduct their own research before making decisions.
Arbitrum DAO Considers Withdrawing Support for Gaming Catalyst ProgramAccording to BlockBeats, Arbitrum DAO is currently evaluating a proposal to withdraw funding from the Gaming Catalyst Program (GCP) and reclaim 225 million ARB tokens previously allocated. The proposal argues that the program was approved under overly optimistic market expectations and has proven unsustainable. Key supporters, including Treasure DAO, have exited Arbitrum, and other significant contributors have either left or shown decreased enthusiasm. The GCP has faced criticism for lack of transparency in fund usage, increased team salaries, and reduced reporting obligations. The proposal claims the project has failed to establish basic operational and transparency standards. David Bolger, a member of the GCP committee, responded by highlighting Arbitrum's role as a significant hub for gaming projects, attracting over 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its technology stack. Launched in March 2024, the GCP aimed to foster the development of the Web3 gaming ecosystem on Arbitrum, with plans to allocate most of its funds to gaming projects over three years. Community governance discussions are ongoing, and no clear consensus has been reached yet.

Arbitrum DAO Considers Withdrawing Support for Gaming Catalyst Program

According to BlockBeats, Arbitrum DAO is currently evaluating a proposal to withdraw funding from the Gaming Catalyst Program (GCP) and reclaim 225 million ARB tokens previously allocated. The proposal argues that the program was approved under overly optimistic market expectations and has proven unsustainable. Key supporters, including Treasure DAO, have exited Arbitrum, and other significant contributors have either left or shown decreased enthusiasm. The GCP has faced criticism for lack of transparency in fund usage, increased team salaries, and reduced reporting obligations. The proposal claims the project has failed to establish basic operational and transparency standards.

David Bolger, a member of the GCP committee, responded by highlighting Arbitrum's role as a significant hub for gaming projects, attracting over 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its technology stack.

Launched in March 2024, the GCP aimed to foster the development of the Web3 gaming ecosystem on Arbitrum, with plans to allocate most of its funds to gaming projects over three years. Community governance discussions are ongoing, and no clear consensus has been reached yet.
Layer-2 Blockchain Gaming Activity Surges Amid Decline in Unique WalletsAccording to Cointelegraph, gaming activity on certain layer-2 blockchains experienced a remarkable increase of over 20,000% in February 2025, despite a decline in the number of daily unique active wallets (dUAWs). A report by DappRadar highlights that Abstract, an Ethereum layer-2 blockchain developed by Igloo, the parent company of NFT collection Pudgy Penguins, led the growth with over 20,000% in daily active unique wallets (dAUWs). Soneium, Sony’s Ethereum L2 blockchain, followed with a growth of over 3,200%, while Linea, another L2 blockchain, saw over 1,000% growth.The report identifies two games as the primary drivers of this activity surge: Treasure Ship on Abstract, which currently boasts around 72,000 UAWs, and Evermoon on Soneium, with approximately 32,000 UAWs. Despite the increase in gaming activity on layer-2 blockchains, the overall number of dUAWs dropped by 16% compared to January, settling at around 5.8 million. The report notes that while blockchain gaming has historically maintained strong market dominance, shifting economic conditions have redirected investor focus towards decentralized finance (DeFi). With market uncertainty prompting traders to exit positions, DeFi now emerges as the most dominant sector.In terms of dUAWs, the most prominent blockchains for gaming include opBNB, a layer-2 blockchain built on the BNB Smart Chain; Aptos, an independent layer-1 blockchain designed for decentralized applications; and Nebula, a Skale chain. The report also highlights a significant increase in blockchain gaming investments, which soared to $55 million in February, marking a 243% rise from January, with 92% of the funds directed towards infrastructure development.As Cointelegraph reported, blockchain gaming activity saw a substantial year-over-year surge, with daily unique active wallets increasing by 386% to 7 million. This sharp rise has led some industry observers to speculate about a potential blockchain gaming bull run in 2025, although this prospect remains under debate. One game drawing attention to blockchain use in gaming is “Off The Grid,” which plans to utilize an Avalanche subnet and generated over 100 million transactions in its first month.Despite these advancements, the sector faces challenges. Gunzilla Games Web3 director Theodore Agranat expressed concerns about the lack of new capital entering the system, noting that existing funds are merely being recycled between gaming projects. "They will just go from project to project and extract whatever value they can from that project," he explained. "And once there’s no more value to be had there, they are going to move on to another project."

Layer-2 Blockchain Gaming Activity Surges Amid Decline in Unique Wallets

According to Cointelegraph, gaming activity on certain layer-2 blockchains experienced a remarkable increase of over 20,000% in February 2025, despite a decline in the number of daily unique active wallets (dUAWs). A report by DappRadar highlights that Abstract, an Ethereum layer-2 blockchain developed by Igloo, the parent company of NFT collection Pudgy Penguins, led the growth with over 20,000% in daily active unique wallets (dAUWs). Soneium, Sony’s Ethereum L2 blockchain, followed with a growth of over 3,200%, while Linea, another L2 blockchain, saw over 1,000% growth.The report identifies two games as the primary drivers of this activity surge: Treasure Ship on Abstract, which currently boasts around 72,000 UAWs, and Evermoon on Soneium, with approximately 32,000 UAWs. Despite the increase in gaming activity on layer-2 blockchains, the overall number of dUAWs dropped by 16% compared to January, settling at around 5.8 million. The report notes that while blockchain gaming has historically maintained strong market dominance, shifting economic conditions have redirected investor focus towards decentralized finance (DeFi). With market uncertainty prompting traders to exit positions, DeFi now emerges as the most dominant sector.In terms of dUAWs, the most prominent blockchains for gaming include opBNB, a layer-2 blockchain built on the BNB Smart Chain; Aptos, an independent layer-1 blockchain designed for decentralized applications; and Nebula, a Skale chain. The report also highlights a significant increase in blockchain gaming investments, which soared to $55 million in February, marking a 243% rise from January, with 92% of the funds directed towards infrastructure development.As Cointelegraph reported, blockchain gaming activity saw a substantial year-over-year surge, with daily unique active wallets increasing by 386% to 7 million. This sharp rise has led some industry observers to speculate about a potential blockchain gaming bull run in 2025, although this prospect remains under debate. One game drawing attention to blockchain use in gaming is “Off The Grid,” which plans to utilize an Avalanche subnet and generated over 100 million transactions in its first month.Despite these advancements, the sector faces challenges. Gunzilla Games Web3 director Theodore Agranat expressed concerns about the lack of new capital entering the system, noting that existing funds are merely being recycled between gaming projects. "They will just go from project to project and extract whatever value they can from that project," he explained. "And once there’s no more value to be had there, they are going to move on to another project."
Blockchain Gaming Sees Significant Growth in January 2025According to Cointelegraph, blockchain gaming experienced a substantial increase in onchain activity in January 2025, with a threefold rise compared to the same period last year. A report from blockchain analytics platform DappRadar highlighted that Web3 games attracted over 7 million unique active wallets (UAW) daily last month, marking a 386% surge from January 2024.DappRadar analyst Sara Gherghelas noted that this growth indicates strong momentum and resilience within the industry, despite short-term fluctuations. She emphasized that blockchain gaming is entering a maturation phase, driven by advancements in layer-2 technologies, evolving token economies, and collaborations with AAA game developers, such as Gunzilla Games' "Off The Grid." The emergence of new gaming ecosystems, the increasing traction of artificial intelligence, and the refinement of gameplay mechanics, reward structures, and community engagement in top-performing titles were also highlighted as key factors in this growth.OpBNB emerged as the leading gaming blockchain in January, followed by Matchain, while Polygon recorded a 100% increase in gaming activity compared to the previous month. Gherghelas pointed out that new ecosystems, although not all meeting the traditional AAA gaming standards, demonstrated significant technical advancements and creative approaches that are shaping the future of blockchain gaming. The report also noted the growing integration of AI elements into gameplay, reflecting a broader industry trend.In related developments, stablecoin issuer Tether announced its venture into AI applications on February 6. CEO Paolo Ardoino revealed that the company is developing an AI translator, voice assistant, and a Bitcoin (BTC) wallet assistant. Across the entire decentralized application (DApp) ecosystem, there were 26.7 million daily UAW, with decentralized finance (DeFi) slightly outpacing gaming by a margin of 1%.Despite the growth in blockchain gaming activity, investment in the sector saw a decline. In 2024, blockchain gaming and metaverse projects attracted $1.8 billion, representing a 38% year-over-year decrease. Gherghelas attributed this drop to broader economic trends and a shift towards deploying previously raised capital into active projects. She added that while investment figures began conservatively, key funding rounds indicate continued confidence in Web3 gaming infrastructure and innovation.

Blockchain Gaming Sees Significant Growth in January 2025

According to Cointelegraph, blockchain gaming experienced a substantial increase in onchain activity in January 2025, with a threefold rise compared to the same period last year. A report from blockchain analytics platform DappRadar highlighted that Web3 games attracted over 7 million unique active wallets (UAW) daily last month, marking a 386% surge from January 2024.DappRadar analyst Sara Gherghelas noted that this growth indicates strong momentum and resilience within the industry, despite short-term fluctuations. She emphasized that blockchain gaming is entering a maturation phase, driven by advancements in layer-2 technologies, evolving token economies, and collaborations with AAA game developers, such as Gunzilla Games' "Off The Grid." The emergence of new gaming ecosystems, the increasing traction of artificial intelligence, and the refinement of gameplay mechanics, reward structures, and community engagement in top-performing titles were also highlighted as key factors in this growth.OpBNB emerged as the leading gaming blockchain in January, followed by Matchain, while Polygon recorded a 100% increase in gaming activity compared to the previous month. Gherghelas pointed out that new ecosystems, although not all meeting the traditional AAA gaming standards, demonstrated significant technical advancements and creative approaches that are shaping the future of blockchain gaming. The report also noted the growing integration of AI elements into gameplay, reflecting a broader industry trend.In related developments, stablecoin issuer Tether announced its venture into AI applications on February 6. CEO Paolo Ardoino revealed that the company is developing an AI translator, voice assistant, and a Bitcoin (BTC) wallet assistant. Across the entire decentralized application (DApp) ecosystem, there were 26.7 million daily UAW, with decentralized finance (DeFi) slightly outpacing gaming by a margin of 1%.Despite the growth in blockchain gaming activity, investment in the sector saw a decline. In 2024, blockchain gaming and metaverse projects attracted $1.8 billion, representing a 38% year-over-year decrease. Gherghelas attributed this drop to broader economic trends and a shift towards deploying previously raised capital into active projects. She added that while investment figures began conservatively, key funding rounds indicate continued confidence in Web3 gaming infrastructure and innovation.
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