The crypto and NFT gaming industry is currently experiencing a significant amount of activity, with new games, token launches, and other developments happening regularly. To help you stay up to date, Decrypt’s GG presents This Week in Crypto Games, a weekend roundup of the latest news in the space, along with some original stories from the week.
One of the biggest news items from the past week was the token launch frenzy on the Ethereum blockchain. Projects like Nifty Island, Kaidro, and Moonray all launched their tokens, with market caps reaching impressive figures. Additionally, the Tomarket (TOMA) token launched on Aptos, but faced challenges with a 50% price drop post-launch.
In the spirit of the holiday season, the mobile crypto game Bitcoin Miner introduced a special event called Santa’s Moonshot where players can earn extra Bitcoin by participating in Christmas-themed activities within the game. Players can earn bonus satoshis while building a rocket and mining fake coins like Snowlana and Elfereum.
On the regulatory front, the U.S. Securities and Exchange Commission issued a Wells notice to NFT gaming project CyberKongz, indicating potential enforcement actions based on preliminary investigations. The team behind CyberKongz plans to defend against the SEC’s position that tokens must be registered as securities if used in a blockchain game.
In partnership with Crypto.com, NBA team Philadelphia 76ers launched a free-to-play mobile game called Spectrum Sprint, featuring Web3 elements. Players can collect digital assets and compete for prizes by navigating Philadelphia landmarks in a pixel art style game.
In case you missed it, there were several other notable developments in the crypto gaming space, including new game announcements, upcoming token launches, and platform launches. Projects like Pixelverse, Farm Frens, Evergreen, Pixels, Ragnarok: Landverse, W-Coin, Lamborghini’s Fast ForWorld, and many more made announcements and updates.
Overall, the crypto and NFT gaming industry is buzzing with activity, from token launches to new game releases. With the constant influx of news and updates, staying informed about the latest developments is key for anyone interested in this innovative and rapidly evolving space. Keep an eye on Decrypt’s GG for more insights into the exciting world of crypto games.