P2E and Web3 Weekly Review (December 16 – December 23, 2022)

The pre-holiday week was marked by multiple game giveaways and special events. In 2022, P2E gaming gave rise to Web3, with a focus on ownership and copyrights, instead of grinding for earnings. Multiple types of games launched in 2022, relying on various forms of community-building and tournaments to build value. The past year saw a rise in new 3D FPS and attempts to revive classic medieval fantasy. 

Top Events of the Week

• Honeyland Sells Out NFT Mint Event in Minutes
• Axie Infinity Approved for Google Play Store
• Pegaxy Brings Update with More Off-Chain Activities
• Wizzare Opens Early Testing
• My Neighbor Alice Opens Alpha Season 2

Leading Games by Number of Users

Top games took a setback as the holiday season approaches, losing some of their players. However, more and more games switch to off-chain interaction, building a user base and communities with few actual token and NFT transfers. More games are trying to encourage players to upgrade their world, instead of cashing out, thus transforming into a Web3 project. Despite this, top games on high-speed blockchains still drive NFT and token usage.

Game

Previous Week

Current

Alien Worlds

237.16K

205.98K

Splinterlands

199.08K

158.85K

Farmers World

68.86K

67.73K

Planet IX

45.67K

57.86K

Era7: Game of Truth

29.51K

31.1K

Benji Bananas

34.65K

28.96K

Axie Infinity

11.08K

8.42K

P2E Token Price Action

The market cap of all P2E tokens continued losing, down to $3.519B with generally lowered token-based activity. Despite this, the value of NFT as a tool for ownership has remained, even as collections are down from peak trading levels.

Upcoming Airdrops and Giveaways

MemePal NFT Mint with Giveaway

The Oocca Club Free to Mint NFT Box

Sui Max Task-Based Whitelist Spot Giveaway

The Sandbox New Year No Bear Giveaway

NFT ownership continues to be an important element of Web3. Yet fewer projects go for a high-priced mint, and some decide on a low-cost or even free giveaways. Others allow players to only mint items after in-game achievements or enough time invested. 

The year-end is also driving multiple small-scale giveaways. The best approach is to use a new wallet with no valuable assets, in case of malicious NFT links. Only follow official links for high-profile collections to avoid being scammed with copycat NFT or through malicious smart contracts.