P2E and Web3 Weekly Review (December 23 – December 30, 2022)

The last week of 2022 saw most games wrap up their achievements. Giveaways and special events aimed to boost engagement. Over the past few months, the crypto bear market pushed game projects to invent new reward types. Some of the games tried to stop relying on market action to build value. More and more projects went game-first, building up a quality product even before tokenzation or NFT sales. At the same time, new collections such as Honeyland kept selling out in minutes, especially when the asking price is more reasonable. More players are interested in owning, though not at the peak prices during the 2021 NFT craze. 

Top Events of the Week

• Lord of Dragons Runs in Open Beta
• Axie Infinity Shows Stills of Home Base Building on Digital Land
• Evermoon Launches in Alpha
• Star Atlas Showcases Detailed 3D Metaverse
• Magic Beasties Gains Exposure at the End of 2022

Leading Games by Number of Users

Leading games with the most on-chain transactions ended the year of relative stability, mostly remaining unchallenged. The top 10 of blockchain activity is rather dynamic, with new games trending especially during token sale events or reward seasons. But games like Alien Worlds kept up the pace, reflecting user engagement through their ongoing mini-tournaments. 

Game

Previous Week

Current

Alien Worlds

205.98K

203.86K

Splinterlands

158.85K

194.38K

Farmers World

67.73K

72.97K

Planet IX

57.86K

61.38K

Era7: Game of Truth

31.1K

30.7K

XWorld Games

–

28.47K

Axie Infinity

8.42K

9.13K

P2E Token Price Action

The market cap of all P2E tokens headed for year-end levels around $3.159B, extending the relentless slide. The market kept losing value from a peak above $30B equivalent, affecting even top tokens, but wiping out smaller and less significant assets. 

Upcoming Airdrops and Giveaways

Travel Homies NFT on Solana

Oocca Club NYT Mint

Whitelist Spot Giveaway for Bionics Project

Sui Daily Giveaway

NFT giveaways are best used with a new wallet using only assets for gas. Only use official links for giveaways, and even then it is preferable to use an empty new wallet to avoid losses or mistakes. Always use a wallet set up to the right blockchain. 

The year ended with multiple in-game giveaways. Most games include NFT, but avoid the over-promotion and high asking prices. With diminished earnings, NFT upgrades remain important, especially in complex play-to-own games.