P2E and Web3 Weekly Review (January 13 – January 20, 2023)
Axie Infinity entered its Season 2 for the main Origins game, with increasing rarity for item rewards.
The gaming sector in early 2023 is becoming more diverse, with new types of games flowing into the space. FPS and third-person shooters and brawlers are taking over. Rapid farming games are falling out of favor, as most players learn that they cannot recover their initial investment. The new trend is for games to offer free access.
Top Events of the Week
- Ev.IO Prepares for January 24 Mint
- Pegaxy Brings Game Overhaul Roadmap
- Mines of Dalarnia Tests Multiplayer Mode
- Bladerite Prepares for Early Alpha Testing
- Snake City Prepares for Mobile App Launch
Leading Games by Number of Users
Among leading games, players seem to be returning, with some gaining nearly 30% more players since last week. The model of games with multiple microtransactions remains strong, especially those that offer constant daily events and global engagement. Axie Infinity entered a new stage in its Origins Season 2, dedicated to increasing reward rarity. The game broke above 13K players per day, with the potential to grow engagement as the season progresses. The new season is also going without SLP rewards, turning the main game token deflationary and eating into the supply.
Game
Previous Week
Current
213.63K
240.32K
201.76K
198.46K
Farmers World
77.61K
68.36K
Planet IX
76.77K
84.92K
Upland
22.4K
24.05K
Play Mining
21.59K
19.39K
Axie Infinity
12.25K
12.55K
P2E Token Price Action
The market cap of all P2E tokens rallied to $5.2B as BTC continued its rally above $21,000 and ETH stood solidly above $1,500.
Upcoming Airdrops and Giveaways
Most games have delayed NFT minting for users that already have some engagement. Others make NFT minting optional within the game, for users that want to preserve certain assets like digital land, items or advancements.
Solana keeps inviting mints, having recovered its reliability with no recent network outages. Ethereum remains one of the leading networks for both old and new collections. Although the NFT hype is not comparable to its peak, there is still interest in new collections. Be prepared to use a new wallet for mints and only follow official links. Avoid sales or mints sent through direct messages.
Related Articles
P2E and Web3 Weekly Review (May 12- May 19)
Games try to retain their player base with special events, prize pools and daily activities.
AXS Surges 53% and RON Gains 15% as Gaming Tokens Defy Crypto Bear Sentiment
Axie Infinity's AXS token surged more than 53% on April 25 while RON gained 15.5%, as gaming tokens staged a coordinated rally against a backdrop of Extreme Fear in the broader crypto market. The move triggered $1.33M in short liquidations and pushed AXS trading volume past its own market cap.
P2E and Web3 Weekly Review (June 23- June 30)
Games continue to switch to Web3, or seek sustainable Web2 models with paid events and prize pools.