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

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.

GamePrevious WeekCurrent
Alien Worlds213.63K240.32K
Farmers World77.61K68.36K
Planet IX76.77K84.92K
Play Mining21.59K19.39K
Axie Infinity12.25K12.55K

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

Kooky Cats Free Mint

Meta Horses

Engagement Farmers

Gerbs Coming January 25

Scratchy Free Mint January 21

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.

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