P2E and Web3 Weekly Review (June 2- June 9)
Web3 games rely on regular challenges, as well as prizes and events to retain users.
Games continue to shift from the P2E model to more sustainable prize pool models, or Web3 ownership with special NFT. Game and app producers also seek new ways for onboarding, with a seamless wallet experience. Top games retain their spot, with new additions from move-to-earn. As the second half of the year is moving to a close, more of the older games are expecting MVP launches,
Top Events of the Week
- Sunflower Land Works for MMORPG Features
- Space Mavericks Prepares for New Airdrop
- Champions Ascension Launches Boss Event
Web3 Game News
Pegaxy Enters Brawl of Fame – While Pegaxy is rebuilding its game and hoping for a relaunch, a new challenge is making use of existing NFT. Owners that still retain their Pega may enter them into a cross-compatible NFT battle brawler.
https://twitter.com/PegaxyOfficial/status/1667154656890351619
Axie Infinity Reveals Fortune Chest Bonuses – In the next few days, Axie Infinity will showcase its Fortune Chess bonus system, during its Philippines event. The Chests will contain up to 10,000 SLP, Moonshards, and other crafting materials.
https://twitter.com/AxieInfinity/status/1666968804289654785
Illuvium Partners with GameStop for Popularization – Illuvium, one of the ambitious games in closed beta, aims to expand its presence. The game team partners with GameStop to reach members of the ProReward program. GameStop joined the Web3 trend as a partner of ImmutableX, after its stock gained meme status for its epic short squeeze.
6 million GameStop ProReward Members are about to hear about @illuviumio , the universe, the community, the vision, the technology.
Building product democratically, hand in hand with the end-user is the future. pic.twitter.com/wSmB1JAREk
— Nick Illuvium (@Nichola11018762) June 8, 2023
Leading Games by Number of Users
Leading Web3 games with P2E are those that manage to retain users with active sessions, playing seasons or daily challenges. Among top games, move-to-earn like SuperWalk often get close to the top. Nine Chronicles is within the top 20, along with Sunflower Land. Games rely less on token sales, and more on season prizes and special rewards.
Game
Previous Week
Current
230.22K
232.26K
Farmers World
92.85K
88.7K
82.44K
58.2K
SuperWalk
49.75K
46.97K
Sunflower Land
14.25K
13.37K
Axie Infinity
9.36K
14.62K
P2E Token Price Action
The market cap of all P2E tokens slid to $4.83B as both BTC and ETH took a step back, pressured by negative attention on Binance US for violating Securities and Exchange Commission regulations.
Upcoming Mints, Airdrops, and Giveaways
- NFTPerp from June 10
- Booost Metaverse Coming June 18
- Evil Kongs from June 10
- Fleamarket from June 15
- Mighty Dinoz from June 27
NFTs remain a factor in Web3 adoption, especially with initial onboarding. Technology expands to create adaptable dynamic NFT, as well as turn NFT into a wallet for additional items and rewards. Collections can still go through active trading periods with price spikes, though liquidity is not guaranteed. Low-cost or free mints are preferable to test out NFT ownership or potentially gain access to valuable collections.
Related Articles
Top 5 Indicators of Crypto Activity to Signal the Return of a Bull Market
Web3 space may benefit from a new crypto bull market. Here are the signs and indicators to watch out for.
P2E and Web3 Weekly Review (June 9- June 16)
Web3 projects focus on engagement and ownership, abandoning straight P2E token grinding.
P2E and Web3 Weekly Review (May 26- June 2)
Web3 games are still retaining their users, trying to offer appealing features and a way to spend their tokens within the game.