P2E and Web3 Weekly Review (June 9- June 16)

Web3 projects focus on engagement and ownership, abandoning straight P2E token grinding.

Games and game projects continue the shift to a more general Web3 presence, with ownership and NFT replacing P2E income. Despite the slowdown of cryptocurrency activity, Web3 gaming is looking for ways to establish its use cases. Projects are still drawing in financing, and adding new tools for connectivity and data gathering.

Top Events of the Week

Web3 Game News

Illuvium and GameStop Open Sale for NFT Skin – Players and participants in the GameStop community will be able to mint a special edition skin. Once Illuvium moves into open beta, the skins will become active in the game. 

https://twitter.com/heydomoshi/status/1668429266709540864

Axie Homeland Season 3 Launching Next Week – Axie Homeland will renew its active building season, this time launching a type of renting for land plots. Land delegation is live just in time for Season 3 Homeland. 

https://twitter.com/AxieInfinity/status/1669579746450214912

Sunflower Land Adds Auction System for Rare Items – Sunflower Land’s team shipped another feature, introducing in-game auctions for rare items as part of the game’s metaverse. The first new limited edition will be a special Pig NFT with a supply of just 500.

https://twitter.com/0xSunflowerLand/status/1669534862267797504

Mobox Expands Portfolio with MoDragon – Mobox, one of the most prominent P2E and Web3 games on Binance Smart Chain, is adding another playable feature. MoDragon is still in the early stages, and will showcase its capabilities and art in the coming weeks. 

https://twitter.com/MOBOX_Official/status/1669661317148590082

Leading Games by Number of Users

Top games retain their order, and have not shed players in the past week. Leading games also see new additions and active participation, linked to NFT usage or regular payouts. Among the top 20 of games, competition is still highly active, offering a glimpse at potentially successful games. Axie Infinity is now far from its peak performance, though the game is still prominent on social media.

GamePrevious WeekCurrent
Alien Worlds232.26K232.09K
Farmers World88.7K86.56K
Splinterlands58.2K67.05K
SuperWalk46.97K46.74K
Sunflower Land13.37K12.99K
Axie Infinity14.62K11.12K

P2E Token Price Action

The market cap of all P2E tokens crashed to $3.9B after another week of crypto price weakness. BTC falling under $35K and ETH back at $1,600 dragged down P2E tokens as well. 

Upcoming Mints, Airdrops, and Giveaways

NFT with the right pricing and mint access are still popular. Users are also challenged by spam NFT dropping into their wallets, and potential scams and malicious links. Still, NFT trading and data-driven price action are attracting enthusiasts. Collections are still going through boom periods, creating demand for new accessible mints with the potential for price growth.

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