Altcoins were also battered, and leading GameFi tokens recorded losses.
- GameFi projects raised more than $11 million this week.
- DappRadar winds down operations.
- Web3 gaming tokens pull back.
https://twitter.com/WatcherGuru/status/1991778712044597616
https://twitter.com/coinbureau/status/1991534419828785634
https://twitter.com/wiseadvicesumit/status/1991768302939701690
Here is what happened in GameFi this week.
- AlphaTON is loading up on Toncoin and staking while expanding into gaming, media, and payments across the Telegram ecosystem. Its $30 million digital asset tranche now sits at $28.6 million after TON’s pullback.
https://twitter.com/AlphaTONCapital/status/1991192082069733712
- Wizzwoods just locked in a $10 million Series A led by Animoca Brands and IVC, giving its cross-chain idle farming world a serious power-up.
https://twitter.com/WizzwoodsGame/status/1990618467960295668
- XOCIETY just secured $1.6 million as it gears up for its Early Access debut on the Epic Games Store this month. The Sui-powered shooter is bringing on-chain rewards through its XO token, blending Web2 distribution with Web3 incentives.
https://twitter.com/xocietyofficial/status/1991114238933471326
GameFi Sector Review
The trenches are fearful, and degens are no longer throwing caution to the wind. The Crypto Greed and Fear Index has dropped to 11, marking extreme fear in the market. Exactly one year ago, the index was at its peak, 88, pointing to extreme greed.
Surprisingly, the index is lower than when FTX collapsed in 2022.
https://twitter.com/Coinvo/status/1991827159963545796
Top Gainers
Top Decliners
Web3 gaming barely moved this week on DeFiLlama’s narrative tracker, with only two crypto sectors in the green.
Web3 Gaming News This Week
DappRadar Shuts Down
https://twitter.com/DappRadar/status/1990430373055013066
MapleStory Universe Gets a Power Boost
https://twitter.com/Nexpace_HQ/status/1991159880192029072
What You Can Do Now
- Trade with discipline to sidestep capitulation as the market weakens.
- Track ETF flows to understand smart money positioning and adjust your strategy.
- Monitor VC allocations to spot emerging opportunities in GameFi before they trend.
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