It was a volatile week in which the GameFi sector’s market cap slid 4% to $13 billion while trading volume spiked 26% to $2.6 billion.
- GameFi tokens in the red despite the Fed’s rate cut.
- Mythical Games partners with Sam Altman-backed World.
- Gala sunsets three Telegram games.
- Sam Altman-backed World is teaming up with Mythical Games to bring “proof-of-human” IDs to hit titles like FIFA Rivals, NFL Rivals and Pudgy Party. The partnership aims to verify real players and kick bots off the field, blending digital ID tech with Web3 gaming.
- Yuga Labs is launching Koda Nexus, the social core of its Otherside metaverse, on Nov. 12 with an Amazon NFT avatar drop. After years of testing, the Bored Ape creator is finally bringing its open-world game to life as an always-on digital playground.
It was a volatile week in which the GameFi sector’s market cap slid 4% to $13 billion while trading volume spiked 26% to $2.6 billion.
Top Gainers
Top Decliners
Many sectors lagged this week, but it was a double blow for GameFi as it slipped from 13th to 18th on DeFiLlama’s narrative tracker.
Ragnarok: Game Over
Ragnarok: Monster World is shutting down on Dec. 29 after a rocky year. The move follows its split from Ronin Network, underscoring how tough survival can be in the GameFi arena.
Gala’s Next Move
What You Can Do Now
- Manage your risk as volatility takes center stage this week.
- Track VC funding to spot where GameFi capital is heading.
- Monitor macro trends that could shape the next market move.
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