July 2022 GameFi Industry Monthly Report

This report will review the market trend and important information of GameFi in July from four aspects: overall market, market sentiment, investment layout and key news.

The data in the report is provided by My MetaData. My MetaData is a data-driven GameFi analysis platform that helps users discover GameFi investment opportunities through Twitter popularity, on-chain data, and institutional dynamics.

1. Overall market situation

According to My MetaData data, the number of the latest GameFi games in July was 1,540, an increase of about 3% compared to June. The number of active users at the end of the month was 845,405, an increase of about 6% compared with the end of June.

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

The overall active data of chain games in July showed an upward trend, with two larger waves on July 14 and July 27 respectively. The increase in these two waves of active data is mainly reflected in the two public chains of Solana and Tron.

Let’s look at the July transaction data. The overall trend of transaction times is on the rise, but the transaction volume is opposite to the curve of active users, indicating that the overall transaction level of the chain game market has not improved significantly.

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

From the specific distribution point of view, the public chain with the highest transaction frequency is WAX, and the main contribution of transaction volume comes from Ronin.

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

Data source: mymetadata.io

2. Market sentiment

Compared with June, the popularity of GameFi-related topics increased slightly in July, and the overall market sentiment was relatively stable. The overall trend of the topic is consistent with the trend of the number of transactions in the chain game trading market.

Data source: mymetadata.io

Data source: mymetadata.io

Additionally, after tracking and analyzing 52,402 tweets from Twitter KOLs, we found that the top 20 most talked about games by KOLs in July are as follows:

Data source: mymetadata.io

Data source: mymetadata.io

Among them, The Otherside, which ranks first, is far ahead, and the games ranked 2 to 6 belong to the second tier. The discussion of the remaining games is not much different, showing a stalemate. StepN dropped from the top of the list last month to the seventh this month, indicating that its popularity has been difficult to continue.

The top 3 projects: The Otherside, Gala Games and Metamon are all Metaverse series games, backed by strong publicity resources, which also reflects the deep connection between future head games and capital, developers and market resources. The Otherside is jointly developed by AnimocaBrands and YugaLabs, the developer of The Boring Ape (BAYC); the Gala Games game platform has also launched a number of games and has cooperated with many partners such as game engine supplier Unity Technologies; and Metamon is Radio Caca The first blockchain game on (RACA).

3. Financing

In July, the total number of top VC investment events reached 192, involving a total amount of 7.425 billion US dollars, of which the GameFi field accounted for 23%. The number of financing events in the GameFi field in July was basically the same as that in June, but the total amount involved was much higher. The specific data are: 44 financing events in June, with a total amount of 414 million US dollars; 45 financing events in July, The total amount involved is US$562 million.

Data source: mymetadata.io

Data source: mymetadata.io

In the GameFi field, the proportion of VC’s investment in GameFi infrastructure and chain games has increased compared to June, while the proportion of investment in guilds has decreased. Judging from the current development situation of guilds, the leading guilds still control the advantageous resources of the market, and although other small guilds are scattered everywhere, there are still no new guilds that can squeeze into the leading camp.

Data source: mymetadata.io

Data source: mymetadata.io

A total of 15 chain games received financing in July, involving a total amount of 150 million US dollars. Among them, the types of games are mainly move to earn and combat games, which can also reflect the game preferences of players in the current market.

Data source: mymetadata.io

Data source: mymetadata.io

4. Important news

1. Security team: The Discord server of the P2E game Haunted Space was hacked

Security team CertiK tweeted that the Discord server of P2E game Haunted Space was hacked, the hackers posted phishing links and locked all chat channels.

2. The Chinese game giant WeMade launched the chain game platform Wemix Play, which can trade game items and NFTs

According to Yonhap News Agency, South Korean gaming giant WeMade has launched Wemix Play, a blockchain gaming platform where users can trade game items and NFTs with virtual currency. The platform supports related information and functions such as game center, token market value, token exchange, auction and pledge. At the same time, the mainnet WeMix 3.0 developed by WeMade has entered the testing phase, and the mainnet will be launched after the test is completed.

3. Binance Live and Big Time, a 3A-level chain game, hold an e-sports competition

On July 4th, during Binance’s 5th anniversary celebration, Binance Live will hold an e-sports competition in conjunction with the 3A-level chain game Big Time. This will be the first time that the Binance live platform will hold an e-sports competition. It is reported that this competition is in the form of a flash competition, and a total of 24 teams signed up to participate.

4. Decentraland launched a bug bounty program through Immunefi, with a maximum bounty of $500,000

The Metaverse project Decentraland launched a bug bounty program on Immunefi, which mainly targets vulnerabilities in smart contracts and websites and applications. The highest risk level of smart contract bug bounty is 0.1% of the possible economic losses, and the upper limit is $500,000. , and other smart contract vulnerabilities are awarded $20,000 and $1,000 respectively according to the threat level. Bug bounties for websites and apps are $18,000, $6,000, $3,000, and $1,000, respectively, by threat level.

5. Korean mobile game giant Netmarble will cooperate with Metaconz to publish NFT related to the game IP of “Seven Knights: Revolution”

South Korean mobile game giant Netmarble announced that it will cooperate with NFT project Metaconz to use Netmarble’s new massively multiplayer online role-playing game (MMORPG) “Seven Knights: Revolution” IP to issue NFT “Seven Knights” and hold a charity auction. The “Seven Knights” NFT is composed of 11 heroes in the game “Seven Knights: Revolution”, which is characterized by a PFP (Profile Picture) NFT, and only one of each hero is released.Meanwhile, Netmarble’s new game “Seven Knights: Revolution” is scheduled to be officially released in South Korea on July 28.

6. Samsung and Roblox team up to launch the Metaverse game Space Tycoon

Samsung has announced the launch of the Metaverse game Space Tycoon, a new game that is a virtual playground built on the Metaverse-concept social platform Roblox (RBLX.N). It is reported that the “Space Tycoon” game is a virtual space specially created for the Z generation crowd. Players can create Samsung products in the virtual space and collect virtual accessories with product themes.

7. Binance scaled back its investment in Axie Infinity developers and no longer serves as the lead investor in a new round of financing

A Binance spokesperson said that Sky Mavis has been able to operate stably and recover funds since April. As a result, Sky Mavis is now able to disburse users’ funds without a significant investment from Binance. To this end, Binance will no longer be a major investor in Sky Mavis. Binance will continue to support Sky Mavis. The spokesman added that the company would invest an undisclosed sum of money in Sky Mavis.

8. Minecraft: Prohibit the integration of blockchain technology in client and server applications

Microsoft’s game developer Mojang has updated the Minecraft (Minecraft) user guide. In order to ensure a safe and inclusive experience for players, it is forbidden to integrate blockchain technology into Minecraft client and server applications, and it is not allowed to use blockchain technology. Use Minecraft in-game content such as worlds, skins, character items, or other mods to create related NFTs. The company says these uses of NFTs and other blockchain technologies create digital ownership based on scarcity and exclusivity, which is inconsistent with Minecraft’s values ​​of creative inclusion and shared gaming.

9. Joyride Games announces the launch of its web3 game development platform on Flow

It is reported that Joyride Games is a Web3 publishing platform for game developers, allowing game developers to build and publish blockchain-powered casual games on iOS and Android. After the card game Solitaire Blitz built on the platform was launched on the Flow mainnet in early June, the number of users has rapidly grown to more than 500,000, and it is currently the top 10 blockchain game overall and the number one Dapp on Flow. And its series of NFTs called Tennis Champs Genesis sold out within 30 seconds of its debut.

10. Move-to-Earn platform Step App announces Bolt as spokesperson

Move-to-Earn platform Step App has announced renowned sprinter Bolt as its brand ambassador and co-launched a private beta of its fitness Metaverse platform.

11. Online game Neopets was hacked, 69 million player accounts may have been affected

Online gaming platform Neopets has been hacked, The Block reports. According to Bleeping Computer, the attack may have affected 69 million player accounts, and a hacker named “TarTarX” is currently selling the source code and database of the Neopets.com website for 4 bitcoins.

12. Immutable’s layoff ratio is about 8%, mainly on the chain game “Gods Unchained”

Blockchain game developer Immutable has laid off more than 20 employees, with the layoffs focused on its flagship online strategy card game “Gods Unchained,” with the remainder concentrated on Immutable’s talent recruitment team, according to people familiar with the matter. Immutable’s layoffs are about 8 percent, based on a total of 310 employees on LinkedIn.

13. Bloomberg: Axie Infinity CEO transfers $3M worth of AXS before $622M hack is revealed

Axie Infinity CEO Trung Nguyen, who moved $3 million worth of tokens before the hack was revealed, said today that claims of insider trading are baseless and false. The game Axie Infinity withstood one of the biggest DeFi hacks of all time in March, and now the CEO behind Axie has admitted that he moved millions of dollars worth of tokens to the sidechain before the hack.

The data in the report is provided by My MetaData. My MetaData is a data-driven GameFi analysis platform that helps users discover GameFi investment opportunities through Twitter popularity, on-chain data, and institutional dynamics.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/july-2022-gamefi-industry-monthly-report/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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