In summary
- Sky Mavis laid off 21% of its staff in a strategic decision to focus on the future growth of Axie Infinity and the Ronin network.
- W-Coin implemented an inactivity rule that burns tokens from players offline for more than three days, before its next airdrop.
- Moonray broke the record for Mining free NFTs on OpenSea, with 220,629 character skins created in 48 hours.
The Cryptocurrency and NFT gaming space is booming, with a constant stream of notable releases, token giveaways, and frenetic activity. It’s hard to take in everything that’s happening, but don’t worry! GG from Decrypt is here to keep you up to date.
If you need to quickly catch up on the latest movements around cryptocurrency gaming, you’re in the right place. We are excited to present “Week in Crypto Games”.
In our weekend roundup, we round up the biggest news from the past week and give you some extra details you might have missed. Additionally, we highlight some of our most relevant original stories. Get ready to stay on top of everything related to crypto gaming!
Most Featured News
Layoffs at Sky Mavis: Sky Mavis, the developer of NFT game Axie Infinity and Ethereum gaming network Ronin, confirmed last week that it laid off 21% of its staff.
In a company statement, co-founder Nguyen Thanh Trung called it a difficult decision but said it was not related to the company’s budget or financial health.
“Instead, it is a strategic move that allows for sharper focus and positions Sky Mavis for exponential growth in 2025 and beyond,” he explained. The company is shifting its priorities with its long-term plan, focusing on the Ronin wallet, the Mavis marketplace, Axie Infinity and a new related game launching in the first quarter of 2025, Web3 game publishing, and expanding the Red Ronin.
Burning W-Coin: Players of the tap-to-earn game on Telegram W-Coin will want to open the game right now—or at least very soon—to avoid having their tokens burned. This comes after W-Coin implemented a new inactivity rule ahead of its upcoming airdrop on The Open Network (TON).
On Thursday, the developers announced that anyone who is offline for three days will have 5% of their supply burned each subsequent day until they come back online. The announcement on Telegram noted that this was to “ensure that only active players shape the W-Coin ecosystem.”
Compared to other tap-to-win games, this rule is unusually brutal. For comparison, X Empire allowed players 30 days of inactivity until a single token was touched. W-Coin is expected to launch its token this month.
Moonray record: Ethereum battle arena game Moonray broke the record for the largest free-to-play NFT mining on OpenSea to date, after users mined around 220,629 “Jadeon Adam” character skins over a 48-hour period.
This NFT is an earthy green character skin to wear while fighting. The free NFTs, minted on Coinbase’s Ethereum layer 2 network called Base, were claimed between November 19 and 21.
In case you missed it
GG Highlights
Here are some of our original stories from last week that we think are worth reading this weekend:
Edited by Andrew Hayward
GG Newsletter
Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
Disclaimer: Please note that the information provided on this page is for News purposes only and should not be considered investment or trading advice. ©Crypto.keynoteusa.com strongly recommends that you conduct independent research and/or consult with a qualified professional before making any investment decisions.
