Latest News on GameFi

The crypto gaming firm behind Ethereum layer-2 Immutable X said it received a letter of termination from the SEC that didn’t explain why it ended its probe.

Arbitrum’s ARB token has dropped by 81% since the launch of the ecosystem’s Gaming Catalyst Program.

Evanescent Rollups provides high-frequency execution and liquidity efficiency, aiming to make Solana the top blockchain for high-performance apps.

Sky Mavis co-founder Jeffrey Zirlin told Cointelegraph that crypto gaming investors are no longer blindly throwing funds into “Axie killers” that fail to deliver.

Sky Mavis released the trailer for Atia’s Legacy, a new MMO set in the Axie universe, promising enhanced gameplay and NFT-based referral rewards.

OpenSea co-founder and CEO Devin Finzer said the SEC dropping its investigation into the NFT marketplace is a huge win for the space.

The Hamster Kombat team told Cointelegraph that the layer-2 network on TON is a foundation for an entertainment ecosystem.

Illuvium CEO Keiran Warwick said it was a “somber moment” as the blockchain gaming firm made the decision to cut its workforce by 40%.

DappRadar reported that there were 7 million daily unique active wallets in Web3 gaming last month, up 386% compared to January 2024.

The US-based Ready Makers says it won a court order to freeze crypto tokens from its Gibraltar subsidiary, Ready Maker, which it claims it lost control of.

The Ronin Network has introduced a $10 million grant program to boost blockchain development, focusing on gaming, consumer DApps and DeFi protocols.

Illuvium said the partnership with AI agent protocol Virtuals will allow its in-game NPCs to adapt quests, dialogue and challenges based on the player’s actions.

According to a Blockchain Game Alliance survey, player reward models are a top benefit for attracting new users.

Gamers of a certain age will feel the nostalgic pull of the Web3 incarnation of a 2000s MMORPG fan favorite.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.