The world of crypto gaming is always buzzing with news, from exciting game launches to unexpected project closures. It can be hard to keep up with all the latest updates, but fear not – we’ve got you covered with the weekly roundup from Decrypt‘s GG. Let’s dive into the top stories and highlights from the past week.
### Top Stories
#### GameStop Makes a Bold Move
In a surprising turn of events, GameStop, the iconic video game retailer, announced that it had purchased 4,710 Bitcoin, valued at $512 million, to add to its corporate Bitcoin treasury. This move comes after a recent $1.5 billion convertible notes offering and signals GameStop’s commitment to embracing digital assets as a hedge against currency devaluation. The company’s CEO, Ryan Cohen, emphasized the importance of Bitcoin as a strategic asset and hinted at future investment plans. GameStop’s foray into the world of cryptocurrency follows in the footsteps of other major companies like Tesla and SharpLink Gaming, who have also diversified their portfolios with digital assets.
#### Crypto Gaming Struggles
Unfortunately, not all news in the crypto gaming space is positive. Two Ethereum-based games, Realms of Alurya and Wonder Wars, recently went offline due to funding difficulties. The closure of these games sheds light on the challenges faced by developers in the crypto gaming industry, with issues ranging from funding struggles to a lack of player engagement. These shutdowns serve as a reminder of the volatile nature of the market and the importance of sustainable business models in the gaming sector.
### In Case You Missed It
– Bored Ape Yacht Club maker Yuga Labs sold the Moonbirds IP to Orange Cap Games, signaling a shift in focus towards their flagship Apes collection.
– Planet Mojo announced the shutdown of NFT auto-battler game Mojo Melee as they pivot towards AI development.
– FIFA Rivals teased gameplay ahead of its NFT mobile game launch this summer, promising a fast-paced football experience on mobile devices.
### Exciting Developments
– Solana meme coin bonk is gearing up for a game launch, developed by Bravo Ready Games.
– Avalanche-based hero shooter BloodLoop is set to launch this month, offering a 5v5 gaming experience.
– Gamified sleep app Sleepagotchi is expanding to the LINE messaging app, bringing its unique concept to a new platform.
With so much happening in the world of crypto gaming, there’s never a dull moment. Stay tuned for more updates and exciting developments in the weeks to come. Let the games begin!