Off the Grid, the popular Avalanche shooter game, has made a significant move by allowing players to buy and sell in-game items on the NFT marketplace OpenSea. In just under 24 hours, nearly $30,000 worth of skin sales have been processed on the secondary market, with one skin fetching over $1,600.
The game, known for its extraction battle royale gameplay where players fight to extract valuable “hexes” containing weapon and cosmetic skins, initially ran exclusively on the GUNZ testnet. However, since March, players have been transitioning to the mainnet, where they were able to trade in-game skins on the GUNZ marketplace. The recent integration with OpenSea has opened up a whole new world for players, allowing them to sell their skins on a larger platform.
In response to this development, the game’s native token, GUN, has seen a 1.5% increase in value, reaching a market cap of $29 million. Despite this boost, the token is still down 73.5% from its all-time high reached shortly after the game’s launch in April.
Excited by the potential of OpenSea, Off the Grid skin collector MoneyMagician expressed their enthusiasm, stating that the integration of OpenSea could greatly enhance the game’s ecosystem, especially for players and collectors looking to engage with digital assets. The combination of Steam’s reach and OpenSea’s NFT infrastructure creates a powerful synergy, blending traditional accessibility with innovative blockchain technology.
In addition to the OpenSea launch, Off the Grid also made its debut on Steam last week, attracting an average of 7,298 players daily. The Steam version of the game operates solely on the GUNZ testnet, leading to a 46.6% spike in testnet transactions in the first two days of its release on the platform.
With the recent surge in activity, MoneyMagician believes that the past week has been transformative for Off the Grid, predicting a massive influx of new players thanks to the Steam launch. However, they emphasize that the integration with OpenSea is even more significant, as it has the potential to introduce “real money” into the game’s skin economy.
As of now, Off the Grid has generated a trading volume of 967,200 GUN (approximately $29,417) on OpenSea. The most expensive skin sold was the Tacoma Pioneer gun skin, obtained during a closed testing period, which fetched 55,300 GUN (equivalent to $1,688).
While these figures are impressive, they are not significantly higher than previous trading volumes. This could be attributed to the phased rollout of Off the Grid on OpenSea, with only July 2024 subscribers to the battle pass being able to export NFTs to the secondary market initially. Additionally, players must complete a KYC process to import the skins back into the game.
Despite these limitations, the integration with OpenSea has expanded the buyer audience, making Off the Grid skins accessible to a wider range of players. This move marks a significant milestone for the game and its community, paving the way for further growth and innovation in the future.