🚀 Week in GameFi: YouTube Ban Brings Panic, 28% of DApp Activity Is Gaming
GameFi tokens bleeding despite Web3 gaming claiming 28% of DApp activity! Tatakai scores $7M from Tencent, YGG & @Immutable! Moonfrost pivots to Steam! TAC Protocol cooks as sector a bit more bleeds!
Let's reveal what kept Web3 gaming moving this week! 🧵👇
1/6
Market Overview:
The GameFi sector dropped 10%, with its market cap sliding to $11.6B. Bitcoin slipped 8% to $101.3K but holding above $100K. The Altcoin Season Index fell from 29 to 23 as tokens continue to bleed. Volume dipped slightly to $2.56B. Privacy coins pumping while GameFi searches for a bottom.
2/6
💎 Top Gainers:
🔹 Phala Network (PHA): +31.96%
🔹 TAC Protocol (TAC): +23.12%
🔹 SWEAT (SWEAT): +11.43%
🔹 inSure DeFi (SURE): +11.11%
🔹 XBorg (XBG): +8.16%
3/6
🎮 Game Spotlight, Tatakai:
Anime meets Web3 as @Tatakaiio scores $7M in early funding from Tencent, YGG, and Immutable. The Tokyo-based studio is gearing up to expand its team, gameplay, and NFT infrastructure as it builds a precision-crafted anime RPG that blends card battles with an open-world twist. VCs are still writing cheques.
4/6
Sector Activity:
🔹 Web3 gaming took the spotlight in October, claiming nearly 28% of all DApp activity, its strongest share this year.
🔹 @MoonfrostGame is ditching Web3 to launch as a traditional Steam title while introducing Frost Arcade to keep its crypto roots alive for on-chain players
🔹 YouTube calmed fears: new gambling policy won’t ban crypto/NFT gaming content. GameFi creators safe
🔹 At least 27 Web3 games and studios have closed shop in 2024 alone
5/6
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