Week in GameFi: Redtober Despite Fed Slasher! Yuga Labs Drops Koda, Virtuals Cook!
GameFi tokens bleed in Red October despite the Fed's rate slasher! Bored Ape creators launch a social hub for its metaverse! Mythical Games partners with Sam Altman-backed World! Gala sunsets 3 Telegram games! VIRTUAL explodes 69%!
Let's reveal what kept Web3 gaming moving this week! 🧵
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Market Overview:
The GameFi sector dropped 4%, with its market cap sliding to $13 billion. Bitcoin dipped to $106.5K before recovering to $110K (down 1%). The Altcoin Season Index rose from 23 to 29, but BTC dominance remains strong at 59.4%. Volume spiked 26% to $2.6B, volatility is back. 👀
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💎 Top Gainers:
🔹 Virtuals Protocol (VIRTUAL): +68.82%
🔹 Open Loot (OL): +51.27%
🔹 Heroes of Mavia (MAVIA): +39.69%
🔹 inSure DeFi (SURE): +16.99%
🔹 Yooldo (ESPORTS): +11.35%
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🎮 Game Spotlight, Koda Nexus:
@YugaLabs is launching Koda Nexus, the social core of its Otherside metaverse, on November 12 with an Amazon NFT avatar drop. After years of testing, the Bored Ape creator is finally bringing its open-world game to life as an always-on digital playground.
4/6
Sector Activity:
🔹 Sam Altman-backed @Worldcoin teams up with @playmythical to bring "proof of human" IDs to FIFA Rivals, NFL Rivals, and Pudgy Party. Real players in, bots out
🔹 @playcambria secured $2.3M (Bitkraft, Sky Mavis leading) for its degen-native on-chain MMO
🔹 Gala Games retiring 3 Telegram games (Music Coin, Meow Coin, DFTF) to focus on Treasure Tapper's $TREZ launch
🔹 Ragnarok: Monster World shutting down Dec. 29 post-Ronin split
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