Research Summary
The report provides a comprehensive overview of the latest developments in the gaming metaverse for the week of October 20. It covers a range of topics including game updates, token announcements, new releases, and strategic partnerships. The report also highlights key insights from industry leaders and offers a deep dive into specific projects such as Yuga Labs and Big Time.
Key Takeaways
Significant Game Updates and Releases
- Snapshot VII Release: Midnight Society announced the release of Snapshot VII for their Vertical Extraction Shooter game, Deadrop.
- Bigtime’s Economy Update: Bigtime released an update on Prestige Portals, Hourglass Crafting, and Hourglass Recharging.
- Upcoming Playtests and Launches: Several games including Champions Ascension, The Sandbox, and Phantom Galaxies announced playtests and early access launches.
Token Announcements
- Immutable X Token Lock: Immutable X announced that they are re-locking 125 million $IMX tokens until July 2024.
- Boomland’s Token Presale: Boomland’s $BOOM token presale is now live, currently going for $0.011.
Strategic Partnerships
- XAI Games and Team Secret: XAI Games announced a strategic partnership with Team Secret to help games deployed on the Xai network with distribution.
Deep Dive into Specific Projects
- Yuga Labs’ Expansion: Yuga Labs, creators of Bored Ape Yacht Club (BAYC) NFTs, are expanding into the metaverse with “The Otherside” project.
- Big Time’s Token Issues: Despite the initial excitement over Big Time’s $BIGTIME token, WolvesDAO highlights five red flags including discrepancies between their Wiki and OKX allocation, absent contracts, limited information, and a problematic token supply.
Insights from Industry Leaders
- Jon Jordan on Fully On Chain Games: Jon Jordan shares his thoughts on the growing trend of fully on-chain games, with industry leaders like Proof of Play’s CEO, Amitt Mahajan, championing the cause.
Actionable Insights
- Investigate the Potential of Fully On Chain Games: With industry leaders like Proof of Play’s CEO, Amitt Mahajan, championing the cause of fully on-chain games, it may be worth exploring the potential of these games that truly harness the unique features of blockchains.
- Monitor the Progress of Yuga Labs: As Yuga Labs expands into the metaverse with “The Otherside” project, it would be beneficial to keep an eye on their progress and the potential challenges they face.
- Consider the Risks of Big Time’s Token: Given the red flags highlighted by WolvesDAO regarding Big Time’s $BIGTIME token, it would be prudent to consider these risks before making any decisions related to this token.
