Research Summary
The highlights of the month include a 240% month-on-month increase in gaming VC deals, although funding is still down 29% from March. Ronin’s RON token continues to perform well, being the only token to end the month in the green for the third consecutive time. Gala Games burned $660M in tokens, and two new token standards aim to advance NFT utility. There were exciting updates from Magic Eden, Axie Origins, and STEPN, and several new game reveals.
Actionable Insights
- Investment Opportunities: Gaming VC deals have increased by 240% month-on-month, indicating a growing interest in the Web3 gaming sector.
- Token Performance: Ronin’s RON token has consistently performed well, ending in the green for the third month in a row.
- Token Burn: Gala Games burned $660M in tokens, which could potentially impact the token’s value.
- NFT Utility: Two new token standards have been introduced to advance NFT utility, opening up new possibilities in the gaming sector.
- New Game Reveals: There have been several new game reveals that could present new opportunities for gamers and investors alike.
