The Thriving World of Crypto and NFT Gaming: What's New This Week?
The crypto and NFT gaming space is more bustling than ever. With prominent games launching, token airdrops increasing, and a constant stream of events, there’s a lot to keep up with!
Luckily, Dxcrypt has you covered. If you need a quick update on the latest in crypto video games, check out "This Week in Crypto Games." Our weekend roundup highlights the biggest news from the past week and some stories you might have missed.
Unique Exploits in Tap-to-Earn Games
Dxcrypt's found various unique methods people are using to exploit the tap-to-earn game, including with sewing machines and custom-made contraptions. Here are some wild examples:
Hamster Kombat Craze
The Hamster Kombat craze is intensifying. Just days after Telegram CEO Pavel Durov announced the game had amassed 239 million players, a Russian news outlet reported a surge in percussion massage gun sales due to players using them to boost their in-game tapping. One brand even used Hamster Kombat imagery in its product listings.
Pre-Market Trading and Hamster Kombat
Bybit, another cryptocurrency exchange, began pre-market trading for Hamster Kombat's HMSTR token last week, offering traders a new way to engage with the Telegram gaming phenomenon ahead of its token launch. Currently, HMSTR is trading for approximately $0.20 in USDT stablecoin on Bybit’s pre-market platform.
The developers of Hamster Kombat have not yet announced the conversion rate for awarding players on-chain tokens in exchange for in-game coins. This uncertainty makes pre-market trading a gamble. Players are flocking to the game ahead of the planned token launch on The Open Network (TON), scheduled for later in July.
Significant Gaming Token Unlocks in July
July is set to be a pivotal month for crypto gaming token unlocks, potentially injecting over $148 million into the market. This week, Immutable unlocked $38.32 million worth of IMX tokens for project and ecosystem development.
On July 19, Ronin farming game Pixels will unlock $10.19 million worth of PIXEL tokens, representing 7.05% of its circulating supply. ApeCoin, linked to the Bored Ape Yacht Club ecosystem and the Otherside metaverse game, will release 15.6 million APE ($10.89 million) on July 17, making up 2.31% of its circulating supply. Additionally, Parallel will conclude the month by unlocking $5.54 million in PRIME tokens for investors in the Ethereum NFT card-battler's studio.
