The crypto gaming world has been busy in recent months, with several token airdrops launching and prominent games hitting the market. Read on to find out the latest developments in the blockchain gaming scene.
GameStop-Inspired Meme Coin Launches
On Thursday morning, meme coin lovers woke up to a lovely surprise: the GME token had started trading. This meme coin is inspired by the popular video game retailer GameStop. Like most of the meme coins, GME shot up significantly before it began plummeting the following day.
By Friday evening, the token had dropped nearly 70% from its peak price. However, after finding a new support level on Saturday, GME started to recover. Data on CoinGecko shows the meme coin trading at $0.01328 after posting a 24-hour surge of 13%. Meanwhile, many have attributed GME’s price fall on Friday to the closure of the GameStop NFT marketplace that day. The video game retailer announced last month that it would no longer pursue its NFT ambitions due to an unclear regulatory framework.
Pixelmon’s New Plans
After witnessing massive adoption during the 2021 bull run and then struggling to stay afloat in the years that followed, Pixelmon now has big plans in store following a change of ownership. Per its latest tweet, the crypto gaming project is looking to build an ecosystem to accommodate other blockchain-based games. The project has already raised $8 million from several venture capitalists ahead of the launch of its token known as MON.
Shrapnel Early Access
Are you holding the “Extraction Pack” keys? If so, you have earned yourself early access to the Avalanche-based game Shrapnel, now available on Epic Games Store. Participating in the game allows you to earn rewards in the form of SHRAP tokens.
Binance Calls Outs SkyArk Chronicles Developer
After successfully collecting over $115 million from NFT mints, the creator of the crypto game SkyArk Chronicles took to tweet to announce that Binance Labs, the investment arm of crypto exchange Binance, had led its over $10 million funding round a few days before the NFT mints. However, Binance called out the game’s creator for lying to the public about the funding round, which the exchange said happened in 2021.
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