Global #Gamefi

The GameFi sector has struggled, hampered by complex and unsustainable tokenomics, luck-based gameplay, and bot activity.

Binance Labs, the investment arm of crypto giant Binance, is leading an investment round in Pluto Studio, a GameFi publisher known for its Telegram bot game Catizen.

The TON Foundation has officially launched Adsgram, a new third-party platform that allows developers to monetize their Telegram mini-apps through advertising.

Gone are the days of simple, repetitive games dominating the play-to-earn (GameFi) market. Gamers are demanding more! A new wave of GameFi projects is emerging, boasting million-dollar budgets and years of development, a stark contrast to the earlier focus on quick earnings over fun gameplay.

On Monday, June 3rd, 2024, a new GameFi token named Mega Dice ($DICE) made waves in the crypto gaming world by reaching a significant milestone of $1.36 million in its presale.

Notcoin (NOT), the play-to-earn token within the Open Network (TON) ecosystem, has gained considerable traction in the market, emerging as the top performer on Thursday.

According to Synthetix founder Kain Warwick, trading memecoin can be extremely beneficial for decentralized exchanges (DEXs) because it can draw flows from a large number of non-traditional DeFi traders.

The founder of the game studio Illuvium, Kieran Warwick, remarked that it's a pretty simple method to gain market share.

Kieran Warwick, the creator of GameFi project Illuvium, which was valued at slightly under $900 billion as of April 1st based on publicly available data.

They're paving the way for next-gen #GameFi metaverse economies through their digital collectibles platform for virtual #GameFi NFTs.