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crypto.news 2025-02-21 08:23:51

Immutable co-founder: Several billion-dollar gaming firms are exploring token launches

Several gaming companies with over $1 billion in valuation are now actively considering token launches, according to Immutable co-founder Robbie Ferguson. In a Feb. 21 post published on his X account, Ferguson revealed that he has had multiple conversations with gaming firms valued at over $1 billion that are open to the idea of launching tokens. Ferguson emphasized that these companies, including publicly traded ones, would not have even considered discussions about tokens a year ago. He believes 2025 is accelerating years of development into a much shorter timeframe, signaling a potential shift in the adoption of blockchain gaming assets. I've had multiple conversations with >$1B mkt cap (including public) gaming companies in the last month who are now actively considering launching tokens. they would not have even entertained a discussion around them 12 months ago. 2025 is compressing 4 years of dev into 1. — Robbie Ferguson 🅧 | Immutable (@0xferg) February 21, 2025 This coincides with a spike in on-chain gaming activity. In January 2025, there were over 7 million daily unique active wallets for blockchain gaming, a 386% rise from the previous year, according to DappRadar’s games report released on Feb. 13. You might also like: https://crypto.news/decentralized-social-network-mask-network-maskdao-2025/ Despite the general meme coin frenzy, games like Pixels on Ronin ( RON ) and Off The Grid on Avalanche ( AVAX ) are breaking engagement records, demonstrating persistent interest. However, the report noted that web3 gaming investments have stalled. In January 2025, just $16 million was raised, a significant decrease from $222 million in Dec. 2024. 1/ January kicks off with a 3x increase in on-chain gaming activity compared to 2024. 💪 DappRadar's Games Report for January 2025, powered by @BGameAlliance , is out! 🔍 Or check the key insights below. 🧵 📊 Read the full report 👇 https://t.co/VjjvTcztv7 — DappRadar (@DappRadar) February 13, 2025 The entry of prominent game developers into web3 might propel the creation of AAA-caliber blockchain games, which is essential for widespread acceptance, according to DappRadar experts. The “play-to-earn” bubble of the previous cycle resulted in an oversupplied market with speculative enterprises. This time around, gaming companies seem to be more interested in long-term token economies that have practical in-game uses. In addition, new gaming ecosystems are emerging as AI gains traction and top titles refine gameplay, rewards, and engagement. The growing number of AAA collaborations and layer 2 advancements will also contribute to the maturity of blockchain gaming. Read more: Circle of Games announces partnership with Hashgraph & Nazara for web3 gaming app

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