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Web3 gaming news from Crypto India Magazine: the studios, tokens, funding and play-to-earn models changing how games are built and owned. We cover GameFi, blockchain games, in-game NFTs, gaming guilds, and the Layer 1 and Layer 2 chains built for games, as the sector moves from hype toward real players.
Crypto game studio Uncharted is closing its flagship Ronin title Fishing Frenzy on June 25 after failing to prove its crypto gaming thesis. The wind-down includes $62,845 in USDC payouts, refunds, and a frozen, spend-only FISH token.
93% of GameFi projects are dead, token values have collapsed 95% from 2022 peaks, and studio funding fell 93% by 2025 — Caladan's report confirms Web3 gaming burned $15 billion chasing speculators while gamers never arrived.
“A specialist taskforce, hell bent on breaking games into the $121bn mobile market,” Ferguson wrote on X (formerly Twitter). “Since April, we’ve already taken three games to the No. 1 rank on mobile stores. Now we want the charts to be dominated by Immutable.”
The Crypto Gaming Recovery Fund, unveiled this week, will allocate half a million dollars’ worth of tokens and assets over seven years. Eligible players from shuttered titles such as Pirate Nation, Tokyo Beast, and The Walking Dead: Empires can apply by creating a Splinterlands account, purchasing a $10 item that doubles as in-game credits, and submitting proof of their holdings in the defunct games.
The release signals a move away from chasing mass-market gamers, instead leaning into the crypto-native subculture of users who trade meme coins, mint NFTs, and live onchain.
According to Precedence Research, the global Web3 gaming market is projected to surge from $31.49 billion in 2024 to approximately $182.98 billion by 2034. This growth is expected to be fueled by a growing number of mainstream titles, including Gunzilla Games' Off The Grid launching on PlayStation 5, and the global FIFA franchise venturing into Web3 versions.
Anonymous Labs has some experience in blending entertainment with blockchain technologies. The developer previously launched a meme coin project based on the Simon’s Cat web cartoon on the BNB Chain. The CAT token, while experiencing recent gains aligned with broader market trends, has shown the volatility typical of digital assets.
WARP Chain is specifically tailored to address game developers' challenges when incorporating blockchain elements into their projects. The platform offers a suite of tools, including Web3 software development kits (SDKs), AI-driven tokenomics, and publishing support to streamline blockchain adoption.
The collaboration also has implications for MetalCore’s native token, $MCG. The companies suggest that the integration will contribute to the token’s utility by enabling new forms of player engagement and economic activity within the game’s ecosystem.
Backed by a $10 million grant from Somnia, the accelerator will be led by Uprising Labs and provide game studios with mentorship, funding opportunities, and technical resources.
"I think 2025 is going to be a massive year for Web3 gaming," Siu stated in an exclusive interview. "Bigger than this year, which has seen quite a strong recovery."
According to Thomas Zaepffel, CEO and Co-Founder of Coliseum, the fund is designed to empower Web3 gaming leaders to “build, scale, and succeed” by combining capital with community access and industry expertise.
Unlike traditional fundraising mechanisms, $OL will not involve token sales, team allocations, or early investor distributions. Instead, active users will earn the token through platform activities, including gameplay challenges, events, and unique opportunities within partner games.
This move aligns with the growing trend of publisher-specific blockchains designed to create customized ecosystems for creators and developers.
Currently boasting over 50,000 active monthly users, Monster League Studios is focused on creating a multi-title ecosystem where players can carry assets seamlessly between games.
The gaming industry, surpassing $200 billion in annual spending on in-game assets, is a thriving frontier for Web3 integration. However, the complexity of blockchain transactions has often disrupted gameplay.
The pre-seed attracted a diverse group of investors, including early-stage backers from Panama and international supporters.
In response, Alex Falcon, the creator of X Empire, addressed the complaints in a Telegram post on Saturday, explaining that "active friends" was a crucial factor in determining airdrop eligibility, alongside players' profit-per-hour rate and quest completion.
The funds will fuel the development of Azra’s flagship project, currently code-named "Project Legends," as well as other upcoming titles.
This strategic investment is aimed at advancing PiP World’s mission to transform financial education through gamification, making complex financial concepts engaging and accessible to users of all levels.
These partnerships, spanning CARV Protocol, CARV Play, and CARV Labs, strengthen the company’s role as a major player in web3 gaming and AI.
To date, the game has facilitated 17,000 ETH in NFT trading volume and surpassed 163,000 NFT trading transactions, further solidifying its presence in the Web3 gaming space.
With the ability to create highly personalized avatars and participate in a range of games and social activities, Verse World provides an immersive environment for unparalleled user engagement.
GGI actively participated in some pivotal events, cooperating with industrial benchmark brands such as 0x Consulting Group, OKCoin, ACG World, and Gate Venture.
