Welcome to another edition of Delphi’s monthly Gaming Roundup! Despite the broader crypto market performing quite well in April, with ETH making a run past $2,000, the Web3 gaming sector continued to follow a downward trend. This report will add color to the current market conditions to inform readers on what to expect in the coming months. Some of the standout highlights of the month include:
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Ronin staking rewards go live and cause the token to pump
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Gaming wallets fall to levels last seen in 2021
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A terrible month for game funding, but not bad enough to deter Razor & Bitkraft
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A billion-dollar Chinese game developer prepares to enter the market
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New partnerships, updates, and releases from some of the biggest Web3 gaming companies