This Week in Crypto Video games: 'Off the Grid' Token, GameStop Goes Bitcoin, SEC Clears Immutable – Decrypt

The crypto and NFT gaming house is busier than ever these days, what with distinguished video games beginning to launch, token airdrops piling up, and a seemingly fixed array of different issues taking place always. It’s lots to absorb!

Fortunately, Decrypt’s GG is throughout it. And should you want a fast approach to get caught up on the most recent strikes round crypto video video games, we’re blissful to current This Week in Crypto Video games.

Our weekend roundup serves up the most important information from the previous week, together with a number of different tidbits you might need missed. We additionally showcase a number of of our unique tales from the week.

Largest information

SEC drops Immutable investigation: The U.S. Securities and Alternate Fee (SEC) has closed its investigation into Ethereum gaming platform Immutable with no enforcement motion, the corporate introduced Tuesday through a weblog publish.

Again in October 2024, the Fee issued Immutable a Wells Discover over alleged securities regulation violations regarding gross sales of the platform’s IMX token. The SEC had additionally questioned representations concerning the token’s backing, significantly relating to a pre-launch funding from Huobi Ventures.

With this investigation now over, Immutable CEO Robbie Ferguson stated that the investigation discovered “zero wrongdoings” and praised his crew for persevering with to construct regardless of the ominous Wells Discover. The corporate itself additionally posted on X, stating that it a “big win” for Web3 gaming and for “everybody who believes in digital possession rights.”

The SEC has now dropped the overwhelming majority of its instances and identified investigations towards crypto corporations, following the inauguration of President Donald Trump.

Off the Grid mainnet: Common shooter Off the Grid has been working on the GUNZ testnet, constructed as a devoted Avalanche L1 chain. On Friday, it was confirmed that GUNZ would transition to its hotly anticipated mainnet on March 31, with the GUN token launching alongside.

This comes after Gunzilla Video games Director of Web3 Theodore Agranat estimated a Q1 2025 launch again in December, including that he needed the sport to be totally featured and polished by then. Since then, a black marketplace for in-game skins has bloomed, displaying clear indicators that gamers are eager for the upcoming crypto integration, which can enable in-game objects to be bought for crypto.

Forgotten Runiverse launches: Ronin role-playing recreation Forgotten Runiverse launched in early entry on Wednesday, permitting customers to grasp spells and earn rewards as they discover the open fantasy world based mostly on the Ethereum NFT assortment, Forgotten Runes Wizard’s Cult. 

This comes after three years of improvement work and greater than 1 million hours of testing, in response to a publish by Ronin Community, which grew to become the sport’s new house after it opted emigrate from Ethereum layer-2 community Arbitrum final 12 months. 

Now formally dwell after three playtest intervals, the Forgotten Runiverse opens with its first main recreation content material replace, named Moonlit Wilds. With this replace, gamers can now entry land plots, construct new constructions, craft and mint objects, in addition to grasp as much as 32 spells whereas embarking on quests.

GameStop goes Bitcoin: Online game retailer turned meme inventory icon GameStop up to date its funding coverage on Tuesday so as to add “sure cryptocurrencies, together with Bitcoin” as “permissible funding devices.” This was then adopted by a publish on X, previously generally known as Twitter, claiming that it’s now permitted to make use of Bitcoin as a “Treasury Reserve Asset.”

The subsequent day, on Wednesday, GameStop introduced that it plans to boost $1.3 billion through convertible senior notes so as to fund “common company functions, together with the acquisition of Bitcoin.”

This method takes a leaf out of Technique’s playbook, as that agency (previously generally known as MicroStrategy) has issued billions of {dollars} price of convertible senior notes to buy extra Bitcoin. GameStop’s transfer got here simply weeks after CEO Ryan Cohen posted a photograph on X with Technique co-founder and Govt Chairman Michael Saylor.

ICYMI

• Solana recreation Star Atlas is collaborating with SingularityNET to combine AI brokers into its on-line world.
• There’s a first-person shooter that apparently data each single bullet on-chain through Ethereum layer-2 MegaETH—which its creator admits is only a “foolish experiment.”
• Solana shooter Nyan Heroes is again with its newest playtest, together with its greatest airdrop but.

• Gunzilla Video games, the creator of Off the Grid, acquired and rebooted legendary journal Recreation Informer after it was shut down final 12 months.
• Cellular technique recreation Fableborne returned for a closed play check on Ronin.
• Marblex’s Immutable-based cell recreation Self-Made Billionaire is about to launch on April 7, and is prepared for pre-order on the App Retailer now.

• The makers of buying and selling card recreation Parallel launched the title on Android within the Philippines on Tuesday, step one in a delayed rollout for the cell variations.
• The makes of Tokyo Beast, an Immutable-based recreation, launched a launch trailer.
• Anime-inspired NFT assortment Azuki opened pre-orders for starter decks for its upcoming buying and selling card recreation.
• Arbitrum recreation AI Area began a competitors with 500,000 NRN ($18,000) up for grabs.
• Crypto MMORPG Treeverse went dwell and began its first season.
• Kamigotchi, a crypto pet assortment recreation, accomplished a funding spherical with 81 members, including that mainnet particulars are coming quickly.
• Immutable buying and selling card recreation Gods Unchained launched its season two battle go.

GG highlight

Listed here are a number of of our unique tales from this previous week that we predict are nicely price a weekend learn:

Edited by Andrew Hayward