šŸš€ Week in GameFi: Chinese Web2 Giant Eyes Web3 Gaming. GameFi mcap dips below $17B! BTC dominance >64%! Tencent eyes Nexon! Pengu Clash goes live on TON! CTA pumps +111%! Let’s break down what moved Web3 gaming this week. 🧵 1/6
šŸ“‰ Sector Overview: GameFi market cap and volume fell sharply this week, dragged by broader altcoin weakness. BTC held flat after the Fed held rates steady, but BTC dominance climbed past 64% as the Altcoin Season Index dropped to 22. 2/6
šŸŽ® Game of the Week: Pengu Clash Pudgy Penguins just launched *Pengu Clash* on TON, a competitive, skill-based Telegram game. No grinding, no token farming. It’s ā€œplay-to-win,ā€ not play-to-earn, with real-time wagers powered by Elympics multiplayer infra. 3/6
🌐 Tencent Eyes Nexon: Tencent is reportedly negotiating to acquire Korean studio Nexon (Dungeon & Fighter, Web3 MapleStory). The talks center on a 45% stake owned by NXC Corp, signaling major Web2 interest in the Web3 gaming layer. 4/6
āš ļø Telegram & Toncoin Watch: Telegram CEO Pavel Durov granted limited travel amid an ongoing investigation. Still, TON's 2024 momentum stays strong, thanks to viral mini-games like Hamster Kombat, Notcoin, and now Pengu Clash. 5/6
šŸ’” Key Takeaways: šŸ”¹ Watch Tencent’s moves, Web2 M&A could supercharge Web3 gaming. šŸ”¹ Play Pengu Clash, skill-based gaming on TON is picking up steam. šŸ”¹ Track low-cap volatility, CTA and MAGIC led gains this week. Stay informed, stay ahead: 6/6
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