Author: Crypto News Live

This is a segment from The Drop newsletter. To read full editions, subscribe. The shooter game Off The Grid has faced some disapproval — and some praise — over a purported confidential letter. The letter in question was reportedly emailed to Gunzilla Games’ private investors in regard to its GUN token that became tradeable on Binance this week. GUN launched on Monday and hit a $68 million market cap within hours of launch, but that number has since fallen to $40 million. The letter references a SAFT, or a Simple Agreement for Future Tokens, that means investors gave the company…

Void Labs-backed Blade of God X (BoGX), a blockchain-powered action RPG that raised millions from top crypto investors, came under scrutiny after a public fallout between its core teams. On Tuesday, Amber Bella, former CMO of Blade of God X (BoGX), posted a series of tweets on X, formerly Twitter, accusing the game’s founder, Tnise Liu Yang, and the Web2 development team of mismanagement, reward manipulation, and cutting off the Web3 community that initially funded the project. “I must now confront the painful truth: this project has failed to deliver on the promises to the community,” she wrote, saying she…

The GUN token tied to popular battle royale game Off the Grid launched Monday with the mainnet rollout of the Avalanche L1-based GUNZ gaming network. And ahead of the in-game mainnet integration, GUN has continued to fall in value over the course of the day. GUN is currently priced just above $0.76, down over 24% since launch per data from CoinGecko. GUN rose as high as $0.115 earlier Monday, but then has dipped by nearly 34% in the hours since touching that peak. It’s common for newly launched tokens to quickly peak and then lose value as more users get…

Minecraft-esque crypto voxelverse and world-building game Hytopia is asking creators to build web-based mini-games with its development kit and help from AI, offering cash prizes to the creators of the best three games in a new artificial intelligence “vibe coding” competition. The competition will be open for the next 14 days, after which judges will take a week to evaluate the vibe-coded outputs. Vibe coding is a popular new term for coding via conversation with an AI assistant, whereby users of all skill levels can simply “vibe” on thoughts and ideas and not stress about lines of intricate code, leaving…

This is a segment from The Drop newsletter. To read full editions, subscribe. Gunzilla Games’ GUN token — for its Off The Grid game and Avalanche subnet Gunz — is now live. GUN climbed up 12% since its launch early Monday morning, but has since fallen slightly. As of 11:30 am ET Monday, its price was $0.09. The token had a market cap of roughly $60 million at that time, with 604 million GUN in circulation out of a possible 10 billion. GUN already has a trading volume of $126 million just a few hours after launch, per CoinGecko data.…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around. The coin’s price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week. Bitcoin’s dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Price Index, or PCE, was up 0.4% in February—its largest monthly increase in over a year. Traders are still…

Gunzilla Games, the studio behind crypto battle royale shooter Off the Grid, announced Tuesday that it had acquired the long-running Game Informer print magazine and online publication, months after it was shut down by its previous owner GameStop. But why would a crypto game studio purchase a shuttered video game magazine and bring it back from the dead? In an interview with Decrypt, Gunzilla Games Director of Web3 Theodore Agranat called this move “very crucial” to the studio’s long-term plans— and one that could benefit Off the Grid gamers in the future. Game Informer is back! The entire team is…

Ethereum gaming metaverse platform The Sandbox will launch its Alpha Season 5 on Monday, March 31, bringing a number of new game experiences tied to major franchises. The six-week gaming event will introduce over 40 new games from an array of brands and franchises, including Jurassic World, Teletubbies, Atari, Attack on Titan, Terminator: Dark Fate, and Hellboy. As Decrypt previously reported, the season’s flagship experience, Jurassic World: Dinosaur Preserve, invites players to manage a dinosaur sanctuary, offering a blend of conservation simulation and adventure inspired by the film franchise. “Alpha Season 5 marks the beginning of a new era for…

Off the Grid creator Gunzilla Games will debut its Avalanche L1 blockchain GUNZ Network and its native GUN token on March 31, living up to its earlier Q1 2025 launch estimate. Alongside the network launch, the chain’s native gas token GUN will be immediately tradable on Binance with the seed tag applied, indicating that it comes from an “innovative project” and that the token may be subject to greater volatility and risk. “The biggest AAA gaming ecosystem in Web3 is heading to Binance— the world’s leading exchange,” the GUNZ network’s official X account posted. Introducing $GUN on Binance Launchpool! 🦾…