gm/gn gamers,

It’s that time of year when it’s getting dark before 5 pm, and the most sunlight you’re getting during the workday is between blood moons in TOTK. Tom is OOO and catching waves in the Philippines, while Griffin is still in New York, catching waves of anxiety from trying to play Fortnite Season 7 and trade perps simultaneously.

That said, it’s been dark here in New York for a while and getting late, so we’ll just jump straight to it. Here’s what we got going on for you this week:

• Welist 🔀 Remix

• Change Log

• Game7 State of Web3 Gaming

• Release Radar

• Other News

Welist 🔀 Remix

WEMIX is back on Korean exchanges, or at least Coinone, following its delisting back in December. The decision to allow WEMIX to return to the Korean market came less than 24 hours after LATAM’s largest exchange platform, Mercado Bitcoin, listed the token for its users.

Following the two announcements, WEMIX jumped 55% and is currently trading nearly 82% higher than it was pre-announcement. The video game developer and Wemix parent company, Wemade, also jumped 30% on the KOSDAQ following the relisting. Despite being up 82%, WEMIX continues to be down around 92% from its peak. The token reached a high of $22 in November 2021 and a low of $0.15 following the delisting, largely due to the fact that over 90% of WEMIX was traded on Korean exchanges.

The initial delisting came from Digital Asset eXchange Alliance (DAXA), a trade group comprised of Korea’s top exchanges (Upbit, Bithumb, Korbit, and Gopax), after they concluded that Wemix had provided false information on the total supply of tokens and the actual supply currently in circulation. Despite an injunction filed by Wemix, the Seoul Central District Court approved of DAXA’s decision due to WEMIX having ‘no regulator or an absolute means to determine price.’

Despite being a highly successful Korea-based gaming company, Wemade has had its share of struggles in Korea, particularly around its blockchain gaming developments. This is primarily because Korea has held a ban on P2E gaming since 2005. When Wemade launched MIR4, for example, it had to create two games, one with and one without P2E elements, in order to offer the game to both local and international players.

In the face of regulation, Wemade has continued to create P2E and blockchain-based gaming through its Singapore-based subsidiary Wemix and has over 64 playable games on the Wemix gaming platform Wemix Play. Though not always mentioned in conversations, Wemade has maintained an impressive DAU count of over 240k since its launch on Wemix.

Though Coinone is the only exchange to resume WEMIX trading so far, its decision to do so is promising for the future of Wemix and P2E gaming in Korea.

Change Log

• Aurory added “The Amplifier,” which increases the XP gained by Nefties.

• Chibi Clash launched its survivor mode, with an access code available on their Discord.

• DeFi Kingdoms Duel Season 6 is live through January 10.

• The Mocaverse is minting mocaID, the ecosystem’s on-chain DID, with the launch of season 2.

• After a short delay, the Pirate Nation marketplace is now available for players.

• Have an update you want to share on No Re? Send us a reply or message us on X.

Release Radar

• Aurory: Seekers of Tokane (Closed Alpha): Ongoing

• Phantom Galaxies (Early Access): Ongoing

• RIFTSTORM (Early Playtest): Ongoing

• Nine Chronicles (Mobile Version): 22nd November

• Illuvium (Beta 3, Epic Games): 28th November

• Parallel (Open Beta, Epic Games): Soon

Game7 State of Web3 Gaming

Game7 has published its deep dive into the current state of Web3 gaming with its latest report. The report is 60ish slides of information, which we will cover at a high level, but it paints a picture of a vibrant if still maturing, Web3 gaming landscape. We are so back.

While the after-effects of 2022's market correction are still in play, the Web3 gaming market is holding strong, growing steadily, albeit at a more measured pace. The development scene is a global affair, with the Asia-Pacific region buzzing with activity and the U.S. maintaining its market dominance. The year 2023 stands out for its surge in gaming-focused blockchain networks, signaling a robust and expanding ecosystem.

In the tech arena, mainstream platforms are still warming up to Web3 games, but the Epic Games store is breaking the ice by embracing more of these innovative titles. Development tools like Unity and Unreal Engine are the backbone of Web3 PC gaming, focusing on blockchain for asset tokenization while keeping the game mechanics off-chain. The gaming world is rich with indie projects and early-stage ventures, but high-budget titles are still sparse. Genre-wise, RPGs and Action games lead on PC, with a diverse mix of mobile platforms and Casual games taking the spotlight in browser-based gaming.

The report highlights a shift towards general-use Layer 1 networks and EVM sidechains, with a growing interest in appchains and Layer 2/3 solutions. Funding in 2023 has found a stable ground, echoing the pre-bull market vibe of 2021. Investments are primarily channeled into content development, particularly in sports and Metaverse-themed MMOs, with the U.S. leading the investment front, followed by several other global players.

For more info, check out the full report, which can be downloaded here.

Other News

• Alien Worlds developer Dacoco announced an AI-driven partnership with Dune and Star Wars sci-fi author Kevin J. Anderson.

• Animoca Brands received a strategic investment from AWS and Polygon Labs to support the Mocaverse accelerator MoonRealm Express Accelerator.

• Bazooka Tango raised $5M in funding from Bitkraft Ventures, RW3 Ventures, Sfermion, and 1Up Ventures to accelerate the development of Shardbound on Immutable.

• BinaryX’s Pancake Mayor partnered with PancakeSwap alongside the launch of PancakeSwap’s web3 gaming marketplace.

• Black Tower Studios partnered with Immutable to launch its first title, Arkbound, on the L2 blockchain.

• Chinese gaming company Boyaa Interactive filed an application to purchase up to $100M in BTC and ETH with the Hong Kong Stock Exchange.

• G2A launched its Geekverse marketplace for gaming NFTs.

• Pixelmon partnered with web3 advisory firm and fungible token launch specialist Horizen Labs Ventures to expand the Pixelmon ecosystem.

• Pixels has reached a milestone of 100k DAU following its launch on Ronin.

• Roblox CEO David Baszucki said the company is exploring NFT integrations on Squawk Box following its Q3 earnings results.

• Web3 gaming reached 1M daily UAWs for the first time, producing 33% of all blockchain activity in the past month.