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This Week in Crypto Games: ‘Off the Grid’ Token, GameStop Goes Bitcoin, SEC Clears Immutable

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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 a few of our original stories from the week.

Biggest news

SEC drops Immutable investigation: The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Ethereum gaming platform Immutable with no enforcement action, the company announced Tuesday via a blog post.

Back in October 2024, the Commission issued Immutable a Wells Notice over alleged securities law violations relating to sales of the platform’s IMX token. The SEC had also questioned representations about the token’s backing, particularly regarding a pre-launch investment from Huobi Ventures.

With this investigation now over, Immutable CEO Robbie Ferguson said that the investigation found “zero wrongdoings” and praised his team for continuing to build despite the ominous Wells Notice. The company itself also posted on X, stating that it a “huge win” for Web3 gaming and for “everyone who believes in digital ownership rights.”

The SEC has now dropped the vast majority of its cases and known investigations against crypto firms, following the inauguration of President Donald Trump.

Off the Grid mainnet: Popular shooter Off the Grid has been running on the GUNZ testnet, built as a dedicated 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 Games Director of Web3 Theodore Agranat estimated a Q1 2025 launch back in December, adding that he wanted the game to be fully featured and polished by then. Since then, a black market for in-game skins has bloomed, showing clear signs that players are keen for the upcoming crypto integration, which will allow in-game items to be sold for crypto.

Forgotten Runiverse launches: Ronin role-playing game Forgotten Runiverse launched in early access on Wednesday, allowing users to master spells and earn rewards as they explore the open fantasy world based on the Ethereum NFT collection, Forgotten Runes Wizard’s Cult. 

This comes after three years of development work and more than 1 million hours of testing, according to a post by Ronin Network, which became the game’s new home after it opted to migrate from Ethereum layer-2 network Arbitrum last year. 

Now officially live after three playtest periods, the Forgotten Runiverse opens with its first major game content update, named Moonlit Wilds. With this update, players can now access land plots, build new structures, craft and mint items, as well as master up to 32 spells while embarking on quests.

GameStop goes Bitcoin: Video game store turned meme stock icon GameStop updated its investment policy on Tuesday to add “certain cryptocurrencies, including Bitcoin” as “permissible investment instruments.” This was then followed by a post on X, formerly known as Twitter, claiming that it is now permitted to use Bitcoin as a “Treasury Reserve Asset.”

The next day, on Wednesday, GameStop announced that it plans to raise $1.3 billion via convertible senior notes in order to fund “general corporate purposes, including the acquisition of Bitcoin.”

This approach takes a leaf out of Strategy’s playbook, as that firm (formerly known as MicroStrategy) has issued billions of dollars worth of convertible senior notes to purchase more Bitcoin. GameStop’s move came just weeks after CEO Ryan Cohen posted a photo on X with Strategy co-founder and Executive Chairman Michael Saylor.

ICYMI

  • Solana game Star Atlas is collaborating with SingularityNET to integrate AI agents into its online world.
  • There’s a first-person shooter that apparently records every single bullet on-chain via Ethereum layer-2 MegaETH—which its creator admits is just a “silly experiment.”
  • Solana shooter Nyan Heroes is back with its latest playtest, including its biggest airdrop yet.
  • Gunzilla Games, the creator of Off the Grid, acquired and rebooted legendary magazine Game Informer after it was shut down last year.
  • Mobile strategy game Fableborne returned for a closed play test on Ronin.
  • Marblex’s Immutable-based mobile game Self-Made Billionaire is set to launch on April 7, and is ready for pre-order on the App Store now.
  • The makers of trading card game Parallel launched the title on Android in the Philippines on Tuesday, the first step in a delayed rollout for the mobile versions.
  • The makes of Tokyo Beast, an Immutable-based game, released a launch trailer.
  • Anime-inspired NFT collection Azuki opened pre-orders for starter decks for its upcoming trading card game.
  • Arbitrum game AI Arena started a competition with 500,000 NRN ($18,000) up for grabs.
  • Crypto MMORPG Treeverse went live and started its first season.
  • Kamigotchi, a crypto pet collection game, completed a funding round with 81 participants, adding that mainnet details are coming soon.
  • Immutable trading card game Gods Unchained launched its season two battle pass.

GG spotlight

Here are a few of our original stories from this past week that we think are well worth a weekend read:

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





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This Week in Crypto Games: Jurassic World in ‘The Sandbox’, Telegram Gets ‘Not Games’

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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 a few of our original stories from the week.

Biggest news

Jurassic World in The Sandbox: Ethereum metaverse game The Sandbox is kicking off its fifth alpha season with a new in-game Jurassic World experience created in collaboration with Universal and Amblin Entertainment, allowing the player to become an employee of a dinosaur park. 

Acting as a member of the Dinosaur Protection Group, users are tasked with ensuring the park runs smoothly without the presence of franchise protagonist Owen Grady. Players will be given dinosaur eggs that they need to care for, and then once hatched, they ‘ll need to care for the baby dino for it to mature into an adult. The dinosaurs will grow using Jurassic Points, earned by performing tasks such as feeding or cleaning the dinosaurs.

The high-profile launch of Jurassic World: Dinosaur Preserve comes as part of a six-week long season that will pack in over 40 new experiences, including content from other entertainment brands like Attack on Titan, The Smurfs, and The Terminator, all built on an improved game creator that allows for new features. A specific launch date is still to be announced, but it will be coming sometime this month.

Notcoin expands: Open Builders, the company behind influential Telegram tap-to-earn game Notcoin, announced on Wednesday that it is set to expand beyond individual games with the rollout of Not Games, a platform with unified progression and rewards shared across multiple new games.

Not Games will feature a single player profile that maintains achievements and rankings across all titles within the ecosystem. Players will also have a unified balance and inventory system, allowing assets earned in one game to potentially have utility in others. And earned items can be sold via secondary marketplaces.

This is an attempt to unify the previously fragmented gaming experience on Telegram. It is set to be powered by the existing NOT token on The Open Network (TON), which Notcoin launched last year in a large-scale airdrop to millions of players.

Razer aims to eliminate bots: Popular gaming brand Razer is teaming up with World (previously known as Worldcoin) to help remove AI bots from online games. This comes as AI bots are causing chaos in the gaming landscape, with nearly 3 in 4 gamers agreeing that bots are an annoyance that makes gaming less fun.

The gaming giant is launching “Razer ID verified by World ID,” a new single-sign on feature that uses World’s blockchain-based proof-of-humanity technology to verify real human gamers. This will allow developers to add new anti-bot measures into their games, with Ethereum game Tokyo Beast to be the first to adopt the technology.

ICYMI

GG spotlight

Here are a few of our original stories from this past week that we think are well worth a weekend read:

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





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Avalanche Shooter ‘Off the Grid’ Has a Thriving Black Market Ahead of On-Chain Trading

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Blockchain gaming is supposed to solve the problem of players creating “black markets” for digital items in traditional games, as trading tokenized, user-owned weapons and skins are a key part of open crypto economies.

But ahead of the launch of its Avalanche-based GUNZ L1 mainnet and the on-chain item trading and token that’ll come along with it, Off the Grid—one of crypto’s biggest games to date—has found itself in a very familiar “Web2” kind of situation.

The battle royale shooter has a bustling black market where players trade skins and GUN tokens for real money. This underground economy has spawned due the game currently not allowing players to trade their items freely on-chain, as its mainnet launch looms.

Avid skin collectors gather in clan Discord servers or trading-specific groups, spamming the chat with messages like “Want to buy GUN tokens with USD,” or offering to sell their rare skins in exchange for cash.

This kind of activity is strictly prohibited in the game’s terms of service, but for players aiming to secure some of the game’s best loot before on-chain trading is implemented, it’s apparently worth the risk.

Two of the game’s largest skin collecting whales, Money Magician and torToro, don’t engage with what’s called over-the-counter or OTC trading, because they believe the skins will be worth much more once the GUNZ mainnet launches and items can be freely traded on OpenSea. But they said they’ve received offers.

“For my account, somebody offered $60,000 or something,” Money Magician told Decrypt. “Maybe it seems reasonable right now, but I still wouldn’t sell it—because I know where these NFTs are going.”

These whales own approximately 10,000 and 19,000 NFT items each, both starting their collecting through Off the Grid’s predecessor, a compact mobile experience called Technocore. The pair were then invited to the game’s closed testing period under strict non-disclosure agreement, during which the game’s rarest items to date were released.

During this testing period, players that bought the monthly OTG Pro subscription for $10 were handed the Pioneer content pack as thanks. This came with eight NFT items, and it is believed by the community that only 550 of each were minted at the time.

Thought to be even rarer, however, is the Convict gear and Zippermouth Mask that were available to extract via hexes for a short period of time. The community believes that these are the rarest items in the game, with only 300 of each ever minted. That’s not to mention the possible increased rarity of an item based on its serial number.

There were also guns with modified stats or alternate attachments that were discontinued, which have since been rebranded to “Legacy” and “Retro” skins of stock guns that remain in the game.

Those that own items released during the closed play test are hopeful they will never return to the game, but Theodore Agranat—director of Web3 for developer Gunzilla Games—said that isn’t the case, at least for one of the rare items.

He told Decrypt that the studio “reserves the right” to release items that were never “officially released,” which is defined by it being added to the battle pass, as a monthly content pack, or as part of a special campaign. Agranat said that the Convict gear will “absolutely” be officially released in the future.

Convict chest rig and pants on left, Pioneer set on right.
Left: Convict chest rig and pants. Right: Pioneer set. Image: torToro

On top of this, Agranat confirmed that Gunzilla Games is working on a more comprehensive numbering system to help validate the amount of items minted. The studio is also implementing a system to display which items are exclusive and which are not.

Off the Grid is currently running on a testnet of GUNZ, the dedicated Avalanche L1 gaming network, meaning that items can be traded on its marketplace using its in-game GUN token. However, items and tokens cannot yet be sold on third-party marketplaces or exchanged for other currencies. 

As a result, some players are turning to the black market out of necessity to fulfill their collecting dreams. An avid Off the Grid player simply known as H claims to have bought the Pioneer, Prankster, and Anarchist sets for $3,000, so that he can gift the Pioneer set to his son (who also plays the game) once mainnet hits.

Gamer Henryk Ptasznik shared evidence with Decrypt of an almost $1,500 Solana payment he received, which he claimed was in exchange for his full Pioneer set. He told Decrypt that he did this because he already had enough GUN tokens, and wanted to cash in some of his inventory before mainnet launch, as he fears the uncertainty it may bring. 

Most traders, however, are looking to grow their inventory before mainnet, as they believe there will be an immediate price jump—and an even larger increase once a bigger audience starts playing the game and engaging with its on-chain features.

“I believe in the future of Off the Grid. It could be the next Apex [Legends] or Fortnite,” Cpt. Jaxie, a gamer that claims 40% of his crypto portfolio is in Off the Grid NFTs, told Decrypt. “My total investment into Off the Grid is around $4,500, I’ve already turned a profit. I’m around $2,000 in profit.” 

“It’s a long-term hold for me,” he added. “One year or more and [it will] 10x in price.”

With so much demand for a black market, many of the biggest Off the Grid clans—such as Flaw Gaming—have dedicated trading Discord channels. In these chats, players look to sell bundles of 1,000 GUN tokens for anywhere between $4 to $10 in an unofficial form of pre-market trading, as well as shift unwanted skins or even sell off their accounts. Other times, buyers will directly approach those holding an item they want, without the need for advertising.

When trading a specific item or set, the two parties enter a dance of risk and trust. After agreeing on a price, one party must list an item on the in-game marketplace for the other to purchase using GUN—which is often sent back to the buyer. Then the buyer must send the agreed-upon amount, usually via crypto, but there are obvious risks here as they could ghost the seller at any time. If there are multiple items to trade, then it may be done in multiple transactions.

Trust risks aside, there are also potential hazards with listing items on the marketplace at all, as a sniper bot could purchase it—especially if it is an ultra-rare item not already on the marketplace. But some traders still persist amid these hurdles.

“I like to have multiples of everything in the market, so I can sell some on mainnet and keep some for myself and my sons,” H told Decrypt. “You can call it a bit of an addiction.”

Previously, Gunzilla Games told Decrypt that it was aiming for a Q1 2025 mainnet launch, which would fully enable trading and eliminate the need for a black market. With only about three weeks left until that deadline, Agranat confirmed to Decrypt that this is still the plan.

Until then, the black market continues to thrive as community members show clear signs that they’re hungry to trade their skins. If Gunzilla Games can’t offer this yet, then much like in Web2 games, players will continue to find ways to trade.

Edited by Andrew Hayward

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‘Off the Grid’ Game Adds ‘Biggest Update Yet’—Here’s What’s New

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Blockchain-driven battle royale shooter Off the Grid has launched what Gunzilla Games is calling its “biggest update yet” by unlocking a region of the map, adding a new cyberlimb into the game, and debuting a new “street event.”

Off the Grid made a major splash when it entered early access back in October, due to its blend of the battle royale and extraction shooter genres, combined with quirky characters in a reality TV-inspired setting. It quickly became the most popular free-to-play game on the Epic Games Store, surpassing Fortnite in the process, and later won Decrypt’s Game of the Year award.  

In December, Off the Grid launched an update that focused on reworking elements of the game while boosting performance. But this latest update instead looks to add exciting new features to the experience in an effort to keep players coming back for more.

“Biggest update we have EVER done,” Gunzilla Games Director of Web3 Theodore Agranat told Decrypt, echoing the announcement calling it the “biggest update yet.” 

Firstly, the “industrial hell hole” of Midtown Harbour has been unlocked as a playable region on the Teardrop Island map. Gunzilla told Decrypt back in December that only 20% of the map was playable at the time, as it looked to open it up throughout 2025. Midtown Harbour is the first step towards unlocking this goal.

Inside this new region, the Mexican Nuestros Diablos gang has set up shop and will relentlessly defend it. This new “street event” will see players fight it out with the non-playable characters, or NPCs, in order to grab a hex—which can then be extracted in exchange for weapons, cyberlimbs, or skins.

On top of this, the game’s first side mission—called “Combat DJ”—has been added to the game. In this mission, squads will fight to control the area surrounding a DJ booth as music blares out; if a team “dominates” the zone, they will earn loot and XP. 

The most game-changing addition, perhaps, is the new MaxiGun cyberlimb, which is essentially a fully-automatic mini gatling gun strapped to your arm. How effective this will be remains to be seen, but it’s sure to shake up how players strategize their loadouts.

And if you’re just here for the refreshed cosmetics, the update also adds a Nuestros Diablos content pack as well as the Pacifist Character Set to the battle pass.

It is also worth noting that the update also includes a significant amount of bug fixes, weapon improvements, and user interface changes. Although, according to patch notes reviewed by Decrypt, it appears there has been no weapon balancing this time around.

Right now, Off the Grid’s crypto elements are working in the background on the GUNZ testnet, a dedicated L1 network on the Avalanche blockchain. Over the long-term, the game is looking to open a marketplace similar to Valve’s Steam marketplace where weapons, cyberlimbs, and skins can be freely traded.

While this update has been branded as its biggest yet, the much-anticipated launch of in-game crypto elements and the impending GUN token could bring a more substantial change that industry advocates believe will help drive crypto gaming adoption.

Edited by Andrew Hayward

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Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





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