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GameFi Studios Booming Again as Cryptocurrency Prices Recover — TradingView News
GameFi projects, the darlings of the cryptocurrency industry that captured investors’ attention during the bull run from 2020 to 2022, have made a long-awaited return as Bitcoin BitcoinUSD eyes at historic highs.
On May 15, Ethereum gaming studio Web3 Immutable announced the release of its flagship title, Guild of Guardians (GOG), on Google Play and the Apple App Store. Guild of Guardians sees players venture into Elderym, a world on the brink of destruction at the hands of the Dread. To save the world, players assemble a team of Guardians to embark on an adventure battling through dungeons and bosses while earning GOG Token rewards.
According to Immutable Games director Chris Clay, the team is planning to showcase Immutable Passport and Immutable zkEVM. “The last fifteen months of development have been a whirlwind of laying the groundwork for a game and a universe that we’ve only just begun to build on,” he said.
As part of the game’s debut, the developers have allocated $1 million in GOG tokens and various non-fungible hero tokens (NFTs) as additional rewards. 
Elsewhere, Animoca Brands Japan announced on April 22 that the company will collaborate with Square Enix, creator of the Final Fantasy series, to develop the non-fungible token (NFT) hero game Symbiogenesis. “Animoca Brands Japan will support Symbiogenesis by providing its expertise in overseas expansion of Japanese projects, global NFT sales and marketing activities, and promoting collaboration opportunities to Animoca Brands’ extensive network of portfolio companies and partners,” the company wrote .
In Symbiogenesis, players will descend into a ravaged, high fantasy world and attempt to solve puzzles through missions designed around the theme of monopoly and distribution. You can play the game through any of its 10,000 NFT characters, which also serve the dual purpose of being personal profile pictures.
On April 19, Cointelegraph reported that the classic dark fantasy ARPG game Seraph: In the Darkness, powered by Arbitrum and developed by Seraph Studio, recently surpassed sales of over 11,000 Ether through multiple in-game NFT sales consisting of heroes, equipment of play, priority passes and others. The game is under continuous development and is currently in the preseason phase. 
Likewise, on May 13, Pixels, a casual Web3 game that offers an unlimited world of farming and exploration, surpassed 1 million daily active players. It generated $4.4 million in token revenue in the last month from VIP subscriptions and in-game transactions. In February, the Pixels game surpassed a $2.7 billion valuation after migrating to the Ronin gaming blockchain and listing tokens on cryptocurrency exchange Binance.
New projects have dominated the current new cryptocurrency bull market, unlike those in the previous cycle. Two years earlier, fantasy monster battle NFT game Axie Infinity accounted for nearly two-thirds of all GameFi blockchain NFT transactions. At the time, Axie Infinity had around 2.7 million players per month, a figure that has since dropped to 342,353.