- Atari launches Onchain Arcade on Base Ethereum, featuring classic games like Asteroids and Breakout.
- Illuvium will release three interconnected games on July 25, allowing for the transfer of assets between them.
- The Web3 gaming sector fell 28% in June, impacted by falling Bitcoin and Ether prices.
At the moment when the blockchain gaming market is going through a complex phase, Atari decided to strengthen its presence by introducing to the market Onchain Arcade on Base Ethereum Network.
This initiative, developed in cooperation with Coinbase and Stackoffers players a chance to relive the experience classics like Asteroids and Breakout on a state-of-the-art and accessible platform.
Users can play and compete in these iconic games for a chance to win prizes such as: Atari 2600+ and Game CodesIn addition, the leaderboard will be updated weekly until August 30, providing additional incentive for continued participation.
On the other hand, Illuvium, a gaming studio with an impressive track record of fundraisingis set to be released on July 25th three modern titles: Illuvium: Overworld, Illuvium: Arena and Illuvium: Zero.
These games are part of a connected ecosystem where players can transfer progress and items between different titles. All assets generated in these games will be recorded on Ethereum Blockchainwhich reaffirms Illuvium’s commitment to ownership and interoperability in the world of blockchain gaming.
However the context for these initiatives is not the most favorableIn June, Web3 gaming sector saw significant decline of 28% due to the decline in the value of major cryptocurrencies such as Bitcoin and Ether. This decline had a negative impact gaming tokensAND daily activity in some popular games like Pixels also dropped drastically.
Networks like Ronin and the polygonthat were previously leaders in terms of daily busy users have seen a noticeable decline in market share, reflecting a worrying trend in the adoption of and engagement with blockchain-based games.
Challenges and prospects for the sector
Decrease the value of the blockchain gaming sector highlights a number of challenges facing the industry.
Despite the pioneering efforts of companies such as Atari and Illuviumeconomic environment and The cryptocurrency market remains a key factor in the success of these initiatives..
The drop in the prices of Bitcoin and Ether has had a direct impact on blockchain games, affecting both developers and players. Networks that have shown solid growth in the past are now struggling to maintain user activitywhich may impact the future of the industry.
In this context, Atari’s initiative Arcade on the chain and Illuvium’s launch of modern games represents an attempt to revitalize and diversify the offering in the blockchain gaming market.
The success of these efforts will, however, depend largely on the sector’s ability to adapt to changing market conditions and the willingness of gamers to continue to employ these modern platforms.
This market evolution in the coming months will be crucial to determine whether these initiatives will be able to overcome current challenges and contribute to the steady growth of the Web3 gaming sector.
