#863 An even better week for Henesys
Nexon's L1 is still growing strong
Top 300 Web3 Games Index: ↓8% today, ↓55% YTD
Ronin Games Index: ↓11% today, ↓73% YTD
Immutable Games Index: ↓2% today, ↓47% YTD
AI Gaming Agents: ↓11% today, ↓56% YTD
Jon’s TX Games Index: ↓6% today, ↓51% YTD
Jon’s 2025 Reboot Index*: ↓9% today, ↓59% YTD
*Definitely not investment advice
Thanks to a shortened week including a classic British bank holiday Monday spent on a rain-swept beach, this roundup email looks forward, rather than back.
For, as covered extensively last week, Nexon’s MapleStory N was — and continues to be — the big news in blockchain gaming, albeit one quietened by its lack of official support in key territories such as the US, the UK, Japan and South Korea, amongst others.
Nevertheless — by which I mean through the power of VPN — the game’s daily activity is growing nicely.
It’s had over 500,000 active wallets on its NFT marketplace, with the underlying Henesys blockchain on which the game and marketplace run peaking at over 50,000 daily active unique wallets on 26th May.
This means Henesys is now hosting more daily activity than all games and apps on the Immutable zkEVM blockchain or than farming social RPG Pixels, which runs on Ronin.
That’s pretty impressive for an ecosystem that’s only two weeks old and officially unavailable in key gaming territories.
Of course, crypto is nothing if not an environment of cyclical boom and bust so current trajectory does not guarantee future success; something perhaps highlighted by the performance of Henesys’ native NXPC token, the price of which has dropped 59% since launch.
More generally, however, I think the early success of MapleStory N gives further weight to the argument that the companies who will do well from blockchain gaming will be those experienced teams who build deep and complex projects that can attract gamers, without losing them in crypto complexity.
The approach of Immutable — and to a degree Ronin — of building an ecosystem in the hope that the hits will come is, in contrast, fast diluting.
Sponsored by Hiro Capital: investing 📈 in the future 🔮 of gaming 🎮
Weekly News roundup
Game distribution platform Oncade raises $4 million.
OpenSea’s OS2 relaunch starts with its Voyages XP system.
Bitkraft commits to further blockchain gaming deals with hiring moves.
Opti Games partners with Sequence ahead of Sparkball launch.
Following LOL Land’s launch, YGG announces its “casual degen” publishing push.
Wemade’s Wemix Pay solution goes live in Mir4.
Sleepagotchi Lite launches on LINE mini dapps.
Line Next’s Mini Dapp platform gets Bitget Wallet support.
Super Champs kicks off 7.5 million CHAMP tournament.
Disney+ loyalty program combines with Dapper Labs’ Disney Pinnacle NFT collectibles.
FLOKI launches partnership with New to The Street in multi-platform ad campaign.
As discussed below:
🔗 Additional Links 🔗
Immutable has given away $585,600-worth of IMX tokens during the first 2 months of its rewards program. The IMX price is down 15% during the same period.
Animoca-owned nWay is closing down its NFT marketplace on 3rd June, with users now enabled to migrate their Olympic Pin NFTs from Flow to Base.
🤖 AI-ditional Links 🤖
Opera has announced Neon, its AI-powered agentic browser. You can join the waitlist here.