GameFi Weekly Recap: Despite the Fed's significant rate cuts, GameFi tokens still experienced a "Red October" crash! Yuga Labs delisted Koda, and Virtuals Cook emerged! Despite the Fed's significant rate cuts, GameFi tokens still crashed during "Red October"! Bored Ape's developers launched a social hub for their metaverse! Mythical Games partnered with Sam Altman-backed World! Gala shut down three Telegram games! VIRTUAL surged 69%! Let's take a look at why the Web3 gaming market continued its upward trend this week! 🧵 1/6 Market Overview: The GameFi sector fell 4%, with its market capitalization declining to $13 billion. Bitcoin's price briefly fell to $106,500 before recovering to $110,000 (down 1%). The altcoin seasonal index rose from 23 to 29, but Bitcoin's market share remained solid at 59.4%. Trading volume surged 26% to $2.6 billion, with market volatility rising again. 👀 2/6 💎 Top Gainers: 🔹 Virtuals Protocol (VIRTUAL): +68.82% 🔹 Open Loot (OL): +51.27% 🔹 Heroes of Mavia (MAVIA): +39.69% 🔹 inSure DeFi (SURE): +16.99% 🔹 Yooldo (ESPORTS): +11.35% 3/6 🎮 Gaming Focus, Koda Nexus: @YugaLabs will launch Koda Nexus on November 12th, the social core of its Otherside metaverse, along with Amazon NFT avatars. After years of testing, the developers of *Bored Ape* have finally presented this open-world game to players as a 24/7 online digital playground. 4/6 Industry News: 🔹 @Worldcoin, powered by Sam Altman, has partnered with @playmythical to bring "real-person identity verification" to games such as FIFA Rivals, NFL Rivals, and Pudgy Party. Real players enter, bots exit 🔹 PlayCambria raises $2.3 million for its native on-chain MMO game (led by Bitkraft and Sky Mavis) 🔹 Gala Games to shut down three of its Telegram games (Music Coin, Meow Coin, and DFTF) to focus on the $TREZ launch of Treasure Tapper 🔹 Ragnarok: Monster World to shut down on December 29th following the Ronin spin-off 5/6 🎯 Key Takeaways: 🔹 Market volatility is high this week; please manage risk carefully. 🔹 Follow venture capital and understand the flow of funds in GameFi. 🔹 Closely monitor macroeconomic trends that may influence market direction. Safety first, stay informed! 📊 6/6