GameFi Weekly Update: Axie Price Adjustment, Pixiland's Exit from Web3 Platform, and More The GameFi market cooled down after a strong start to January. Axie Infinity experienced significant price volatility, smaller-cap tokens saw price declines, and the game Ronin completely exited the Web3 platform. Here's a brief recap. 🧵 1/7 The $AXS token experienced significant volatility this week. On January 14th, $AXS's market capitalization surged to approximately $230 million, a roughly 50% increase in two days. By January 15th, the token had fallen by over 14%, and its current market capitalization is approximately $208 million. Source: @CoinMarketCap 2/7 Meanwhile, smaller-cap GameFi tokens struggled to maintain their gains. The price of the World of Dypians token, $WOD, more than doubled last week, surging from approximately $9 million to over $20 million, but has since fallen nearly 40%. Source: @CoinMarketCap 4/7 On the other hand, Pixiland: Age of Heroes announced the suspension of all Web3 functionality, switching entirely to a Web2 model. The Ronin-based game stated that this move was due to market conditions, regulatory challenges, and limited resources. Its Web3 control panel will be shut down on March 1st. 6/7 Data Overview: • GameFi Total Market Cap: Approximately $9.35 billion • Price Change: -2% • 30-Day Change: +101% For more details and full information, please see the news brief below 👇 7/7