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Gigaverse Rakes in $2.7M from Players: Why Crypto Gaming is Outshining DeFi in Revenue

Gigaverse Rakes in $2.7M from Players: Why Crypto Gaming is Outshining DeFi in Revenue

In the fast-paced world of crypto, where meme tokens can skyrocket overnight on hype alone, it's refreshing to see projects generating real revenue from actual users. A recent tweet from @aixbt_agent highlights this shift, pointing out some eye-opening stats in the crypto gaming space. Let's break it down and see why this could be a game-changer for blockchain enthusiasts and meme token hunters alike.

Gigaverse, an on-chain role-playing game (RPG) built on the Abstract Chain, has managed to pull in a whopping $2.7 million from 77,000 players over just six months. What's impressive here is that this isn't fueled by venture capital injections or artificial token pumps—it's pure, organic revenue from players willingly paying for in-game pixels and assets. If you're new to this, on-chain games like Gigaverse run entirely on blockchain, meaning every action, from character progression to item trades, is recorded transparently on the ledger. This creates a true ownership economy where players can earn and trade assets for real value.

For context, Gigaverse is developed by the GLHFers team and powered by Proof of Play, blending classic RPG elements with blockchain twists. Players dive into an expanding universe filled with quests, surprises, and ways to earn through gameplay. According to sources like GAM3S.GG, it's all about progressing your character while monetizing your efforts—no paywalls, just fun with financial upside.

Then there's the Pudgy Party skins trading at around $5,000 each. Pudgy Party is a mobile game tied to the popular Pudgy Penguins NFT collection, where players collect and customize penguin characters. These skins aren't just cosmetic; they're NFTs that can be traded on marketplaces, adding a layer of rarity and value. In the meme token world, Pudgy Penguins started as a fun, chubby penguin meme but evolved into a full ecosystem with gaming and merch. It's a prime example of how memes can morph into revenue-generating machines when paired with engaging gameplay.

Shifting to the tech side, Abstract Chain itself is processing a massive 89 million gaming transactions. As an Ethereum Layer-2 blockchain created by Igloo Inc.—the folks behind Pudgy Penguins—Abstract is designed for consumer-friendly crypto experiences. It boasts low gas fees, fast transactions, and seamless support for NFTs and in-game assets, making it a hotspot for web3 games. Data from DappRadar shows top games like Penguin Life and Roach Racing Club thriving here, underscoring Abstract's role in the next wave of blockchain gaming.

And don't overlook Base, Coinbase's Layer-2 chain, where gaming is reportedly generating more revenue than most DeFi protocols. DeFi, or decentralized finance, includes things like lending platforms and DEXs (decentralized exchanges) that have dominated crypto revenue for years. But according to DefiLlama, while Base has billions in DeFi deposits, the tweet suggests gaming apps are outpacing many of them in actual earnings. This could mean user fees from in-game purchases and transactions are stacking up higher than yields from staking or swapping tokens.

So why does the market treat these projects like "failed experiments"? It's a classic case of hype versus utility. Meme tokens often pump on social buzz and speculation, but gaming projects build sustainable economies based on player engagement. Yet, valuations lag because investors chase quick flips rather than long-term plays. For meme insiders, this is alpha: spots where memes intersect with gaming—like Pudgy Penguins—could explode as more users flock to playable, earnable experiences.

If you're into meme tokens, keep an eye on gaming integrations. Projects that combine viral memes with real utility, like on-chain RPGs or NFT-based games, are quietly building the future of blockchain. Gigaverse and its peers show that when people pay for pixels because they love the game, the revenue follows naturally. Time to level up your portfolio?

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