After a challenging year, the crypto market finally saw a turning point at the end of 2022. With the overall market cap recovering and the market trend improving, the crypto gaming industry also rebounded in January.

Excitingly, Hong Kong rolled out the red carpet for crypto businesses to help revitalize the embattled financial hub, representing a positive signal for the market. The move indicates that Asian forces will once again invest more in the crypto industry.

Game industry giants like Unity and MetaMask announced cross-border cooperation, exchanging SDKs, which will likely bring new opportunities for blockchain games.

In 2023, more emerging public chains will kindle development. Many promising game projects will also enter alpha and beta stages and begin to integrate from Web2 to Web3. The market is still searching for the next popular title after Axie Infinity and STEPN.

In this article, we will summarize and analyze the trends in the GameFi market in February, 2023, from a macro level, including market performance, financing, and the development of different public chains and popular games. The chart data used in this report is provided by Footprint Analytics, an official partner of PlanckX, and more detailed data dashboards can be viewed on the Footprint Analytics website.

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