Key Takeaways
- Helium Wars is set to launch its mainnet in Q2 2025.
- CapyBomb offers token utility for Bombie’s delayed BOMB token airdrop.
- GameFi tokens have faced double-digit losses over the past week.
Web3 gaming is heating up as new titles push forward with ambitious launches—even as token prices lag behind.
From successful testnet debuts like Helium Wars to the viral growth of Telegram-based CapyBomb, player activity is surging.
Meanwhile, established players like Mythical Games and Yuga Labs are making bold moves through IP partnerships and game reveals.
However, behind the momentum, the GameFi market is showing signs of stress, with major tokens posting double-digit losses despite the buzz.
Helium Wars
Upcoming third-person shooter, Helium Wars, officially launched its testnet on the SEI Network.
As per a press release from the team, it was a resounding success with over 1,500 players competing across more than 500 PvP matches.
Built on the Unreal 5 Engine, it’s one of the many AAA battle-royale games coming to Web3 gaming this year, with the first game prototype slated for launch in Q2 2025.
Following the testnet success, the team now plans to deploy the mainnet and work toward launching new game modes, maps, NFTs, community tournaments, and its native token, HELM.
CapyBomb Players
CapyBomb, the highly anticipated follow-up from the creators of Bombie, attracted over 250,000 players within 10 days of launch for its idle tap-to-earn gameplay.
Interestingly, the CapyBomb bot on Telegram says that it has recorded over 500,000 monthly users, suggesting that its player count has doubled since May 30.
However, the community remains frustrated by delays to the long-awaited BOMB token airdrop.
Initially promised for May 20, the team postponed it “only for the right reason” after missing Q1 roadmap goals outlined in their whitepaper.
Despite player anger, many remain engaged due to CapyBomb’s promise of future BOMB token utility.
Still, ongoing delays and reputation issues risk discouraging in-game purchases, potentially threatening the game’s long-term prospects.
Yuga Labs IP Sales
Web3 gaming startup Orange Cap Games (OCG) recently acquired the intellectual property rights to the Ethereum-based Moonbirds NFT collection from Yuga Labs, along with Mythics and Oddities, for an undisclosed amount.
This sale is part of Yuga Labs’ broader move to offload several NFTs and IPs it acquired over the past year, including CryptoPunks, Meebits, and Web3 games like HV-MTL and Legends of the Mara.
FIFA
FIFA Rivals debuted its first gameplay trailer on May 28, giving players a glimpse of the fast-paced, arcade-style football experience coming to mobile.
Developed by Mythical Games in partnership with FIFA, the title features 90-second matches, power-ups, and collectible player cards.
The game leans into short, strategic bursts of action with Web3 elements still to be fully detailed.
As excitement grows, some industry experts caution developers to avoid overpromising and focus on transparency.
GameFi Tokens
As per CoinMarketCap, gaming tokens have experienced a sustained decline since the year began.
On Jan. 7, the GameFi token market cap hit a 2025 peak of $27.62 billion, and across a number of broader crypto market corrections and dips, this figure bottomed at around $9 billion on April 4.
Then, amid the buzz around Web3 gaming, billions began pouring back into the market as major titles launched, surging to a cap of $22.59 billion toward the end of May.
However, this was momentary, as it has since shrunk by over 11.3% to $19.12 billion in the past week.
Tokens from top gaming networks and titles such as Immutable (IMX), The Sandbox (SAND), Axie Infinity (AXS), Ronin (RON), and the newly launched NEXPACE (NXPC) recorded double-digit losses over the past seven days.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
