This Week in Crypto Gaming – Shrapnel Licenses in China, The Sandbox Alpha Season 5 Launch, Gunzilla Games' $GUN Token Launch

This week has seen several exciting developments in the crypto gaming, crypto gaming NFTs, and Web3 gaming projects, with key events highlighting growth, regulatory progress, and community engagement.

Key Points – TLDR

This week has seen several interesting developments in the crypto gaming, crypto gaming NFTs, and Web3 gaming projects.

There was some major news regarding Shrapnel’s licensing in China, The Sandbox’s Alpha Season 5 launch, and Gunzilla Games’ token listing on Binance.

Is Shrapnel Out of Funding?

Shrapnel has become the first licensed Web3 game on China’s official RWA Trusted Copyright Chain, partnering with the Chinese government. This move is significant as it could open up the vast Chinese gaming market, known for its strict regulations on crypto.

The partnership will focus on authenticating digital assets like props and characters, with an initial agreement for compliant trading and localization, expected to launch fully in 2025.

This development is particularly interesting given China’s stance on cryptocurrencies, making it a huge step in expanding Web3 gaming.

But, major news came from Kate Irwin of Blockworks:

“Multiple sources familiar with Shrapnel’s financials told Blockworks that Neon Machine has a slew of unpaid debts, owing millions to external vendors.”