Gala’s $240M Exploit, NYAN Token Launch, ‘Notcoin’ Earning Missions

The crypto and NFT gaming area is busier than ever these days, what with outstanding video games beginning to launch, token airdrops piling up, and a seemingly fixed array of different issues taking place always. It’s loads to absorb!

Fortunately, Decrypt’s GG is throughout it. And if you happen to want a fast strategy to get caught up on the newest strikes round crypto video video games, we’re completely happy to current This Week in Crypto Video games.

Our weekend roundup serves up the most important information from the previous week, together with a couple of different tidbits you may need missed. We additionally showcase a couple of of our unique tales from the week.

Greatest information

Gala Video games exploit: The Gala Video games ecosystem was attacked final week when an as-yet-unidentified individual exploited the Gala sensible contract to print and swipe 5 billion GALA tokens, or $240 million price on the time. After swapping 600 million GALA tokens for ETH by way of Uniswap, the pockets was frozen—and the following day, the attacker returned the $22 million ETH that they’d managed to get their fingers on.

The Gala staff determined to alternate the returned Ethereum for GALA tokens earlier than burning them, thus reducing the general provide. Community operators are actually voting to think about the remaining 4.4 billion GALA tokens printed by the attacker as successfully burned, since they’re presently caught in a frozen pockets.

NYAN token launches: Solana-based hero shooter recreation Nyan Heroes launched its token on Bybit, early Tuesday. The token popped over $0.46 with $22 million in early quantity, and on the time of writing it presently has a market cap of about $21 million in accordance with CoinMarketCap.

Alongside the launch, Bybit hosted a rewards marketing campaign handing out 2.76 million NYAN tokens (about $828,000) to clients that staked NYAN, MNT, or USDT on the alternate. Nyan Heroes developer 9 Lives Interactive additionally opened up airdrop claims to those that checked out the pre-alpha demo playtests on the Epic Video games Retailer.

Notcoin incomes missions: After efficiently launching its NOT token to sizable demand, viral Telegram-based clicker recreation Notcoin launched a brand new kind of in-game mission final week that lets gamers passively earn crypto rewards, reasonably than incomes one-time rewards.

“Earnings missions” information gamers by totally different communities belonging to “associate tasks,” granting them tokens in return for studying about different crypto video games and apps. The precise clicker gameplay has but to return, nonetheless, although it’s deliberate.

ICYMI

• Transfer-to-earn recreation Stepn introduced the launch of a new social life-style recreation referred to as Stepn Go.
• Pokémon-esque crypto and NFT recreation Pixelmon introduced airdrop particulars for its soon-to-be-launched MON token.
• Meme coin playing recreation Rug.enjoyable is presently beneath building because the devs work on model two of the sport.
• The Apeiron Guild Wars 2024 esports competitors started with $1 million price of prizes up for grabs.
• Fantasy High began a 22-day competitors with 222,222 Blast Gold as a reward.
• Presidential candidate Robert F. Kennedy Jr. (RFK Jr.) stated he purchased GameStop inventory to “punish predator quick promoting to the moon”

GG highlight

Listed below are a couple of of our unique tales from this previous week that we expect are nicely price a weekend learn: