OnChain Heroes NFT Surges 13x, Ignites GameFi Rally

The GameFi sector continues its hot streak as OnChain Heroes, a new idle RPG developed by pseudonymous creator SkarlyWarly, sees its genesis NFT collection surge over 13x from its mint price within a single day.

The collection of 1,000 ring NFTs minted at 0.2 ETH per NFT and quickly climbed to 0.7 ETH on the secondary market. Within six hours, prices hit a peak of 2.7 ETH, marking an astounding 1,250% increase.

SkarlyWarly’s Track Record: From Wolf Game to OnChain Heroes

SkarlyWarly’s name resonates in the GameFi space as a developer behind the 2021 hit Wolf Game, a pioneer in NFT staking and game theory mechanics. Wolf Game saw its:

• Sheep NFTs reach a 4 ETH floor post-launch.
• Rare Wolf NFTs climb to over 30 ETH at their peak.

Unrevealed NFTs Offer Future Benefits

The OnChain Heroes ring NFTs remain unrevealed, with a rarity reveal planned later. While the rings are not required to play the game, holders gain exclusive benefits, including:

• Future NFT rewards.
• Guaranteed spots for future mints.
• Token allocations within the ecosystem.
• Unique in-game items.

The OnChain Heroes game itself is expected to launch in January 2024, hosted on Abstract Chain—a consumer-focused blockchain developed by Igloo Inc., the parent company of Pudgy Penguins.

GameFi Tokens Surge Alongside NFT Rally

OnChain Heroes’ explosive mint comes amid a broader resurgence in GameFi tokens. Over the last month:

• Immutable X (IMX) is up 48%.
• Gala (GALA) climbed 85%.
• The Sandbox (SAND) token surged an impressive 160% in 30 days.

This rally signals renewed investor interest in blockchain gaming infrastructure and metaverse-related assets.

Prominent gaming NFT advocate Grail.eth captured the sentiment in an X post:

“It’s clear to me the web3 gaming sector is wildly underpriced right now and is going to run soon. Just one spark will ignite gaming.”

The OnChain Heroes NFT mint has set the stage for a broader GameFi rally, showcasing the growing appetite for gaming NFTs and blockchain-based ecosystems. With Abstract Chain and January’s game launch on the horizon, OnChain Heroes could mark the spark that accelerates Web3 gaming adoption further into 2024.