Share this article
Magic Eden Forms Web3 Games Collective With Leading Publishers, Communities
The NFT marketplace has teamed up with Yield Guild Games, Game7 and Fenix Games to bring Web3 games mainstream.
By Rosie Perper
Updated Mar 24, 2023, 7:22 p.m. Published Mar 24, 2023, 7:22 p.m.
Non-fungible token (NFT) marketplace Magic Eden is continuing its expansion into Web3 gaming by forming the Web3 Games Collective (W3GC) with several leading publishers and communities.
The new industry group, unveiled at the annual Game Developers Conference in San Francisco on Friday, is focused on driving mass adoption of Web3 gaming by leveraging its collective expertise and resources. Members of W3GC include Web3 gaming decentralized autonomous organization (DAO) Game7, decentralized guild network Yield Guild Games and Web3 gaming publisher Fenix Games.
STORY CONTINUES BELOW
See Also: How to Level Up Your Knowledge of Web3 Gaming
“We’ve seen an emphasis on infrastructure investment for blockchain games, and many teams are doing great work tackling important problems in the technology and services ‘stack’” said Steven Chen, core contributor at Game7. “A focus on bringing in more quality games and [intellectual property] will drive the sector forward, as we saw with PC, console and mobile games.”
Gabby Dizon, co-founder of YGG, said in a statement that discovering and accessing Web3 games remains too complicated for the average user. "Working with a DAO like Game7 and a game publisher like Fenix Games enables YGG to address the industry's challenges by simplifying the landscape and growing the ecosystem for mass adoption."
The group also hopes to "de-risk" the space for investors and developers and help find and scale a blockchain "mega-hit" that will bring in new users.
Magic Eden has expressed a growing interest in Web3 gaming in recent months. In December, the company named former Electronic Arts executive Chris Akhavan as its chief gaming officer, and, in February, Magic Eden Ventures invested in 11 Web3 gaming studios.
The expansion continued earlier this month with "Mint Madness, an initiative to launch a dozen games on three blockchains through March. On Wednesday, the company launched Magic Eden Games, a platform aimed at helping game studios connect with players and share game updates.
Interested in keeping up with Web3 news and trends? Subscribe to The Airdrop here.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems
The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based dapps.
What to know:
- A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on mainnet, enabling asset transfers between the two ecosystems.
- The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based decentralized applications.
- The open-source bridge on GitHub enables developers to integrate cross-chain support, marking a step toward interconnected blockchains and "always-on" capital markets, with more chains expected to be linked in the future.
Top Stories
