GUNZ Network, GUN Token Launch on March 31

Gunzilla Games is set to debut its Avalanche-based layer 1, GUNZ Network, and its native GUN token

Video game publisher Gunzilla Games is set to debut its Avalanche-based layer 1, GUNZ Network, and its native GUN token on March 31, aligning with its earlier Q1 2025 launch estimate.

The announcement was made via an email to users, highlighting the upcoming integration of blockchain technology with AAA gaming. According to Vlad Korolov, CEO and co-founder of Gunzilla Games:

We are thrilled to announce that the GUNZ Network will officially launch on March 31. This marks a significant step forward in our journey to revolutionize gaming with blockchain technology.

A New Era for In-Game Asset Trading

Upon launch, the GUN token will be tradable on Binance with a seed tag indicating its origin from an “innovative project”, which is a tag denoting volatility and risk. The token has a capped total supply of 10 billion, with 400 million (or 4%) reserved for rewards to token stakers via Binance Launchpool.

Gunzilla Games recently partnered with Delphi Ventures, an investment firm, to establish the GUNZ Foundation, a nonprofit organisation that will oversee network launches and token distribution.

Once live, the GUNZ Network will enable players of Off the Grid to freely trade in-game assets such as weapons and skins, as well as the GUN token itself. According to the network’s website:

This will empower players to control their own virtual destiny and forge a truly unique gaming experience.

Before the mainnet launch, players have been able to interact with the GUNZ testnet, working on tasks to earn GUN tokens and in-game items. While testnet balances are expected to reset at launch, unique assets such as weapons will remain.

Is Web3 Gaming Making a Comeback?

Once considered a dead field, blockchain gaming seems to be slowly making a comeback. As Crypto News Australia reported, Layer 2 networks have experienced a massive spike in gaming activity and attracted over US$55M (AU$87M) in February of this year alone.

A recent title that is attracting attention to the Web3 gaming world is Forgotten Runiverse, which offers an open-world experience based on its Ethereum NFT collection. The game recently launched on Optimism and is currently in beta testing.