One of the long-standing projects in cryptocurrencies is games. The integration of the gaming sector with cryptocurrencies became evident during the 2021 bull run, leading to the emergence of massive projects like Axie Infinity. Today, the gaming sector seems to be preparing for much more comprehensive projects. In this context, a recent news story has attracted attention.
Companies Agreed
According to recent news, giants Arbitrum and Sequence have collaborated with Ubisoft Labs on the Web3 game Captain Leserhawk. While the details of the announcement have not been shared yet, it is safe to say that this is a significant step.
Considering that Arbitrum’s native token is currently ranked 44th in terms of volume, it has significant market recognition. Additionally, Ubisoft, the producer of globally renowned games like Assassin’s Creed and Far Cry, is positioned as one of the leading companies in the industry.
The shift from simple, turn-based games to larger-scale games indicates rapid sector development. Meanwhile, attention has turned to Arbitrum’s price, which looked good after the past two days.
How Much is ARB Now?
During all these developments, attention was also on the Arbitrum price. Arbitrum showed signs of recovery today after significant drops yesterday. Following a 10.84% increase in the last 24 hours, it is now trading at $0.49052.
ARB’s market cap rose to $1.662 billion, while its trading volume saw a noticeable 45% drop to $383 million. This volume decrease could be interpreted as short-sellers being exhausted.
