AVAX Up 7% as Xbox’s Shooter Game Will Launch on Avalanche

The Avalanche blockchain has announced a partnership with gaming studio Gunzilla to launch an Xbox-compatible shooter game dubbed Off The Grid. Following news of the partnership Avalanche’s native coin, AVAX, saw a mild price increase.

First Xbox-Compatible on Avalanche

The Avalanche team noted in the announcement that the shooter game will be the “first major” Web3 game accessible with an Xbox game console to be deployed on the Avalanche layer-1 network.

The first major console release for a Web3 game, built on Avalanche ????

Who’s excited for @playoffthegrid?? https://t.co/wVM3hVN1yP

— Avalanche ???? (@avax) February 9, 2024

The announcement adds that the game will be launched on an Avalanche subnet, a smaller network within the Avalanche ecosystem where a group of validators are responsible for on-chain activities within the subnet. As part of the collaboration, Gunzilla’s blockchain-based digital economy platform GUNZ will be deployed on an Avalanche subnet.

Explaining how the Avalanche subnet will uphold the game-themed platform, the announcement stated:

“This Subnet has been customized to enable seamless gameplay, utilize only in-game tokens for gas fees, and provide an intuitive, rewarding user experience for both Web3 and traditional gamers.”

Off The Grid is a cyberpunk battle-themed game. Featuring a player vs. player (PvP) and player vs. environment (PvE) model, the game invites all pro adult gamers to delve into the dystopian tropical island characterized by corporate warfare. Developed and published by Gunzilla Games, the game offers players the opportunity to influence the gameplay and narrative of the battle royale game.

The collaboration promises more games to come after Off The Grid’s debut.

AVAX Up 7.5%

Shortly after the announcement, AVAX’s value jumped by over 7.5% over the last 24 hours to its current trading price of $38.34. The price also represents a mild 5.8% increase in the last seven days.

Source: CoinStats

AVAX’s price over the past months has been driven by several developments within the Avalanche network. For example, the Avalanche Foundation announced in December its intention to invest part of a $100 million fund in memecoins as a way of supporting creators and boosting innovation.