In Brief
- Full migration of Off The Grid to Gunz mainnet for EU PC players is underway after initially moving 21,000 early adopters.
- Gunzilla’s GUN cryptocurrency now recognized as a utility token under EU’s MiCAR regulations.
- Over 62,498 unique wallets and 7.7 million NFTs minted on Gunz mainnet, with $285,000 in NFTs traded on OpenSea.
Regulatory Approval and Mainnet Migration
Gunzilla’s GUN cryptocurrency has attained a significant regulatory milestone by gaining approval as a utility token under the new EU MiCAR (Markets in Crypto-Assets Regulation) framework. This approval has paved the way for the expanded migration of EU PC players to the Gunz mainnet in the Off The Grid game. The transition, which had previously encompassed only 21,000 early adopters, is now set to include a broader player base, particularly those accessing the game through platforms like the Epic Games Store and Steam.
CEO’s Perspective on Regulatory Compliance
Vlad Korolov, CEO of Gunzilla, highlighted the importance of this development, stating, “Achieving MiCAR compliance is more than a regulatory milestone — it’s a defining moment for Gunzilla and the GUNZ ecosystem.” He elaborated on the implications of this achievement: “By becoming the first gaming token approved under the EU’s new framework, we’ve not only secured regulatory clarity but also set a precedent for how web3 and gaming can thrive together in a compliant environment.”
Korolov further added, “This approval paves the way for millions of players and partners across Europe to engage with GUN as a true utility token at the heart of our ecosystem. It’s a major step toward realizing our vision of building the premier web3-native, AAA gaming chain.”
Future Migrations and Current Achievements
While Off The Grid has already launched on other major platforms like Xbox and PlayStation in October 2024, the migration of players on these platforms awaits approval from Sony and Microsoft. Currently, these players are situated on the Gunz testnet.
On the Gunz mainnet, which now hosts 62,498 unique wallets and supports the creation of 7.7 million NFTs, the vast scale of Gunzilla’s project is becoming clearer. The NFTs on this platform have been traded to the tune of over $285,000 on OpenSea, and the daily active unique wallets count stands at approximately 3,000, indicating an actively growing community within this blockchain-based gaming ecosystem.
This movement marks a significant step in the integration of gaming with distributed ledger technology, demonstrating a robust case of regulatory adaptation facilitating innovative business models within the EU.