Animoca’s Tower crypto surges 214%, gaming activity up in July: Web3 Gamer

Animoca Brand’s gaming token TOWER grew 8X fast than Ethereum this month; gaming investment and active wallets went up in July. Web3 Gamer.

A gaming crypto token created by Animoca Brands has surged 214% over the past month and caught the eye of savvy investors after the companys popular chairman, Yat Siu, gave it a social media boost.

Tower was the fifth-most popular cryptocurrency among smart investors on the Base network over the past seven days, according to onchain analytics platform Nansen.

Tower is a utility token used across a slew of Animoca titles, including play-to-earn mobile defense game Crazy Kings, Crazy Defense Heroes and real-time PvP fighting game Wreck League.

Siu said the hype for the token came down to excitement around the reboot of Wreck League, as well as momentum from the token trending on Base and Farcaster.