There’s a lot riding on Off the Grid’s token launch

Off the Grid is showing signs of growth after an explosive beta launch

article-image

Off the Grid screenshot by David Canellis

share

This is a segment from the Empire newsletter. To read full editions, subscribe.


If narratives were food and AI was chicken, gaming would be the other white meat.

Gunzilla Games’ crypto-infused shooter Off the Grid is then an organic free-range pig: Its early access beta has had gamers foraging for crypto and NFTs as they please since October.

I’ve so far clocked about 40 hours. I wrote in my initial thoughts that the game was fun — it still is. 

A quick refresher: Off the Grid is a battle royale in the same vein as PUBG, Fortnite and Warzone, with crypto elements powered by an Avalanche subnet which is still in testnet phase.

In-game items are actually NFTs: skins, guns, weapon attachments and cyberlimbs. You can sell those NFTs for an in-game cryptocurrency, GUN, which you also earn for each kill alongside other conditions, like lasting longer or reviving teammates.

And therein lies the hook. It mimics the crypto degen grindset in four steps:

  1. Play a match to earn GUN and collect item NFTs.
  2. Sell those item NFTs for more GUN.
  3. Buy more powerful item NFTs, making GUN easier to earn.
  4. Profit?
Daily, weekly and monthly challenges earn you more crypto

After a lull following its explosive launch, Twitch stats for Off the Grid are now showing signs of growth. Its underlying testnet is still seeing about 2.5 million transactions per day, down from three million in October. 

The marketplace is active, with anecdotally fewer failed transactions now that the early hype wave has subsided.

There’s talk of eventual GUN listings on exchanges and NFT sales on OpenSea. So, deep down, as fun as the game is, I suspect that I’m mostly grinding Off the Grid to collect as many rare items and as much GUN as possible before it’s a real coin.

That means there’s a lot riding on Gunzilla Games and its newly-formed GUN foundation pulling this off — as well as the eventual price of GUN in relation to the NFTs.

Nurturing a sustainable in-game economy without GUN going to zero is one thing. It’s another to maintain a high enough price for GUN so that hardcore players are incentivized enough to power the loot marketplace while protecting casual players from being priced out altogether.

In the meantime, we grind to find out.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (8).png

Research

Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.

article-image

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

article-image

DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

article-image

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

article-image

Some systems improve by failing — and crypto has no choice

article-image

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

article-image

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Blockworks Research

Unlock crypto's most powerful research platform.

Our research packs a punch and gives you actionable takeaways for each topic.

SubscribeGet in touch

Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

NewsPodcastsNewslettersEventsRoundtablesAnalytics