Web3 Gaming

‘Off the Grid’ Game’s GUNZ Network Launching Next Week With GUN Token

Off the Grid creator Gunzilla Games will debut its Avalanche L1 blockchain GUNZ Network and its native GUN token on March 31, living up to its earlier Q1 2025 launch estimate. Alongside the network launch, the chain’s native gas token GUN will be immediately tradable on Binance with the seed tag applied, indicating that it comes from an “innovative project” and that the token may be subject to greater volatility and risk.

“The biggest AAA gaming ecosystem in Web3 is he to Binance— the world’s leading exchange,” the GUNZ network’s official X account posted.GUN will have a total supply of 10 billion tokens, 400 million or 4% of which will be allotted for rewards for token stakers via Binance Launchpool. The GUNZ Network launch comes just three months after Gunzilla Games teamed up with investment firm Delphi Ventures to aid in the creation of the GUNZ Foundation, a nonprofit designed to oversee the network launch and its token.

Given the late-month announcement as the Q1 window faded, the news led to a drastic shift in prediction market odds on MYRIAD, where traders were wagering on whether or not Off the Grid would hit mainnet by the end of Q1. (MYRIAD is owned by Decrypt’s parent company, DASTAN). At 7:00am ET on Thursday, MYRIAD odds stood at nearly 75% in favor of “No”—but quickly flipped to 73% “Yes” by 10:00am ET, after the news broke. Currently, however, users appear doubtful that the launch will happen as planned, with only 43% of MYRIAD users picking “Yes” as of this writing.

Once the mainnet is live, players of the game will now be able to freely trade in-game assets like weapons and skins, as well as openly trade the GUN token. “GUNZ is the first-ever platform in a triple-A game that gives you the option to turn your items into tradable NFTs inside the game’s marketplace or elsewhere,” says the network’s website.

Prior to mainnet, users playing Off the Grid have been interacting with the GUNZ testnet, accruing GUN tokens and in-game items by playing the battle royale shooter. It’s expected that testnet GUN token balances will be reset when mainnet launches, but unique assets will be kept. Some users have already begun trading of those assets, opting not to wait for mainnet launch and instead utilizing unofficial “black markets” to buy or sell rare items, sometimes for thousands of dollars each. Soon they won’t need to do so.

Gunzilla Games’ Off the Grid, which is available via PC, PlayStation 5, and Xbox Series X, burst onto the scene in early access in October 2024, garnering attention from gamers in crypto and beyond. The GUNZ network will also be utilized by other studios for their own games, with the GUN token used across titles.

Terron Gold