In the spring of 2022, the crypto world witnessed a wealth frenzy ignited by a pair of 'virtual running shoes.'
That year, Stepn brought the concept of 'Move-to-Earn' to the forefront. People downloaded the app, purchased NFT running shoes, and ran on the streets, subsequently earning real token rewards. GMT, the once-obscure token, started from $0.01 on Binance Launchpad and ultimately soared to a historical high of $4.11, creating a legendary rise of over 400 times and becoming one of the brightest names of the GameFi golden age.
Three years later, a larger and potentially more significant narrative for chain games is brewing.
MapleStory N: The largest IP adaptation in chain game history, igniting the Web3 adventure spirit
On May 15, 2025, MapleStory N, the Web3 chain game officially launched by Nexon, will go live on the avax mainnet. This game is adapted from a childhood memory of billions of players worldwide (MapleStory), marking the first large-scale MMORPG led by a top Web2 game publisher, with original IP adaptation and free circulation of on-chain assets in chain game history.
Its core token $NXPC is not only a payment tool but also a key pivot in multiple ecosystems including NFT forging, governance voting, and revenue distribution.
Similar to GMT's IEO on Binance back in the day, $NXPC has ignited market expectations before its launch and is expected to become the center of a new narrative in GameFi.
📊 Market Cap Extrapolation: From $2 to $40, the Potential Space for $NXPC
If we refer to the market capitalization performance of historical mainstream GameFi projects, we can draw the following extrapolation results:
Current Market Capitalization Comparison for Leading GameFi Projects (Estimated Opening Circulation of 17%):
$GALA (703M Market Cap) → $NXPC ≈ $4.13
$SAND (691M) → $4.06
$MANA (579M) → $3.40
$AXS (369M) → $2.17
📌 Conservative Estimate: $2～$4 Range
Bull Market Historical High Benchmark (2021–2022):
$SAND (6.9B) → $NXPC ≈ $40.54
$GALA (7B) → $41.14
$MANA (4.7B) → $27.48
$AXS (2.6B) → $15.29
📌 Aggressive Valuation Upper Limit: $15～$40 Range
Such potential is no less than that of GMT back in the day. At that time, GMT was listed on centralized exchanges like Binance and Huobi, combined with ADIDAS co-branded NFTs and explosive platform growth, creating a hundredfold legend. Today’s $NXPC has a stronger IP, a larger publisher, a broader user base, and a more mature mechanism design, providing a foundation for 'recreating the legend.'
🎯 Key Factors Determining Price Explosion:
1. Choice of Exchange for Launch
If directly listed on major CEXs like Binance or OKX, liquidity and narrative enthusiasm will be maximized.
2. Player Conversion and On-Chain Retention Rate
Whether Web2 players can successfully migrate and remain in Web3 is the key to $NXPC's success or failure.
3. Economic Model Stability
Having effective deflationary, buyback, and staking mechanisms is a guarantee for long-term market capitalization stability.
4. Market Cycles and GameFi Sector Performance
If the overall crypto market enters a fund rotation period, the GameFi sector may rise again, and $NXPC is very likely to become one of the leaders.
🤔 Conclusion: Are you ready to embark on your own chain adventure?
Is participating at $0.5 or $1 a 'dangerous gamble' or the 'starting point for the next $GMT
Stepn once made us believe that a pair of virtual running shoes could change the world. And MapleStory N is telling us that a classic game IP and a AAA studio may reignite the global players' enthusiasm for chain games.
The story of $NXPC has just begun.
