rewrite this title B3 Ethereum Gaming Token on Base Jumps to New High Price After Airdrop – Decrypt

B3, an ecosystem token for the Ethereum layer-3 gaming network of the same name, climbed to a new all-time high on Tuesday after it was launched and airdropped to early users the day prior. 

The token, which now trades at a price above $0.016, is claimable until February 24 for users and builders from “Season 1” who earned XP or BP points in the B3 ecosystem. The B3 network is built atop Coinbase’s Ethereum layer-2 network, Base. 

The airdrop claim opened on Monday with the B3 token trading in a range from $0.004-$0.005 for most of the day, moving higher after Coinbase announced the token was live for trading on its platform on Monday night.

Now B3–which provides holders and stakers with exclusive benefits, like access to dedicated gamechains and early access to games–is trading more than three times higher at $0.0161, down about 11% from the all-time high price above $0.018 that it achieved on Tuesday. The price nearly touched $0.018 again on Wednesday afternoon.

Approximately 20% of the B3 supply was put in circulation on day one, 11% of which was part of the S1 airdropped tokens coming from a total allocation of 34.2 billion tokens that will eventually be provided to the community and ecosystem—some of which will come in the form of another airdrop.

“This S1 airdrop isn’t just a one-time event,” the platform posted on X (formerly Twitter). “There will be more airdrops, tournaments, and gamified ways to earn B3 going forward.”

B3’s gaming ecosystem has grown to more than 80 titles and 6 million players since its launch in 2024. Notable Web3 gaming brands like Parallel and InfiniGods are actively building in the B3 ecosystem, and plan to launch dedicated “gamechains” devoted to different types of games.

Edited by Andrew Hayward