What is Sekuya Multiverse (SKYA) Crypto Coin? A Real Look at the GameFi Project

Sekuya Multiverse (SKYA) isn't another meme coin pretending to be a game. It's a blockchain project built for Southeast Asia’s massive gaming and anime fanbase, with real plans to connect digital tokens to physical collectibles, loyalty programs, and real-world events. But here’s the truth: despite bold claims and flashy marketing, SKYA is still a tiny, volatile asset with shaky data and little mainstream adoption.

What Exactly Is Sekuya Multiverse?

Sekuya Multiverse launched on February 19, 2022, as a community-driven effort to create a gaming and entertainment hub focused on Southeast Asia. It’s not a single game. It’s an ecosystem - think of it like a digital universe where anime-themed games, collectible toys, AI tools, and loyalty rewards all connect through the SKYA token.

The project says it has over 10 million community members and 100 million impressions across social platforms. That sounds big, but numbers like that are hard to verify. What’s clearer is its target: tapping into a region with 420 million internet users who already love anime, mobile games, and collectibles. That’s not a small market.

Its main engine is called the ALICE Platform. This isn’t just a fancy name. It’s designed to bring Real World Assets (RWA) into crypto - like owning a piece of a physical anime figure through blockchain. They’ve even partnered with the Museum of Toys to co-own character IPs. That’s unusual. Most crypto projects stay digital. Sekuya is trying to bridge the gap.

How Does the SKYA Token Work?

SKYA is an ERC-20 token built on Ethereum. That means it runs on the same network as Ethereum, so you can store it in MetaMask or any wallet that supports ERC-20. Total supply is 995,412,026 SKYA, but the project plans to burn half of it - down to 500 million - over time. That’s a deflationary model, meant to increase scarcity.

As of late 2023, about 403 million SKYA were in circulation. That’s roughly 40.5% of the total. The rest is locked up, likely for team, investors, and future ecosystem rewards. That’s normal for early-stage projects. But here’s the catch: the token’s value is all over the place.

CoinMarketCap shows SKYA trading around $0.00186, with a market cap of just $740,000. Coinbase lists it at $0.0057 and a $2.3 million cap. Why the gap? Low liquidity. Few exchanges list SKYA, and trading volume is tiny - under $100,000 per day. That means a few big buys or sells can swing the price wildly.

Price History and Market Reality

SKYA’s price history is a rollercoaster. Coinbase claims it hit an all-time high of $0.0664 on December 16, 2024. But that date is in the future as of November 2025. That’s almost certainly a data error. More reliable sources show its peak was likely around $0.02 in early 2024. From that high, the price has dropped over 90%.

Right now, SKYA trades between $0.0018 and $0.0021, depending on the exchange. Technical analysts on CoinLore see strong resistance at $0.00406 - meaning it’s stuck below that level. The Bollinger Bands suggest it’s hovering near the lower edge of its recent trading range. That’s not a sign of strength.

Short-term indicators show 12 sell signals and zero buy signals across 17 metrics. That’s bearish. Even the long-term forecasts are split. CoinLore predicts SKYA could hit $0.0254 by 2026 - a 1,200% jump. But LBank’s model says it’ll only reach $0.0028. That’s less than a 50% rise. One says it’s a moonshot. The other says it’s barely climbing out of the basement.

Who’s Behind It? And Is It Legit?

Sekuya Multiverse isn’t a faceless team. It’s backed by known crypto investors: SingularityDAO, GAINS Associates, New Tribe Capital, and OIG. There are also undisclosed Japanese investors, which makes sense given Japan’s huge anime market. That adds a layer of credibility you don’t see with random pump-and-dump coins.

But backing doesn’t mean success. Look at the numbers. CoinMarketCap says SKYA has 6.78 million holders. The project wants 10 million. That’s progress, but slow. Compare that to Gala (GALA), which has over 2 million daily active users. SKYA’s ecosystem is still mostly theoretical.

There’s no public developer documentation. No clear roadmap with dates. No GitHub repo showing code updates. That’s a red flag. If you’re trying to build a game on top of SKYA, you’re on your own. No tutorials. No SDKs. No API guides. That’s not how real platforms scale.

How Does It Compare to Other GameFi Coins?

The GameFi space is crowded. Immutable X (IMX) has a $1.24 billion market cap. Gala (GALA) sits at $756 million. Theta Network (THETA) is at $624 million. All three have real games, active players, and clear partnerships.

Sekuya Multiverse? Market cap under $1 million. No major game releases. No daily active user data. It’s trying to be a niche player in Southeast Asia, but it’s not even close to catching up. Its only real edge is the anime + RWA angle. If they actually deliver on co-owned physical collectibles, that could be unique. But so far, it’s all promises.

Should You Buy SKYA?

If you’re looking for a safe investment - no. SKYA is high-risk, low-liquidity, and poorly documented. It’s not listed on Binance, Coinbase, or Kraken. You’ll need to use smaller exchanges like LBank or MEXC. That means higher fees, harder access, and more scam risk.

But if you’re a crypto explorer who likes under-the-radar projects with a clear niche? Maybe. You’re betting on two things: 1) Southeast Asia’s gaming market explodes, and 2) Sekuya actually delivers on its RWA and anime partnerships. That’s a long shot.

Don’t invest more than you can afford to lose. And don’t believe the hype. The 1,200% price predictions? Those are fantasy. The real story is in the execution - and right now, there’s very little proof it’s happening.

What’s Next for Sekuya Multiverse?

The roadmap mentions AI apps, international events, merchandising, and gaming podcasts. That’s ambitious. But without timelines, team updates, or product launches, it’s just a wishlist.

The real test will be whether they launch even one working game or physical collectible tied to SKYA. Until then, it’s a token with a cool idea, but no proof it can deliver.

If you’re interested, track their official social channels. Watch for actual product releases - not just price charts. If they drop a playable demo or announce a real partnership with a known anime studio, then maybe it’s worth a second look.

Until then, treat SKYA like a speculative bet - not an investment.