Weekly NFT & GameFi Update (Week 17, 22/04/2023 - 28/04/2023)
Bored Ape Yacht Club creator Yuga Labs wins landmark victory over copycat project. Musicians Steve Aoki and 3LAU announce track inspired by CryptoPunks. Romania launches national NFT marketplace.
New Project Spotlight
NFT Collectibles
[COMING SOON] ‘The Zoanthropic Lineage’ is a project by 3D artist and sculptor Maximiliano Hache. Dropping on 1 May on Crypto.com NFT, it features wild and mythological creatures that tell the story of humanity.
[COMING SOON] ‘Spirits of The Lost’ is a collection by artist and artistic director Vamuel. This drop explores the beauty and nightmares in life, and showcases love through time and posterity. The collection goes live on Crypto.com NFT on 8 May.
Blockchain Games
[LIVE] Eyeball Games has released its new 9-ball mode. The new 9-ball rules will increase how challenging the game is, bringing a new level of pool competition to the game’s 8th season.
[COMING SOON] Defira is in the process of updating the game’s character designs and attack animations. The updates will be applied to the soon-to-be-released Defira gameplay, and gamers can get sneak peeks by joining the Defira Bonfire Event in the game’s Discord server.
The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:
The following table shows select top games by weekly Unique Active Wallets (UAW):
Gaming Token Performance
The total market cap for gaming tokens now stands at US$13.11 billion, up +1% from last week.
News Highlights
Bored Ape Yacht Club creator Yuga Labs has won a landmark victory over a copycat NFT project, dubbed ‘RR/BAYC’. The judgement was described as a win for the Web3 industry, allowing counterfeiters to be held accountable.
Electronic musicians Steve Aoki and Justin ‘3LAU’ Blau have announced their first track ‘Concentrate’, which draws inspiration from the ‘CryptoPunks’ NFT collection. Half of all royalties will be given to 99 selected NFT collectors, with the goal of giving back to collectors and democratising ownership of the song.
Romania aims to drive Web3 adoption in the country through the launch of a national NFT marketplace. The launch of the NFT trading platform will feature unique NFT collections developed in collaboration with prominent Romanian sportspeople, organisations, and institutions.
NFT collective Proof is partnering with 3D world-building platform Mona to launch ‘Moonbirds Monaverse’, a social and virtual world for the Moonbirds community. ‘Moonbirds’ NFT holders will be able to participate in virtual community experiences, including ‘live’ town halls, viewing parties, and art reveals.
Recent Research Reports
Monthly Research Roundup (March 2023): In this issue, we feature trending market insights, our latest Crypto.com Visa Card Consumer Spending Insights for 2022, and our research reports on liquid staking derivatives.
Liquid Staking Derivatives: Money Legos in DeFi: Liquid staking is now the second largest cryptocurrency sector after DEXes, replacing DeFi lending. Today, the liquid staking narrative remains strong in anticipation of Ethereum’s Shanghai upgrade, and this report explores its current landscape.
Alpha Navigator: Quest for Alpha [March 2023]: Bitcoin shines amid banking sector turmoil. Market expects a pause in rate hikes, potentially setting up new tailwinds for risk assets.
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