Weekly NFT & GameFi Update (Week 33, 19/08/2022 - 25/08/2022)
Nike’s NFT-related projects have made over US$185M in revenue. An NFT from the Pudgy Penguins collection sold for 400 ETH. Splinterlands surpassed the 3 billion games played milestone.
Key Takeaways
Nike’s NFT-related projects have made over US$185 million in revenue, positioning the brand as the biggest earner in the space. Dolce & Gabbana and Tiffany & Co. are the next largest brands at $26 million and $13 million, respectively.
An NFT from the Pudgy Penguins collection sold for 400 ETH (around $600K). In the long-term, the project aims to introduce a range of physical plush toys and a children’s book.
On 24 August, Splinterlands announced that it surpassed the 3 billion battles milestone. The trading card game previously passed the 2 billion threshold in March 2022.
X2Y2 recorded a -16% decrease in sales and a -18% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +50% and its transaction count also increased +48%.
The total market cap for GameFi tokens now stands at US$9.63 billion, down -3% from last week.
Crypto.com NFT in the Spotlight
“Shining Harmony” consists of digital sculptures created using procedural geometry and shapes found in nature. It is a tribute to nature, the universe, and the synergy that exists in its functioning. The abstract sculptures imitate the flow of nature, creating new meaning in their own reality through colour and form.
Wickana is an Indonesia-based illustrator and visual artist who loves to create metaphoric and beautifully disturbing imagery. "The Dream Archive" is a collection of visual interpretations inspired by recurring dreams. Each image emerges from our minds as a reflection of what we experienced in our waking state.
NFT Highlights
Pudgy Penguins Ethereum NFTs pump 83% as Meta, Nansen execs join advisory board
NFT lending protocol BendDAO proposes emergency changes amid credit crisis
GameFi Highlights
Axie launches Season 0 with great promise but what about AXS
DeFi Kingdoms to leave Harmony for metaverse-focused blockchain
NFT Transaction Benchmark
Sources:
Magic Eden data refer to the on-chain activity of the tracked smart contracts.
LooksRare, OpenSea, and Coinbase data are retrieved from Dune Analytics.
Magic Eden, X2Y2, NBA Top Shot, and Solanart data are retrieved from DappRadar.
Notes:
1. Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date.
2. Week-on-Week (WoW) % change is calculated based on the differences between two subsequent seven-day periods.
3. Transaction count and average price refer to the number of traders and average price over the past seven days, respectively.
4. LooksRare was launched on 10 January 2022.
5. X2Y2 was launched on 16 February 2022.
The following chart shows select top NFTs and their historical floor prices:
Top Collections
The following information shows selected top artists (by sales volume on each platform) and a sample of their art.
Platform: Crypto.com NFT
Artist: Love Potions: The Birth Of Generation Q
Sales Volume (USD): $239,400
Platform: Minted
Artist: VVS Miner Mole
Sales Volume (USD): $153,500
Platform: Magic Eden
Artist: ABC
Sales Volume (USD): $2,432,380
Platform: OpenSea
Artist: Bored Ape Yacht Club
Sales Volume (USD): $8,912,523
GameFi Top Gainers & Losers
*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV
Top Games Metrics
* Week-on-Week (WoW) % change is calculated based on the differences between two consecutive seven-day periods
* Users refer to the number of unique wallet addresses interacting with the dApp's smart contracts
* Weekly Volume refers to the total amount of incoming value to the dApp's smart contracts during the seven-day period
* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the seven-day period
* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.
* Weekly volume using Splinterlands data is approx US$422K.
* Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data
from DappRadar
* STEPN data from Dune Analytics
Daily Gamers by Blockchain
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