Weekly NFT & GameFi Update (Week 34, 26/08/2022 - 01/09/2022)
Eminem and Snoop Dogg performed as BAYC characters. Meta announced that Facebook and Instagram users can post NFTs. Animoca Brands received US$100 million in funding from Temasek.
Key Takeaways
Eminem and Snoop Dogg performed at the MTV Video Music Awards as Bored Ape Yacht Club NFT characters in the Otherside metaverse. The artists both bought BAYC NFTs earlier this year, with Eminem paying around US$450,000 for his.
Meta announced that Facebook and Instagram now support NFTs from digital wallets. Digital collectibles minted on the Flow blockchain or from wallets supporting the Ethereum or Polygon blockchains can be posted on the social media platforms.
Blockchain gaming giant Animoca Brands has received $100 million in funding from Singapore state-owned Temasek. Animoca has over 340 portfolio companies, including top metaverse games like The Sandbox and Decentraland.
X2Y2 recorded a -63% decrease in sales and a +6% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +30% and its transaction count also increased +38%.
The total market cap for GameFi tokens now stands at $8.98 billion, down -7% from last week.
Crypto.com NFT in the Spotlight
Hoppler - Maff University is the most prestigious educational institution in the GN-z11 Galaxy. “Class of 3022” is a yearbook that showcases the most distinguished students on campus in their respective areas.
Thed Holes has dropped a Haute Cyber Couture collection with "Raw Society". The main goal is to represent a part of society as a building, where each member lives in their own bubble with their own dreams, ambitions, and dramas.
NFT Highlights
GameFi Highlights
Axiecon gears up for the biggest celebration of Axie Infinity on the planet
Gabriel Leydon makes comeback with $200M funding for new blockchain game company Limit Break
Chainplay report reveals 3 in 4 investors join crypto because of GameFi
Game publisher and developer Xterio raises $40M to create cross-platform Web3 franchises
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: Loaded Lions
Sales Volume (USD): $158,700
Platform: Minted
Artist: VVS Miner Mole
Sales Volume (USD): $73,680
Platform: Magic Eden
Artist: DeGods
Sales Volume (USD): $4,990,625
Platform: OpenSea
Artist: DigiDaigaku Genesis
Sales Volume (USD): $5,887,936
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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