Weekly NFT & GameFi Update (Week 30, 29/07/2022 - 04/08/2022)
Tiffany & Co. launches exclusive offer for CryptoPunks NFT holders. MagicEden will soon be integrating Ethereum NFTs. GameFi & Metaverse were the sectors that were least affected by the Terra debacle.
Key Takeaways
CryptoPunks NFT sales jumped 248% after luxury jewellery retailer Tiffany & Co. announced that holders can create a custom gold pendant in the likeness of their punk, and receive an complementary NFT.
Leading Solana NFT marketplace Magic Eden will soon be integrating Ethereum NFTs on its platform, helping the platform extend its presence across Web3 communities.
According to a report by DappRadar, GameFi and NFT-related metaverse projects were the crypto sectors that were least affected by the Terra debacle. In Q2, they posted transaction count increases of 9.5% and 27%, respectively.
X2Y2 recorded a +8% increase in sales and a -25% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +20%, while its transaction count also increased +25%.
The total market cap for GameFi tokens now stands at US$10.35 billion, up +2% from last week.
Crypto.com NFT in the Spotlight
Crypto.com and K-pop agency Fantagio entered a joint venture to pursue NFT projects. Fantagio manages K-pop idol groups such as ASTRO and Weki Meki, as well as South Korean actors like Cha Eun-woo and Ong Seong-woo.
"Neon Heritage" focuses on the appreciation and conservation of a major part of Hong Kong's one-of-a-kind visual identity. Upon learning that his home city of Hong Kong was removing its captivating neon signs, photographer Sean Foley made it his mission to capture them all before they are gone.
NFT Highlights
Gucci goes APE: Luxury brand adds Bored Ape Yacht Club token as payment option
Moonbirds to move to CC0 public licence and form Moonbirds DAO
Ledger’s first NFT collection sells out in less than 24 hours
Crypto firm Chiliz nabs $100M stake in FC Barcelona's digital studio
GameFi Highlights
AO Labs raises $4.5M for Web3 gaming platform Spacebar backed by big names in GameFi
Gaming claimed record 60% of blockchain activity in July: DappRadar
Sorare 7-day NFT sales whizz past $7M on AC Milan tail winds
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 selected 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): $282,400
Platform: Magic Eden
Artist: Rakkudos
Sales Volume (USD): $2,486,437
Platform: OpenSea
Artist: CryptoPunks
Sales Volume (USD): $5,902,032
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$332K.
* 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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Weekly NFT & GameFi Update (Week 30, 29/07/2022 - 04/08/2022)
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