NFT & Blockchain Gaming Weekly (17/02/2023)

Ordinal NFTs triggered a surge in user activity on Bitcoin. NFT marketplace Blur airdropped 360M $BLUR tokens. Video game giant Square Enix partners with Polygon.

Feb 17, 2023
Crypto.com NFT GameFi Weekly

New Project Spotlight

NFT Collectibles

[COMING SOON] The Art of Giving IIis an initiative by Crypto.com to support humanitarian aid in response to the Kahramanmaras earthquake, where all proceeds from the drop will be donated to the cause. The project goes live on 21 February 2023.

[COMING SOON] Mystical Nature is a collection by Rank SSS, a motion designer and 3D artist from Algeria. Dropping on 20 February, it features strange hidden worlds that belong to a different dimension, where multiple layers of reality meet and connect.

Blockchain Games

[COMING SOON] Croskull’s Season 4 pet eggs will be available soon. The game has reached a total of 6,064 Croskulls in the adventure game, as well as a 3.3% burned GRVE index.

[COMING SOON] Snook makes plans for multi-chain compatibility in order to enable more players to access the game. It is a multiplayer, Snake-like game where players’ performance can directly affect the in-game NFT assets’ face value.

NFT Metrics

The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:

PlatformCollectionSales Volume (USD)Floor Price (USD)Sample
OpenSeaOtherdeed for Otherside$33,140,000
(+93%)
$3,300
OpenSeaMutant Ape Yacht Club$15,012,000
(+6%)
$27,200
Crypto.com NFTLoaded Lions$73,900
(-24%)
$1,500
Crypto.com NFTExpedition 8.2 (Carkayous)$34,500
(—)
$50
MintedVVS Miner Mole$21,700
(+19%)
$150
MintedAtlantis Planets$15,400
(-49%)
$50
PlatformOpenSea
CollectionOtherdeed for Otherside
Sales Volume (USD)$33,140,000
(+93%)
Floor Price (USD)$3,300
Sample
PlatformOpenSea
CollectionMutant Ape Yacht Club
Sales Volume (USD)$15,012,000
(+6%)
Floor Price (USD)$27,200
Sample
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$73,900
(-24%)
Floor Price (USD)$1,500
Sample
PlatformCrypto.com NFT
CollectionExpedition 8.2 (Carkayous)
Sales Volume (USD)$34,500
(—)
Floor Price (USD)$50
Sample
PlatformMinted
CollectionVVS Miner Mole
Sales Volume (USD)$21,700
(+19%)
Floor Price (USD)$150
Sample
PlatformMinted
CollectionAtlantis Planets
Sales Volume (USD)$15,400
(-49%)
Floor Price (USD)$50
Sample
As of 17 Feb 2023 Sources: OpenSea, Minted, Crypto.com Research

Blockchain Game Metrics

The following table shows select top games by weekly Unique Active Wallets (UAW):

GameBlockchain(s)UAWVolumeLogo
SplinterlandsHive, WAX224K
(-11%)
$4K
Farmers WorldWAX80K
(-13%)
$15K
Planet IXPolygon80K
(-22%)
$583K
Axie InfinityRonin, ETH40K
(-18%)
$14M
Meta ApesBNB Chain38K
(+1%)
$440K
GameSplinterlands
Blockchain(s)Hive, WAX
UAW224K
(-11%)
Volume$4K
Logo
GameFarmers World
Blockchain(s)WAX
UAW80K
(-13%)
Volume$15K
Logo
GamePlanet IX
Blockchain(s)Polygon
UAW80K
(-22%)
Volume$583K
Logo
GameAxie Infinity
Blockchain(s)Ronin, ETH
UAW40K
(-18%)
Volume$14M
Logo
GameMeta Apes
Blockchain(s)BNB Chain
UAW38K
(+1%)
Volume$440K
Logo
As of 17 Feb 2023 Sources: DappRadar, Crypto.com Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$11.81 billion, up +8% from last week. 

Image 12

News Highlights

  • Ordinal NFTs have triggered a surge in user activity on the Bitcoin blockchain, with Bitcoin miners earning US$600,000 in total transaction fees. Since the launch of Ordinals in December 2022, users have inscribed a total of more than 124,000 NFTs.
  • The trading volume of NFT marketplace Blur‘s token reached $500 million after its recent airdrop. BLUR has a total supply of 3 billion tokens, of which 360 million were claimable by eligible users. The governance tokens allow holders to have a vote in the protocol’s direction.
  • Square Enix, the Japanese video game giant behind popular games like Final Fantasy, is partnering with the Polygon network to launch a gamified art collecting experience. The project, titled Symbiogenesis, is built around digital collectible art that is tied to a storyline in a virtual adventure.

Recent Research Reports

Research Roundup Newsletter [January 2023]: In our latest issue, we feature market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.Alpha Navigator: Quest for Alpha [January 2023]: Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio are at a yearly low, implying a positive sentiment shift.AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.
Research Roundup Newsletter [January 2023]: In our latest issue, we feature market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.
Alpha Navigator: Quest for Alpha [January 2023]: Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio are at a yearly low, implying a positive sentiment shift.
AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.

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Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.


Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.


Authors

Research and Insights Team


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