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Key Takeaways

• NFT marketplace OpenSea integrated Ethereum scaling solution Arbitrum. This was carried out on 21 September, adding to the four existing blockchains on OpenSea (Ethereum, Solana, Polygon, and Klaytn). Users are now able to buy and sell all Arbitrum One NFTs on OpenSea.

• Pop culture retail brand Funko is teaming up with Warner Brothers for DC Comics' NFT release. DC fans who purchase the physical comic book collectible can connect their crypto wallet and claim the NFT version online, which is minted on the WAX blockchain.

• Bandai Namco and SEGA are among several video game giants that are working to spur mainstream blockchain gaming adoption. In an interview at Tokyo Game Show 2022, the companies reiterated that they have a long-term vision for blockchain-based gaming.

• X2Y2 recorded a -32% decrease in sales and a +32% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +41% and its transaction count also increased +53%.

• The total market cap for GameFi tokens now stands at US$8.82 billion, up +5% from last week.

Crypto.com NFT in the Spotlight

• “Escape From Egret Bridge” is the latest collection in the world of The Longclaw Teahouse, a world inspired by illustrator Fionn Jordan’s travels in Asia Pacific that gets a little bigger with every illustration he creates.

• Magical cryptocurrency mumbo jumbo was used to transform a sacred text into “Own Every Word”, an NFT project that allows one to own all words ever created. This 500-piece drop boasting brand-new words features 200 special-edition Pirate Booty words with an animated 8-bit background.

NFT Highlights

• OpenSea implements a new protocol that ranks NFT rarity

• Magic Eden launched ETH aggregator magic Ethen

• Azuki creator closes in on $30 million fundraise

• The RENGA NFT collection now accounts for over 14.6% of the total NFT volume

• New York real estate developer buys first-ever real-life office building as NFT

• MoonPay and Universal Studios team up to create an NFT-based scavenger hunt

• NFTs may be the ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania: Report

• Naver and LINE launch NFT platform for K-Pop fans

GameFi Highlights

• Philippines hosts Axie Infinity: Origins Season 1 kickoff party

• Sweat economy (SWEAT) goes live on Near Protocol, metrics rocketing

• Play-to-earn gaming platform Vulcan Forged raises $8M in Series A funding

• Major GameFi company Splinterlands sells out card packs in one minute

• Immutable’s Guild of Guardians on building trust to onboard traditional gamers

NFT Transaction Benchmar

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): $119,000

Platform: Minted
Artist: Cronos Cruisers
Sales Volume (USD): $1,282,000

Platform: Magic Eden
Artist: Y00ts: mint t00bs
Sales Volume (USD): $1,915,000

Platform: OpenSea
Artist: RENGA
Sales Volume (USD): $4,510,000

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$292K.
* Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data 

from DappRadar

* STEPN data from Dune Analytics

Daily Gamers by Blockchain

Thank you for reading! We hope you find our Weekly NFT & GameFi Update enlightening!

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