New Project Spotlight

NFT Collectibles

[COMING SOON] “Extraordinary Whales Club PFP” is a social NFT project based on the South Korean television series Extraordinary Attorney Woo. Collectors are eligible to receive a special soulbound token that certifies they are true fans of Woo Young-Woo. This collection drops exclusively on Crypto.com NFT on 20 January 2023.

[COMING SOON] "2023 Year of the Rabbit" is a collection by Fionn Jordan, an illustrator from the Lake District in the UK. Dropping on 18 January, each spring couplet features a new year rabbit, uniquely generated from hand-drawn traits. 

Blockchain Games

[COMING SOON] Eyeball Games will be launching its “Balldroids” collection on 19 January. It is the creator of Eyeball Pool, a pool game on the Cronos blockchain and a participant of the Cronos Accelerator Programme.

[COMING SOON] Crypto.com NFT is partnering with MXUP for its upcoming drop, “MXEGG" on 27 January. MXUP is a Web3 service with fitness, gaming, and extended reality (XR) features.

NFT Metrics

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

Platform: OpenSea
Artist: Mutant Ape Yacht Club
Sales Volume (USD): $25,308,000 (+63%)
Floor Price (USD): $23,900

Platform: OpenSea
Artist: Bored Ape Yacht Club
Sales Volume (USD): $21,090,000 (-2%)
Floor Price (USD): $111,100

Platform: Crypto.com NFT
Artist: Loaded Lions
Sales Volume (USD): $195,900 (+146%)
Floor Price (USD): $1,800

Platform: Crypto.com NFT
Artist: Crypto.com Land - The First Frontier
Sales Volume (USD): $89,500 (-16%)
Floor Price (USD): $50

Platform: Minted
Artist: VVS Miner Mole
Sales Volume (USD): $31,500 (—)
Floor Price (USD): $180

Blockchain Game Metrics

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

Game: Splinterlands
Blockchain(s): Hive, WAX
UAW: 295K (-1%)
Volume: $8K

Game: Planet IX
Blockchain(s): Polygon
UAW: 98K (+14%)
Volume: $270K

Game: Farmers World
Blockchain(s): WAX
UAW: 92K (-3%)
Volume: $9K

Game: Era7: Game of Truth
Blockchain(s): BNB Chain
UAW: 41K (+18%)
Volume: $70K

Game: Axie Infinity
Blockchain(s): Ronin, ETH
UAW: 41K (+10%)
Volume: $10.3M

Source: DappRadar

Gaming Token Performance

The total market cap for gaming tokens now stands at US$6.13 billion, up +21%from last week.

Notes: Infrastructure tokens include ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX; Utility tokens include AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR; Guild tokens include YGG, MC, UNIX, GGG, AGV.

News Highlights

• The NFT market has been seeing strong activity and growth in recent weeks, reaching a daily volume of over 25,000 ETH for three consecutive days. In addition to the high volume, the past week also saw the highest number of organic NFT traders since July 2022, with a total of 531,000 organic trades.

• Sales for Bored Ape Yacht Club NFTs and associated projects have been surging, driven by Yuga Labs’s plans for Dookey Dash, a new “endless runner” style game. Owners of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs will be eligible to receive a Sewer Pass NFT to play the upcoming game.

• OpenSea announced its integration with Arbitrum Nova, an Ethereum layer-2 scaling protocol, in order to offer NFTs with lower transaction costs. In addition, OpenSea’s Sweep feature is also live, allowing users to buy NFTs in bulk.

Recent Research Reports

• Alpha Navigator: Quest for Alpha [December 2022]: The new year sees crypto outperforming equities and gold. BTC options’ implied volatilities are subdued while perpetual futures funding rates are positive.

• 2022 Year Review & 2023 Year Ahead: 2022 has been a rollercoaster ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023.

• Decentralised Social Networks: An Overview: Decentralised social networks aim to enable participants to take back ownership of and better monetise their content and data. We explore the project landscape.

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.

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