New Project Spotlight

NFT Collectibles

[COMING SOON] “The White Witch's Summoning Magic Story” tells the story of a novice wizard, the White Witch. This project is created by Cuna, an illustrator who draws the world of ordinary daily life in purple. It drops exclusively on Crypto.com NFT on 13 February 2023.

[COMING SOON] "Carkayous Expedition #8.2 - The Blooming of the Psilofish" is a collection by tattoo artist Jesse Smith. Dropping on 15 February, it features a fictitious continent called Carkayous, where all of the artist’s tattoos and art reside.

Blockchain Games

[COMING SOON] Eyeball Games is set to launch its Phase 1 Beta Release in February 2023, available exclusively to Balldroid NFT holders. The mini pool game will include weekly tournaments.

[LIVE] Croskull introduced several updates, including a new Hall of Fame, Pet Season 3, as well as improved loading times and bug fixes. There is also a new Valentine’s Day medal available on Discord.

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

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

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.97 billion, up +25%from last week.

News Highlights

• The Bitcoin Punks Ordinal NFT collection is gaining traction, with one Ordinal Punks NFT, Punk 94, selling for 9.5 BTC, or approximately US$214,000. The NFT collection is minted on the Bitcoin-native Ordinals Protocol in the style of the popular CryptoPunks collection.

• The NFT market shows signs of gaining steam, as two CryptoPunks and Bored Ape Yacht Club NFTs recently sold for more than $1 million worth of ETH each. CryptoPunk #5066 was sold for 857 ETH ($1.4 million), while Bored Ape Yacht Club #7090 sold for 800 ETH ($1.3 million).

• Social media platform Reddit dropped the Super Bowl LVII x Reddit Collectible Avatar NFT collection in partnership with the National Football League (NFL). Each NFT can be used on Reddit as an avatar, as well as traded on NFT marketplaces.

• An NFT of NBA basketball star Giannis Antetokounmpo sold for a record-breaking $187,000 on Sorare NBA, an officially licensed and NFT-driven fantasy basketball game. This tripled the previous record of an Anthony Davis NFT that sold for over $62,000.

Recent Research Reports

• 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.

• Crypto Market Sizing Report 2022: The global number of crypto owners reached 425 million at the end of 2022. After crunching the numbers, this is the result of our highly-anticipated Crypto Market Sizing Report for 2022.

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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