New Project Spotlight

NFT Collectibles

[COMING SOON] ‘76ers Heritage - Heart of Philly’ is a project by the Philadelphia 76ers, a top NBA team with three World Championships to its name. This drop commemorates the journey that brought the team to the global stage. The collection goes live on Crypto.com NFT on 6 April.

[COMING SOON] ‘YUROSAKO - OG Collection’ is a project by team Yurosako that’s based on the work of anime artist Mariam Hamdan. Dropping on 10 April on Crypto.com NFT, it features masks of an elite group of soldiers who will fight in an upcoming battle.

Blockchain Games

[LIVE] D.G.Pals released the latest update of DGP: Legends. The update includes a user interface revamp, balancing changes, and more DGPals playable in Legends. The team is also developing several new features, such as special edition egg types and a Player versus Environment (PvE) mode.

[LIVE] CroSkull released new Dragon Eggs in its item shop. The SkullDragons have six different traits and one special trait. The special trait is only associated with Legendary Dragons, of which there are eight in total.

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$9.83 billion, down -4%from last week.

News Highlights

• Fashion company Gucci is partnering with Yuga Labs to bring luxury digital fashion into the metaverse. The companies plan to collaborate within Yuga Labs' Otherside metaverse and its 10KTF collection, as well as explore joint opportunities between Web3 fashion and entertainment.

• Art Blocks, one of the leading generative art NFT projects, has launched its own NFT marketplace with enforced creator royalties. The marketplace lets art collectors browse listed NFTs across all existing Art Blocks collections, including those aggregated from other platforms like OpenSea and X2Y2.

• Square Enix has announced a set of collectible trading cards to celebrate the 25th anniversary of Final Fantasy VII. Each card pack contains six physical cards and one digital exchange card that can be redeemed for an NFT.

• Ticketmaster has debuted NFT-gated ticket sales, starting with the metal band Avenged Sevenfold. The new NFT ticketing feature allows artists to offer NFT holders special access to concerts and events.

Recent Research Reports

• Research Roundup Newsletter [February 2023]: In this issue, we feature trending market insights and our analyses of the current state of the decentralised derivatives market.

• Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels.

• Overview of Decentralised Derivatives: Crypto derivatives dominate the industry, representing about 70% of the entire market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space.

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.

We’re all ears.

Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you!

Take our survey now

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

Hungry for more? Visit our Research Hub and University to access other insightful crypto research! 

Share with a friend if you like our email!

Share