New Project Spotlight

NFT Collectibles

[COMING SOON] ‘Walken Easter Drop’ is a project by Walken, a walk-to-play game that brings sports and NFTs together. This drop features NFTs across varying rarities that are usable in the Walken app. The collection goes live on Crypto.com NFT on 12 April.

[COMING SOON] ‘FRGMNTS’ is a project by digital artist Bandanaboi. Dropping on 17 April on Crypto.com NFT, it is a collection of 3D-generated artworks that showcases a surreal and otherworldly landscape.

Blockchain Games

[COMING SOON] Loaded Lions and Cyber Cubs are about to set off on their next adventure in Mane City. The Origin Story of Mane City is packed with Easter eggs for readers to spot, while land NFT holders will have the opportunity to explore Cronos and search for valuable treasures.

[COMING SOON] D.G.Pals is expanding to the Polygon blockchain. The expansion will help increase the interoperability of the multi-genre, multi-chain gaming platform, and leverage on the vibrant gaming ecosystem of Polygon.

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$10.3 billion, up +5%from last week.

News Highlights

• OpenSea launches OpenSea Pro, an advanced NFT marketplace aggregator targeted at professional users. Collectors are able to access a suite of features such as advanced order types and live cross-marketplace data. Additionally, they can list their NFTs on OpenSea with 0% fees through OpenSea Pro for a limited time.

• Leading NFT attendance badge protocol POAP has announced that it will begin charging commercial clients for access to its services. POAPs will remain free for personal use, while prices for commercial clients are estimated at $1 per POAP issued.

• Chewing gum company Wrigley has filed a patent which outlines the company’s intention to utilise Web3 technology. Wrigley plans to issue NFTs that feature images of candy or snacks and launch a metaverse named ‘Juicyverse’.

• Argentinian low-cost airline Flybondi is partnering with NFT ticketing company TravelX to issue e-tickets as NFTs. The NFT ticketing technology is built on the Algorand blockchain, and allows passengers to change their name, transfer, or sell their ‘NFTickets’ in the secondary market.

Recent Research Reports

• Liquid Staking Derivatives: Money Legos in DeFi: Liquid staking is now the second largest sector in crypto after DEXes, replacing DeFi lending. Today, the liquid staking narrative remains strong in anticipation of Ethereum’s Shanghai upgrade, and this report explores its current landscape.

• Crypto.com Visa Card Consumer Spending Insights 2022: A full breakdown of what our community across the globe liked to spend on in 2022.

• Alpha Navigator: Quest for Alpha [March 2023]: Bitcoin shines amid banking sector turmoil. Market expects a pause in rate hikes, potentially setting up new tailwinds for risk assets.

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