New Project Spotlight

NFT Collectibles

[COMING SOON] ‘MD:// Margarita's Take Over’ is a project by Alejandro Rincón, a tattoo artist with experience in digital art. This drop is the second Metadolls drop, and features various utilities such as a mystery box drop and poster print giveaways. The collection goes live on Crypto.com NFT on 18 April.

[COMING SOON] ‘Through the Light’ is a project by 3D artist Davansh Atry. Dropping on 24 April on Crypto.com NFT, it is inspired by the artist’s concept of light at the end of the tunnel, and is filled with bright and vibrant colours.

Blockchain Games

[LIVE] Croskull Adventure Season 4 has reached 6,156 Croskulls, a 3.3% burned GRVE index, and 622 pets eggs minted. Meanwhile, there are dragons hidden in eggs that will hatch live after the thousandth egg is minted.  

[LIVE] The Legends of Bezogia Beta 0.12.1 is live with new features, such as enhanced models and animations, improved artificial intelligence, and special attack abilities for certain enemies, providing players with new challenges to overcome.

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$12.62 billion, up +23% from last week.

News Highlights

• Popular social platform Reddit has released its third-generation NFT collection, featuring thousands of tokens from over 100 artists. The NFTs are Polygon-based and allow artists to earn royalties on their work.

• Global sneaker brand Adidas has expanded its ‘Into The Metaverse’ NFT ecosystem with the release of the ‘ALTS by Adidas’ collection. It offers various utilities for holders, such as access to exclusive virtual wearables and entry to community gatherings.

• NFT collective Proof is launching a 10,000-piece digital art collection with a roster of 22 artists that includes Beeple. The collection is titled ‘Moonbirds: Diamond Exhibition’ and is available exclusively to Moonbirds holders who reached ‘Diamond Nest’ status by staking their NFTs.

• The Bruce Lee Estate has partnered with Shibuya, an NFT-driven video platform, to release an open-edition NFT collection. ‘House of Lee: Genesis’ NFTs feature artwork by artist Emily “pplpleasr” Yang and are designed in collaboration with Bruce Lee’s daughter, Shannon Lee.

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. The 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.

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