Weekly NFT & GameFi Update (Week 19, 05/05/2023 - 12/05/2023)
Weekly NFT & GameFi Update (Week 19, 05/05/2023 - 12/05/2023)Elon Musk tweets meme from ‘Milady’ NFT collection. The market cap of BRC-20 Bitcoin tokens surpassed US$1 billion. The government of Türkiye launches a virtual office in the metaverse.New Project SpotlightNFT Collectibles[COMING SOON] ‘SENSES’ is a project by VESA, an award-winning digital art pioneer. Dropping on 15 May on Crypto.com NFT, it explores courage through artistic expression, and was also featured during Art Dubai, a leading art fair in the Middle East. [COMING SOON] ‘Cryptonauts’ is a collection by digital artist Fran Rodriguez. This drop features Cryptonauts, who are explorers of the metaverse and citizens of the Cronos Chain. This collection goes live on Crypto.com NFT on 19 May. Blockchain Games[LIVE] Eyeball Games and Boomer Squad are jointly organising a tournament that will run until 16 May. Players are able to access the game by holding a Boomer Squad NFT, and there will be prizes for the top 3 players in the leaderboard for this season. [COMING SOON] Croskull will be launching its ordinal collection ‘bitCroSkull’ on 18 May. The bitCroSkulls will be distributed in a single limited series of 333 pieces. Of these, 66 will be unique pieces with exclusive features, while the others will have randomised traits. 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 PerformanceThe total market cap for gaming tokens now stands at US$10.48 billion, down -16%from last week. News Highlights
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DisclaimerThe 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! 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! |
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 19,04/05/2023 - 10/05/2023)
Friday, May 12, 2023
Bitcoin transaction fees surpass block subsidy for miners. MakerDAO launches Spark Protocol, a DeFi lending solution for $DAI users. SushiSwap rolls out v3 liquidity pools across 13 networks.
Market Pulse by the Crypto.com Research & Insights Team (Week 19, 03/05/2023 – 08/05/2023)
Monday, May 8, 2023
Crypto.com launches artificial intelligence chatbot, Amy. US Federal Reserve raises rates by 25 bps. Kingdom of Bhutan is running $BTC mining operations.
Weekly NFT & GameFi Update (Week 18, 29/04/2023 - 05/05/2023)
Friday, May 5, 2023
Auction house Sotheby's launches secondary NFT marketplace. Blur launches NFT lending protocol, Blend. Sports Illustrated launches NFT ticketing platform on Polygon.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 18, 27/04/2023 - 03/05/2023)
Wednesday, May 3, 2023
Cronos Labs partners with AWS for its AWS Activate programme. Bitcoin's transaction volume hits all-time high thanks to Ordinals. Circle launches USDC transfer protocol for Ethereum and Avalanche.
Market Pulse by the Crypto.com Research & Insights Team (Week 18, 25/04/2023 – 02/05/2023)
Tuesday, May 2, 2023
Crypto.com and Samsung enhance Crypto.com App for Galaxy Z Fold. Cronos Labs collaborates with AWS to support Web3 startups. Franklin Templeton launches money market fund on Polygon.
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Tuesday, April 23, 2024
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