Weekly NFT & GameFi Update (Week 21, 20/05/2023 - 26/05/2023)
Weekly NFT & GameFi Update (Week 21, 20/05/2023 - 26/05/2023)Cronos Labs to launch Seoul Web 3.0 Festival 2023. Bitcoin becomes the second-most popular NFT blockchain. Brave browser introduces NFT-gated video calls.
Chart of the WeekAmid the rise in popularity of Ordinals NFTs, the total transaction fees for Ordinals NFT inscriptions have surged and exceeded 1,501 BTC, or approximately US$40 million, as of 26 May 2023. Check out our research report: Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT. New Project SpotlightNFT Collectibles[LIVE] Crypto.com has launched the ‘Crypto.com Expedition Gear’ collection, which consists of 50,000 backpack NFTs divided into five rarities. 25,000 backpack NFTs will be airdropped to ‘Crypto.com Land - The First Frontier’ NFT holders, while the other 25,000 are available for purchase on Crypto.com NFT. [COMING SOON] ‘The World of Tarogramma’ is a collection by visual artist Damien Cifelli. This drop dives deep into the fictional world of Tarogramma, a hidden place that explorers have been searching for centuries. The collection goes live on Crypto.com NFT on 29 May. Blockchain Games[LIVE] Eyeball Games has been accepted as a member of the Blockchain Game Alliance, an organisation committed to promoting blockchain within the video game industry. The Eyeball Pool game is developed by Eyeball Games, the same team that built and sold the popular 8 Ball Pool game to Miniclip. [LIVE] Croskull has released the Dragons of Bonesville seasonal pet. Currently, there are approximately 1,200 Dragons going around Bonesville, and more of them can be hatched from dragon eggs that are purchased or found during the player’s adventures. 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$10.98 billion, down -2%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! Weekly Crypto News about DeFi, NFT, and crypto market is free today. But if you enjoyed this post, you can tell Weekly Crypto News about DeFi, NFT, and crypto market that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 21,18/05/2023 - 24/05/2023)
Wednesday, May 24, 2023
Crypto.com introduces an enhanced Pay experience in DeFi Wallet. Cronos Labs partners with Seoul for the Seoul Web 3.0 Festival 2023 #SWF2023. Uniswap V3 to launch on Polkadot via Moonbeam Parachain.
Market Pulse by the Crypto.com Research & Insights Team (Week 21, 16/05/2023 – 22/05/2023)
Monday, May 22, 2023
Trading volume of meme coins surges. Visa experiments with smart contracts on #Ethereum Goerli testnet. Tether plans to use profits to buy $BTC for stablecoin reserves.
Weekly NFT & GameFi Update (Week 20, 13/05/2023 - 19/05/2023)
Friday, May 19, 2023
Pepe-themed 'Bitcoin Frogs' NFTs gain popularity amid Ordinals hype. Epic Games and LEGO Group collaborate to build metaverse. Ubisoft is creating an NFT collection for Assassin's Creed.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 20,11/05/2023 - 17/05/2023)
Wednesday, May 17, 2023
ETH's Beacon chain experienced two finality issues within 24 hours. Circle rebalanced its Treasury holdings, citing US debt default risk. Optimism's latest major upgrade, Bedrock, is set for 6
Market Pulse by the Crypto.com Research & Insights Team (Week 20, 09/05/2023 – 15/05/2023)
Monday, May 15, 2023
US inflation indicator CPI rose 4.9% YoY in April. Microsoft, Goldman Sachs, and more are developing a blockchain called Canton. New survey finds 26% of family offices are invested in crypto.
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