Weekly NFT & GameFi Update (Week 25, 17/06/2023 - 23/06/2023)
Weekly NFT & GameFi Update (Week 25, 17/06/2023 - 23/06/2023)‘CryptoPunk’ NFT burnt and transferred to Bitcoin as Ordinals inscription. Fortnite and Nike unveil ‘Airphoria’ collaboration. Germany releases dog-themed NFTs to recruit blockchain talent.Chart of the WeekEthscriptions are a novel way to mint NFTs on Ethereum using transaction calldata, inspired by Bitcoin Ordinals inscriptions. They have gained significant popularity in the past week, with almost 30,000 Ethscriptions created within the first 18 hours of the protocol’s launch. New Project SpotlightNFT Collectibles[COMING SOON] ‘LIFE OF HEL - Volume 1’ is a project by NŌNE, the first winner of the annual Pulse Manga contest and co-host of Tokyopop's America's Greatest Otaku. Dropping on 26 June on Crypto.com NFT, it grants holders exclusive benefits like digital reading materials and priority access to future mints. [COMING SOON] ‘Chinatown Warriors Mural’ is a collection by Gian Galang, an artist and illustrator specialising in dynamic portraits. This drop features digitised artwork of a physical mural painted in New York City’s Chinatown. The collection goes live on Crypto.com NFT on 28 June. Blockchain Games[COMING SOON] Crypto.com has announced the first Loaded Lions ManeCity trailer. Players will be able to build a thriving metropolis, furnish their own mansion, as well as engage in competitive gameplay with fellow tycoons. [COMING SOON] D.G.Pals has released an updated list of its current and upcoming games. New upcoming developments include a mobile app for Merge Defence and an Adventure game set to launch in Q3 2023. [COMING SOON] Eyeball Games has released a sneak peek of its new phase 2 user interface. Players will also be able to participate in PvP challenges. In addition, over 982K shots have been unleashed since phase 1 of the Eyeball Pool game. 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$9.73 billion, up +14% 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 25,15/06/2023 - 21/06/2023)
Wednesday, June 21, 2023
Ethereum devs submit proposal to increase validator limit from 32 to 2048 ETH. Uniswap selects Wormhole and Axelar for cross-chain bridging. Polkadot revamps governance system and launches OpenGov.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 24,08/06/2023 - 14/06/2023)
Tuesday, June 20, 2023
Google Cloud partners with Cronos Labs on the latter's Accelerator Program. Circle rolls out its native USDC stablecoin on Arbitrum. Polygon unveils Polygon 2.0, the “value layer of the internet”.
Weekly NFT & GameFi Update (Week 24, 10/06/2023 - 16/06/2023)
Tuesday, June 20, 2023
NFT artist FEWOCiOUS and Adidas team up for an NFT release. Ava Labs launches Avalanche Arcad3 for blockchain game integrations. Snoop Dogg launches NFT pass for upcoming concert tour.
Market Pulse by the Crypto.com Research & Insights Team (Week 25,15/06/2023 - 19/06/2023)
Tuesday, June 20, 2023
BlackRock files for spot #Bitcoin ETF. Tether $USDT briefly depegged. US Federal Reserve pauses interest rate hikes.
Market Pulse by the Crypto.com Research & Insights Team (Week 24, 06/06/2023 – 12/06/2023)
Monday, June 12, 2023
EU's MiCA law published in official journal; rules effective 30 Dec 2024. Vitalik Buterin lays out new roadmap for #Ethereum. Hong Kong Monetary Authority preparing for retail CBDC.
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Reminder: Bitcoin Makes History By Becoming The Scarcest Asset In The World
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Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges
Wednesday, May 1, 2024
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