Chart of the Week

The blue-chip NFT collection ‘Bored Ape Yacht Club’ (BAYC) experienced high selling pressure, with a -19.72% drop in floor price and +275.54% surge in trading volume within the past 30 days. This may be the result of the recent sales activity from whales totalling over 50 NFTs.

New Project Spotlight

NFT Collectibles

[COMING SOON] ‘Inside the mind’ is a project by 2J_sTARY, an artist who specialises in 3D animation. Dropping on 3 July on Crypto.com NFT, it invites the viewer to take a trip through the artist’s mind, experiencing pivotal moments in his life captured via moving-picture NFTs.

[COMING SOON] ‘Studio Dragon: DearRo NFT Collection 2’ is a collection by STUDIO DRAGON, one of Korea’s leading scripted TV studios. This drop is the second NFT collection of DearRo, a collaboration between Studio Dragon's most beloved global dramas. The collection goes live on Crypto.com NFT on 5 July.

Blockchain Games

[LIVE] Crypto.com is giving out two UFC 290 tickets or a 'Cyber Cubs' NFT in the Expedition Giveaway. Holders of a 'Crypto.com Expedition Gear' NFT are eligible for this giveaway, and ‘Loaded Lions’ NFT holders will receive an additional entry when they participate in it.

[LIVE] Croskull has launched the beta version of Bonesville's new auction house. The game has incorporated new features, such as a new ecosystem token balance display and a custom logo for ‘Croskull Soul Bound Token’ holders.

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$9.55 billion, down -2% from last week.

News Highlights

• Crypto.com has announced a new initiative to establish its first Global Innovation Lab in Singapore. The new Global Innovation Lab team will actively experiment and explore new technologies and ventures, as well as identify novel applications for blockchain, Web3, and AI.

• Blue-chip NFT collection Azuki released the latest expansion of its NFT ecosystem, 'Elementals'. During the presale phase, the NFTs sold out in 15 minutes, earning a total of $38 million. However, the community’s reactions were that ‘Elementals’s art had high similarities with the main collection.

• Gaming giant Ubisoft unveils its first blockchain game, Champions Tactics: Grimoria Chronicles, a player-versus-player tactical game where players pit mythical champions against each other. The game will run on the Oasys blockchain.

• The United States Secret Service has revealed more information about its NFT collection, which is not for sale. The main purposes of the NFT collection are for its agents to better understand how NFTs work and to demonstrate the agency’s interest in the broader crypto ecosystem.

Recent Research Reports

• Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in cryptocurrency and Web3, and the resurgence of meme mania.

• The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in cryptocurrency and Web3, and what the future holds for memes.

• Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and cryptocurrency remains the best performer year-to-date (YTD). US debt ceiling dispute defused, and interest rate decisions from multiple central banks will be made in the coming month.

Recent University Articles

• Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.

• Cryptocurrency Futures and Derivatives: A Growing Market: Explore the rapidly expanding world of crypto futures and derivatives, and learn about their impact on the digital asset market.

• Top 10 Bullish Crypto Trading Indicators: This guide explores the top 10 bullish crypto indicators, explaining how each one can be calculated and interpreted — and how they can enhance the cryptocurrency trading experience.

Disclaimer

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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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