Weekly NFT & GameFi Update (Week 27, 01/07/2023 - 07/07/2023)
Weekly NFT & GameFi Update (Week 27, 01/07/2023 - 07/07/2023)Yuga Labs releases HV-MTL Forge game. Credit Suisse partners with the Swiss Football Association to release an NFT collection. Dior announces sneakers with “digital twins” on Ethereum.
Chart of the WeekThe floor price of blue-chip NFT collection ‘Azuki’ was down more than 60% in the past week after its Elementals collection mint. The mint appeared to be successful, and the collection sold out in 15 minutes, earning US$38 million worth of ETH. However, the hectic minting process, release of identical art to the original collection, and lack of innovation in the roadmap sparked a backlash from the community. Mass selloffs of other Azuki collections soon followed. New Project SpotlightNFT Collectibles[COMING SOON] ‘Aliens in Cyberspace’ is a project by Nibera, an interdisciplinary visual artist. Dropping on 10 July on Crypto.com NFT, it features the virtual world of Cyberspace, which faces the threat of invasion from an unknown species of aliens. [COMING SOON] ‘Anatomy of Emotions’ is a collection by Igor Martins, a multidisciplinary artist and the founder of a motion and VFX studio. This drop explores the contrast between emotions we reveal to others and the ones we feel. The collection goes live on Crypto.com NFT on 14 July. Blockchain Games[LIVE] The Cronos ecosystem update for July 2023 features various games across multiple genres that can now be played on Cronos, including D.G.Pals, Eyeball Games, Marble Verse, and Bored Candy City. [LIVE] Croskull Adventure Season 5 has reached 6,036 Croskulls, a 3% burned GRVE index, and 177 pet eggs minted. In addition, Croskull has partnered with Boring Security, a project that aims to keep the NFT and crypto community safe by providing classes and informative articles. 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$9.5 billion, down -0.5% from last week. News Highlights
Recent Research Reports
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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 27, 29/06/2023 - 05/07/2023)
Wednesday, July 5, 2023
The new Ethereum token standard, ERC-223, has been added to ETH documentation. Polygon Labs proposes a four-layer architecture for Polygon 2.0. TRON network is gearing up for its Periander upgrade.
Market Pulse by the Crypto.com Research & Insights Team (Week 27, 27/06/2023 - 3/07/2023)
Monday, July 3, 2023
Crypto.com establishes its very first Global Innovation Lab. Hong Kong government forms task force for Web3 development. Swiss National Bank to launch wholesale CDBC pilot project.
Weekly NFT & GameFi Update (Week 26, 24/06/2023 - 30/06/2023)
Friday, June 30, 2023
CryptoCom announces Global Innovation Lab for Web3 and AI. Azuki releases 'Elementals' expansion with mixed reactions. Gaming giant Ubisoft unveils its first blockchain game.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 26,22/06/2023 - 28/06/2023)
Wednesday, June 28, 2023
Crypto.com establishes Global Innovation Lab to advance blockchain, Web3, and AI. Circle's CCTP is now live on Arbitrum. zkSync unveils ZK Stack for building ZK-powered 'hyperchains'.
Market Pulse by the Crypto.com Research & Insights Team (Week 26,20/06/2023 - 26/06/2023)
Monday, June 26, 2023
Crypto.com receives VASP registration from Bank of Spain. JPMorgan conducts its first Euro-denominated blockchain transaction. SAP launches testnet for stablecoin cross-border payments.
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