Weekly NFT & GameFi Update (Week 28, 08/07/2023 - 14/07/2023)
Weekly NFT & GameFi Update (Week 28, 08/07/2023 - 14/07/2023)Google Play allows NFTs in apps and games in its store. Starbucks's Odyssey announces collaboration with NFT collection Aku. 7-Eleven launches free ‘Slurpee’ NFTs on the Polygon network.Chart of the WeekBitcoin Ordinals activity has surged recently, surpassing 350,000 daily inscriptions. The increase in activity is driven by the launch of the BRC-69 token standard by Ordinals launchpad Luminex, which reduces the cost of inscriptions for Ordinals by over 90%. With the new token standard, minters only need to inscribe one line of text instead of an entire image, which can be then rendered using recursive inscriptions. Read our research report on Bitcoin NFT projects and other developments of the Bitcoin ecosystem: Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT. New Project SpotlightNFT Collectibles[COMING SOON] ‘IV’ is a project by ONEFALLART, a digital artist and music maker. Dropping on 17 July on Crypto.com NFT, it features warriors, rebels, and agents of change who examine humanity’s relationship to technology. [COMING SOON] ‘Dino Kicks’ is a collection by Chibi Dinos, the creator of arcade basketball game, Primal Hoop. The drop features iconic shoes that make up the first gear drop for Primal Hoop, and will be the genesis collection for the game. The collection goes live on Crypto.com NFT on 19 July. Blockchain Games[LIVE] The Crypto.com ‘The First Frontier’ giveaway is back, with 'Sapphire Lagoon' and 'Molten Cavern' NFTs up for grabs. In total, 10 Crypto.com Land NFTs will be given away across 10 days from 11 July to 20 July 2023. [LIVE] Legends of Bezogia has released its beta 0.16.1 version. The game features three game modes: battle royale (coming soon), creative arcade, as well as open-world adventures. Gamers are also able to sign up for the next beta test session to participate in the new MMORPG experience. The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:
Gaming Token PerformanceThe total market cap for gaming tokens now stands at US$10.47 billion, up +10% from last week. News Highlights
Recent Research Reports
Recent University Articles
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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Market Pulse by the Crypto.com Research & Insights Team (Week 28, 04/07/2023 - 10/07/2023)
Monday, July 10, 2023
Hong Kong sets up a task force for Web3 development. MAS announced a new rule for crypto firms in Singapore. The US added 209000 jobs in June, slightly below expectations.
Weekly NFT & GameFi Update (Week 27, 01/07/2023 - 07/07/2023)
Friday, July 7, 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.
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.
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Thursday, September 19, 2024
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Thursday, September 19, 2024
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Wednesday, September 18, 2024
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Wednesday, September 18, 2024
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