Weekly NFT & GameFi Update (Week 29, 15/07/2023 - 21/07/2023)
Weekly NFT & GameFi Update (Week 29, 15/07/2023 - 21/07/2023)Cronos announces a new partnership with Ubisoft. OpenSea launches peer-to-peer NFT swap function, ‘Deals’. Gucci partners with auction house Christie’s for an NFT sale.Chart of the Weekr/FortNiteBR Bricks (BRICK) is the community token of the r/FortNiteBR subreddit dedicated to Fortnite Battle Royale by Epic Games, a popular free-to-play title. Recently, BRICK experienced a surge in popularity, which was likely driven by an update to Reddit’s Terms of Use permitting the trading of tokenised Community Points. Read our university article to learn more about Reddit’s MOON and BRICK tokens and their use cases: What Are Reddit’s MOON and BRICK Tokens? New Project SpotlightNFT Collectibles[COMING SOON] ‘Sacred Place’ is a project by EASThug and 64ksana, an art collective and alternative electronic band, respectively. Dropping on 24 July on Crypto.com NFT, it reimagines spirituality in unexpected ways. [COMING SOON] ‘Action Bears Club - Koala Bears on Tour’ is a collection by Stand For Trees, a nonprofit that tackles climate change at its core by stopping the destruction of trees. This drop features koalas helping to spread awareness about the importance of protecting our environment. The collection goes live on Crypto.com NFT on 26 July. Blockchain Games[LIVE] Leading video games publisher Ubisoft has joined the Cronos ecosystem as a network validator. Cronos is set to benefit significantly by leveraging the expertise of Ubisoft's Strategic Innovation Lab, which will provide valuable feedback on technology upgrades to support gaming use cases. [LIVE] Efren Bata Reyes, widely regarded as the greatest pool player of all time, has joined Eyeball Games as an ambassador. Players of the Eyeball Pool game may have the opportunity to meet him in player-versus-player (PvP) matches in the future. 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$10.11 billion, down -3% 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 29, 13/07/2023 - 19/07/2023)
Wednesday, July 19, 2023
Uniswap launches the UniswapX protocol. Aave launches decentralised stablecoin GHO on Ethereum, with US$2M minted to date. zkSync Era unveils its latest prover tech upgrade Boojum.
Market Pulse by the Crypto.com Research & Insights Team (Week 29, 11/07/2023 - 17/07/2023)
Monday, July 17, 2023
District Court Judge rules $XRP is not a security in some situations. BlackRock's spot $BTC ETF application advances toward SEC review. Indonesia set to launch national crypto exchange.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 28, 06/07/2023 - 12/07/2023)
Sunday, July 16, 2023
On-chain Staking is now available in the Crypto.com App. Aave DAO community to vote on GHO stablecoin deployment on Ethereum. Shiba Inu Layer-2 Shibarium is expected to go live in August.
Weekly NFT & GameFi Update (Week 28, 08/07/2023 - 14/07/2023)
Sunday, July 16, 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.
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.
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