Weekly NFT & GameFi Update (Week 32, 05/08/2023 - 11/08/2023)
Weekly NFT & GameFi Update (Week 32, 05/08/2023 - 11/08/2023)Cronos Discover launches, showcasing popular Cronos apps. Reebok and VeeFriends collaborate on a sneaker. Game developer nWay announces a game with Bored Ape characters.Chart of the WeekERC-6551 is a token standard that enables token-bound accounts, giving each NFT its own account and wallet address. The protocol requires no changes to the original ERC-721 contract, while enabling each NFT to own ETH and other ERC-20, ERC-721, and ERC-1155 tokens. ERC-6551 gives each NFT the ability to record its own on-chain history, where the value is accrued within the NFT instead of an external wallet. Token-bound accounts have the potential to enable new use cases such as NFT member loyalty programmes, true on-chain identities, as well as game mechanics involving digital outfits and items. New Project SpotlightNFT Collectibles[COMING SOON] ‘Inside the mind II’ is a project by 2J STARY, an artist specialising in 3D animation. Dropping on 14 August on Crypto.com NFT, it features distinctive and colourful compositions that bring the viewer on a trip through the artist’s mind. [COMING SOON] ‘SYNTHTOPIA’ is a collection by DESTABILIZED, a collective of visionary artists, entrepreneurs, and creatives. This drop features 3,000 unique avatars, artefacts, robots, supercars, treasure bundles, cinematic moments, and more. The collection goes live on Crypto.com NFT on 16 August. Blockchain Games[LIVE] Ballies, CroSkull, and Marbleverse have been named as reward recipients in the eighth batch of the Cronos Ecosystem Grant. The three gaming projects stood out among 180 other winners of the grant, which supports projects on Cronos by bootstrapping initial product development and providing monetary, technical, and marketing support. [LIVE] The Eyeball Games team has been focusing on improving the visual details of the pool balls in the Eyeball Pool game. The upcoming Phase 2 of the game will also include new features such as multiplayer PvP, a revamped UI, and time-based tournaments. 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): 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! Weekly Crypto News about DeFi, NFT, and crypto market is free today. But if you enjoyed this post, you can tell Weekly Crypto News about DeFi, NFT, and crypto market that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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Market Pulse by the Crypto.com Research & Insights Team (Week 32, 01/08/2023 - 07/08/2023)
Monday, August 7, 2023
ETH futures ETF applications rising. Tether unveils BTC mining software to boost efficiency and capacity.
Weekly NFT & GameFi Update (Week 31, 29/07/2023 - 04/08/2023)
Friday, August 4, 2023
Crypto.com releases a 'Spot the Difference' game with NFT prizes. Yuga Labs acquires metaverse startup Roar Studios. Starbucks Odyssey launches its eighth NFT collection, 'Green Apron'.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 31, 27/07/2023 - 02/08/2023)
Wednesday, August 2, 2023
Crypto.com secures registration approval in Netherlands. MakerDAO votes to implement ESDR via GOV12.1.2 proposal. Curve Finance confirms various Ethereum pools hacked.
Market Pulse by the Crypto.com Research & Insights Team (Week 31, 25/07/2023 - 31/07/2023)
Monday, July 31, 2023
Crypto.com partners with LINE Xenesis. Crypto.com secures registration approval in the Netherlands. Worldcoin $WLD makes headlines.
Weekly NFT & GameFi Update (Week 30, 22/07/2023 - 28/07/2023)
Friday, July 28, 2023
Cronos launches Summer Cruise campaign. Minted activates NFT trading rewards feature. Bored Ape Yacht Club holders now can register Ape-centric products on 'Made by Apes' platform.
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