Weekly NFT & GameFi Update (Week 38, 16/09/2023 - 22/09/2023)
Weekly NFT & GameFi Update (Week 38, 16/09/2023 - 22/09/2023)Loaded Lions introduces Mane City Awards & Access Pass system. Casey Rodarmor proposes using unstable numbers for inscriptions in Bitcoin Ordinals. Magic Eden integrates Solana’s cNFTs.Chart of the WeekCasey Rodarmor, the creator and chief coder of Bitcoin Ordinals, proposed to change the numbering system of the protocol's inscriptions. He suggested making the numbers "permanently unstable" to simplify the codebase and facilitate future protocol changes. This is because maintaining a unique and stable inscription number for each Ordinal NFT has resulted in complicated code and hindered development. New Project SpotlightNFT Collectibles[LIVE] ‘m00m world | genesis’ is a project by m00m consisting of 4,200 total m00m shipping container creatures (dynamic PFP NFTs). A limited supply of 1,000 will be available exclusively on Crypto.com. Each collectible is minted with varying degrees of rarity, powers, and utility within ‘m00m world’, its Virtual Interaction Platform (VIP). [COMING SOON] ‘LOFI Pods Mystery Box NFT‘ features utility-driven NFTs designed for LOFI EQ, an app that enables live streaming fans to monetise their watch time. It was created by lofi_buzz, a team of tech experts from AWS, Samsung, and leading startups. Blockchain Games[LIVE] The ‘Mane City Awards’ collection features four unique trophy NFTs for the top 10 tycoons in Loaded Lions: Mane City’s Competitive Mode leaderboard. Top-ranked tycoons will receive exclusive awards which grant them a boost for future seasons. These include the ‘Lion's Tenacity Award’, ‘Bronze Valour Award’, and ‘Silver Spirit Award’ NFTs. [LIVE] Loaded Lions: Mane City is introducing the Mane City Access Pass system. Crypto.com Land NFT holders are recognised as Access Pass providers and can invite others to join the game by sharing their unique access code. Access Pass providers will earn Diamond bonuses based on their referrals’ in-game purchases. The more players join and spend in the game, the larger the Diamond rewards and Competitive Mode prize pool become. Land NFT holders also benefit from an increased Diamond generation rate. Newcomers can join Loaded Lions: Mane City with an access code and become part of the community of tycoons. Mane City aims to provide a collective journey of growth and prosperity for all players, with more updates and announcements to come soon. The following table shows select top collections (by weekly sales volume on each platform): The following table shows selected top games by weekly volume in USD: Gaming Token PerformanceThe total market cap for gaming tokens now stands at US$8.27 billion, growing by +6.2% 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! 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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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 38, 14/09/2023 - 20/09/2023)
Wednesday, September 20, 2023
Ethereum's new Holesky testnet delayed after launch failure. Cosmos Hub rolls out Gaia v12 upgrade to add a liquid staking module. Optimism announces third round of community token airdrops.
Market Pulse by the Crypto.com Research & Insights Team (Week 38, 12/09/2023 - 18/09/2023)
Monday, September 18, 2023
Crypto.com kicks off its inaugural APAC Hackathon. Ethereum launched its new testnet #Holesky. Franklin Templeton joins the race for a spot $BTC ETF
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 37, 07/09/2023 - 13/09/2023)
Sunday, September 17, 2023
Circle's USDC launches on Optimism, Base, and Cosmos. dYdX to launch decentralised order book exchange on Cosmos. Sushi expands to Aptos and marks first non-EVM chain deployment.
Weekly NFT & GameFi Update (Week 37, 09/09/2023 - 15/09/2023)
Sunday, September 17, 2023
Meta partnered with universities to launch a VR educational program. OnChainMonkey migrated its OCM Genesis NFT collection from Ethereum to Bitcoin. Milady NFT suffered an exploit.
Market Pulse by the Crypto.com Research & Insights Team (Week 37, 05/09/2023 - 11/09/2023)
Monday, September 11, 2023
ETH spot ETF applications are rolling in. FASB recommends recording crypto at fair market value. JPMorgan explores blockchain-based digital payment system.
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