Weekly NFT & GameFi Update (Week 42, 14/10/2023 - 20/10/2023)
Weekly NFT & GameFi Update (Week 42, 14/10/2023 - 20/10/2023)y00ts NFT transitions from Polygon to Ethereum. Open Metaverse Alliance (OMA3) is formed to address challenges for NFTs and the metaverse. Animoca Brands and Amber launch Web3 Formula E video game.
Chart of the WeekThe transition of NFT collection ‘y00ts’ from the Polygon to Ethereum blockchain has rolled out. This started on 16 October 2023, and within the first seven hours, 4,600 ‘y00ts’ holders migrated their assets from Polygon to Ethereum. To incentivise early adoption, the project is covering all gas fees for first movers within the first 24 hours. It’s also randomly distributing 10 ‘y00ts’ NFTs to wallets that switch blockchains within the first day. The transition process has been facilitated by partnering with Wormhole Crypto's cross-chain NFT standard. Additionally, to prompt ‘y00ts’ holders to migrate their assets to Ethereum, the project will impose a royalty fee of 33.3% starting 22 October for ‘y00ts’ collectibles traded on Polygon. New Project SpotlightNFT Collectibles[LIVE] ‘Ape Royal’ is an exclusive art collection created by artist Kaysha. Each NFT features a unique depiction of an ape living a life of luxury and royalty, and the drop includes various utility items. These include new art from a future collection (Smooth Catz Club), and exclusive Ape Royal apparel. [UPCOMING] ‘LIFE OF HEL’ represents the establishment of a new IP monetisation platform set to elevate the LOH saga as the next global-scale manga and anime series. The LOH manga series consists of seven volumes, which will be physically published by Kadokawa Gempak Starz (Q4-23), and an animated series is also in the pipeline for release on OTT streaming platforms. The first PFP drop of the LOH series is 'LIFE OF HEL - Reapers'. 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$8.1 billion, dropped by -1.8% from last week. News Highlights
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Weekly NFT & GameFi Update (Week 41, 07/10/2023 - 13/10/2023)
Thursday, October 19, 2023
Starbucks launches NFTs for the Pumpkin Spice Latte. World of Women partnered with Monopoly for a special edition of the game. Nike and RTFKT collaborate to release NFT-enriched sneakers.
Market Pulse by the Crypto.com Research & Insights Team (Week 42, 10/10/2023 - 16/10/2023)
Thursday, October 19, 2023
Ferrari to accept cryptocurrency payments in the US. Mastercard tests a new solution to tokenise CBDCs. JPMorgan debuts in-house blockchain tokenisation application.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 42, 12/10/2023 - 18/10/2023)
Thursday, October 19, 2023
Uniswap to charge a 0.15% swap fee on select assets. Ethereum L2 Scroll launches on mainnet. Platypus loses over $2M from a flash loan attack, its third exploit in 2023.
Market Pulse by the Crypto.com Research & Insights Team (Week 41, 04/10/2023 - 09/10/2023)
Monday, October 9, 2023
BTC's “Uptober” intact so far this month. Hong Kong Stock Exchange uses smart contracts to help post-trade flows. Bank of Korea and Bank for International Settlements test Korean CBDC.
Weekly NFT & GameFi Update (Week 40, 30/09/2023 - 06/10/2023)
Friday, October 6, 2023
PayPal files a patent for an NFT marketplace. Yuga Labs blocks trading of 'Otherside Mara' on major NFT marketplaces. Aavegotchi and The Sandbox announce plans for a game and airdrop.
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