Weekly NFT & GameFi Update (Week 3, 13/01/2024 - 19/01/2024)
Weekly NFT & GameFi Update (Week 3, 13/01/2024 - 19/01/2024)NFT market sales volume dropped by 64% YoY. Sotheby's is hosting a Bitcoin Ordinals auction. Taproot Wizards to release a new ‘Quantum Cats’ collection.Chart of the WeekThe latest data suggests that NFT sales volumes dropped from around US$27 billion in 2022 to around US$9.5 billion in 2023. NFT trading on Ethereum plunged by 76% in 2023 while growing from zero to $1.8 billion on Bitcoin. New Project SpotlightNFT Collectibles[Live] Legends of Tank NFT Drop BattleCity is the creator of Legends of Tanks, an immersive game with a thrilling blend of combat and strategy that’s inspired by the beloved decades-old title, Tank 1990. ‘Legends of Tank NFT Drop’ features 2,886 Mystery Boxes that can be used to claim three distinct in-game utility items. These NFTs enable players to earn rewards and get access to a series of celebratory events in anticipation of the official game launch. [Upcoming] After two sold-out drops, the YUROSAKO anime-based Web3 project returns to introduce Yurosako’s daughter, ‘MISAKI’. This special collection includes 1,700 unique digital avatars, each with over 100 different traits. Collectors enjoy early access to the upcoming ‘AZURONG’ drop and the YUROSAKO manga, have the chance to win merchandise, and more. The following table shows selected top games by weekly volume in USD: Gaming Token PerformanceThe total market cap for gaming tokens now stands at $19.71 billion, dropping by -7.5% from last week. News Highlights
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Wednesday, January 17, 2024
USDC issuer Circle confidentially files for IPO in US. Polygon launches Amoy testnet, zkEVM enters its next stage of development. Cosmos Hub voting on a proposal to set ATOM's inflation rate to 0%.
Market Pulse by the Crypto.com Research & Insights Team (Week 3, 09/01/2024 - 15/01/2024)
Monday, January 15, 2024
US Spot Bitcoin ETFs begin trading; $7.69B volume in first two days. US inflation at 3.4% YoY in Dec 2023, above estimates. Circle, issuer of USDC, files for IPO.
Weekly NFT & GameFi Update (Week 2, 06/01/2024 - 12/01/2024)
Friday, January 12, 2024
Azuki will produce an anime anthology series. Opensea launches an email-based wallet setup. Visa launches a Web3 Loyalty Engagement Solution.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 2, 04/01/2024 - 10/01/2024)
Friday, January 12, 2024
TVL of Ethereum L2 networks reach a record-high of nearly $21B in Jan 2024. Ethereum developers confirm #Dencun upgrade testnet dates. Paxos exploring $PYUSD deployment on AaveAave to boost liquidity.
Market Pulse by the Crypto.com Research & Insights Team (Week 2, 03/01/2024 - 08/01/2024)
Monday, January 8, 2024
Digital assets ETPs' 2023 inflows of $2.2B more than double 2022. Last-minute application updates for spot BTC ETFs. Reporting of crypto transactions over $10K to the IRS effective Jan 1 2024.
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