Chart of the Week

In the latest weekly report, the NFT market showed stability despite a slight decline of -0.28%, with the total trading volume reaching US$330,689,632. Notably, Bitcoin has swiftly reclaimed its dominance as the top blockchain. It secured the top spot in 7-day NFT sales volume, clocking $126,654,566 of trades.

New Project Spotlight

NFT Collectibles

[Live]

Rewards+ is a Crypto.com App loyalty programme that provides you with a world of benefits based on your trading activity. All ‘Loaded Lions’ NFT holders can skip a Rewards+ level, granting you an exclusive upgrade to the following tier. Get a headstart on your Rewards+ journey with greater Earn Plus bonuses, extra Crypto.com Visa Card rewards, referral bonus boosters of up to US$200, and special trading fee rebates!

[Upcoming] Crypto.com Tactical Gear: Phase 2

Phase 2 of the 'Elite' Tactical Gear sale in Mane City is open to all Crypto.com NFT users and will offer at least 5,000 ‘Elite’ weapon and armour NFTs distributed across three types of surprise packs. The sale will run from 21 March 2024, 13:00 UTC to 26 March 2024, 13:00 UTC.

[Upcoming] The Mysterious Adventure of Hazoo Collection

At the intersection of technology, art, and music, ‘The Mysterious Adventure of Hazoo’ is an immersive series that promises to take you on an extraordinary journey. In this collection, 2,222 limited packs are waiting to be discovered, each with a unique music track. Collectors can also unlock a grand musical composition by uniting more than 2,222 NFTs within a month.

The following table shows selected top games by weekly volume in USD:

Gaming Token Performance

The total market cap for gaming tokens now stands at $38.22 billion, decreasing by -4.31% from last week.

News Highlights

• Within two days of its recent airdrop, Runestone has become the third-largest collection by market cap across all blockchains.

• Starbucks is shutting down its NFT rewards programme, Starbucks Odyssey, after two years. The company cited a need to re-evaluate its NFT offerings.

• Dogwifhat ($WIF) has auctioned its NFT on Foundation, closing at 1,210 ETH ($4.3 million at the time of writing).

• Milady meme coin rides the Solana buzz, hitting its $18.7 million presale target.

• Another ‘CryptoPunks’ NFT recently fetched over $16 million in Ethereum, marking one of the largest sales in the collection's history. This sale now stands as the fifth most expensive NFT sale to date.

• The Pixels Web3 game is driving a surge in activity on the Ronin blockchain, with its user base increasing by 700% in recent months.

• The developers of Super Sushi Samurai, a game operating on Ethereum scaling network Blast, are addressing a recent $4.6 million hack potentially facilitated by a white hat hacker. The exploit targeted the game's smart contract, causing the price of its native token, SSS, to plummet by 99.99%.

Recent Research Reports

• Research Roundup Newsletter [February 2024]: We present to you our latest issue of Research Roundup, featuring trending market insights in February, charts of the month, and our deep dive into the DePIN market.

• DePIN: Crypto’s Rising Narrative: DePIN is currently one of crypto’s hottest narratives. We introduce what DePIN is, how it works, and the current market landscape.

• Alpha Navigator [February 2024]: Crypto and equities were up in February, while fixed income was under pressure. Interest rate decisions from major central banks upcoming in March.

Recent University Article

• What Are Bitcoin and Ethereum ETFs and How Do They Work?: Bitcoin and Ethereum ETFs are investment vehicles that track the price of BTC and ETH — and could bring increased liquidity and mainstream adoption.

• All Meme Coins You Can Buy on Crypto.com: Here is a complete list of all the meme coins you can currently buy on Crypto.com, including top meme coins like Dogecoin, Pepe, and dogwifhat.

• What Is a Crypto Airdrop and How Do You Get One?: Here’s what airdrops are, how they work, and how you can get crypto airdropped into your wallet.

We’re all ears.

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Authors

Research and Insights Team

Disclaimer

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Thank you for reading! We hope you find our Weekly NFT & GameFi Update enlightening!

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