Chart of the Week

In the latest weekly report, the NFT market declined by -32.4% week over week, with the total trading volume slowing to ~US$227 million. Notably, the top blockchains in terms of NFT sales have declined significantly. Bitcoin, Ethereum, and Solana saw their weekly trading volume dip by nearly -42%, -32%, and -22% respectively.

New Project Spotlight

NFT Collectibles

[Live] Haz Haus x rees

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 surprise packs are waiting to be discovered, with each one boasting a unique music track. Fans can also unlock a grand musical composition by uniting more than 2,222 NFTs within a month.

[Upcoming] KMON Hunters - The Collector Edition

Find your digital companion in ‘KMON Hunters - The Collector Edition’ and explore the Kryptomon metaverse. Start your adventure by buying a package from this drop. Each package includes one starter pack, two booster packs, limited edition holographic Encased Collector Edition Cards, and more. Collector Edition Card holders can redeem a living ‘Kryptomon’ NFT and enjoy early access to future events or sales too.

[Upcoming] Cinematic Daydreams

World-renowned collage artist Caitlyn Grabenstein returns to grace Crypto.com NFT with a new collection. 255 surprise packs are up for grabs in ‘Cinematic Daydreams’, with each one providing a glimpse into a movie scene of Grabenstein’s dreams. Collectors stand a chance to receive bonus NFTs and autographed art prints.

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 $39.91 billion, increasing by +4.42% from last week.

News Highlights

• Azuki launches ‘AnimeChain’ on Arbitrum. It aims to be a one-stop platform for anime and Web3 lovers, offering original and licensed anime, games, merchandise, NFTs, and more in a community-governed ecosystem.

• Munchables, a Web3 game built on Ethereum L2 blockchain Blast, suffered a hack of over 17,400 Ether (ETH) (worth approximately $62 million at the time of writing), reportedly linked to a developer within the team. Subsequently, the Munchables team mentioned that the developer shared all the assets’ private keys to assist in recovering the funds. This was the second exploit which happened to games built on Blast in one week, following the Super Sushi Samurai hack.

• ‘Pixels Farm Land’ NFTs are live on the Ronin network. Pixels, a Web3 farming game, introduced a $PIXEL airdrop and enabled Farm Land NFT bridging to the Ronin network. Sky Mavis, creator of Axie Infinity, integrated ‘Pixels’ NFTs into its EVM blockchain, promising smoother land transactions and exciting in-game rewards for players transitioning to Ronin.

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

• Top AI Tokens to Know in 2024: Discover the top AI tokens for the future and explore their use cases in the ever-evolving world of cryptocurrency and blockchain technology.

• Technical Analysis: Four Easy Tools for Beginners: Technical analysis doesn’t need to be complicated. Here are four proven tools for beginners to measure market trends.

• What Is Pepe Coin and How to Buy PEPE: Pepe the Frog leapt over Dogecoin and Shiba Inu in early 2024. Here’s what Pepe Coin is and why it’s so successful — and how you can buy PEPE on Crypto.com.

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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