NFT & Blockchain Weekly – 💰Bitcoin Leads 7-Day NFT Volume

Bitcoin leads 7-day NFT Volume. Within two days of its recent airdrop, Runestone has become the third-largest collection by market cap across all chains. Dogwifhat NFT sells on Foundation for 1,210 ETH ($4.3M).

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

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

• Alpha Navigator: Quest for Alpha [December 2023]: FOMC minutes appear to reaffirm the prospect of an interest rate turnaround. Risk assets were mostly up in December, led by BTC and ETH.
• Exploring the Future of Blockchain Gaming: Trends and Opportunities: A comprehensive review of the blockchain gaming industry, the state of the gaming market, current challenges and opportunities, and what lies ahead for on-chain games.
• 2023 Year Review & 2024 Year Ahead: 2023 has been an eventful year for the crypto industry. In this report, we curate the top crypto events and trends of 2023, followed by our outlook for 2024.

Recent University Articles

• 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

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