NFT & Gaming — 📈 Loaded Lions’s LION token surpassed $2B FDV and is available for DeFi Staking; NFT marketplace X2Y2 is closing

Loaded Lions’s LION token is available for DeFi Staking. NFT marketplace X2Y2 is closing. Battle royale shooter ‘Off the Grid’ launched GUNZ Network.

Quick Take

• Loaded Lions’s LION token surpassed US$2 billion FDV and is available for DeFi Staking with rewards up to 180% p.a. 
• NFT marketplace X2Y2 is closing to pivot towards an AI-driven crypto project.
• LG will shut down its NFT platform, LG Art Lab.
• Off the Grid, a battle royale shooter game, launched a blockchain called GUNZ Network.
• Doodle #6914 was sold for a significant loss of over $1 million.
• Ronin NFTs launched on OpenSea.

News Highlights

• Loaded Lions’s LION token surpassed US$2 billion fully diluted valuation (FDV) on 26 March, and was made available for DeFi Staking with rewards up to 180% p.a. Users can also earn tokens like VVS, CORGIAI, and MTD through staking, with rewards distributed via an appreciating conversion rate, as part of Crypto.com’s DeFi offerings.
• X2Y2, a three-year-old NFT marketplace, is closing to pivot towards an AI-driven crypto project focused on sustainable, utility-based value generation. The new project aims to allow users to earn profits throughout market cycles, leveraging AI-powered trading.
• LG will shut down its NFT platform, LG Art Lab, on 17 June because of a broader NFT market downturn. Launched in September 2022, it allows users to display NFTs on their TVs and has partnered with visual artists to launch digital art collections.
• GUNZ Network, a blockchain behind the battle royale shooter Off the Grid, was launched on 31 March, with its native token, GUN. The platform allows players to trade in-game assets and the GUN token, and be used by other studios for their own games.
• Doodle #6914, known as the ‘Golden Ape Doodle’ for its rare appearance, was sold for 34 ETH (~$61,375), marking a significant loss of over $1 million since the original holder purchased it for 296.69 ETH (~$1.11 million) in 2022.
• Ronin NFTs were launched on OpenSea. This integration provides Ronin users with access to a broader marketplace beyond the Ronin Market, increasing visibility and liquidity for their digital assets.

Recent Research Reports

• Research Roundup Newsletter [February 2025]: We present to you our latest issue of Research Roundup, featuring our deep dives into ‘Will Be Another Asset’ and ‘Institutional Crypto Market: From Liquidity to Global Adoption’.

• Wall Street On-Chain Part 1 – Will Bitcoin be Another Asset?: Bitcoin has made a solid run in the past year to widen the gap between its performance against altcoins. It is also often described as ‘digital gold’ for being seen as a store of value and potential hedge against inflation. Based on its recent developments and adoption in institutions, this report explores if BTC could become another new asset and examines potential contenders to bitcoin.

• The Evolution of the Institutional Crypto Market: From Liquidity to Global Adoption: This article presents the institutional crypto market, focusing on liquidity and global adoption.

We’re all ears.

Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you!

Authors

Research and Insights Team

Get the latest market, DeFi & NFT updates delivered to your inbox:

Be the first to hear about new insights:

Disclaimer

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.