NFT & Blockchain Gaming Weekly (03/03/2023)

Yuga Labs reveals its Bitcoin NFT project “TwelveFold”. Korea’s Lotte Group partners with Polygon to expand NFT business. MetaMask enters the gaming industry with the launch of its SDK.

New Project Spotlight

NFT Collectibles

[COMING SOON] “Whale Life 2.0” is a project by NFT creator Barbara Redekop. The collection features whales and their determination; they never give up and always follow their dreams. The collection goes live on Crypto.com NFT on 6 March 2023.

[COMING SOON] “Space Girls“ is a collection by popular collage artist Morysetta. Dropping on 8 March on Crypto.com NFT, it pays homage to the strength, beauty, and grace of women.

Blockchain Games

[COMING SOON] The phase 1 web game for Eyeball Games is targeted to launch within a week. This game is exclusive to the Balldroid community, and those who wish to participate can get one of the NFTs from Minted or Crypto.com NFT.

[COMING SOON]Legends of Bezogia is releasing the Lost Keys update, which unlocks benefits such as early game access, Origins Tournament entry, and exclusive in-game items. Zogi Labs, the creator of Legends of Bezogia, is one of the recipients of the Cronos ecosystem grant.

The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:

The following table shows select top games by weekly Unique Active Wallets (UAW):

Gaming Token Performance

The total market cap for gaming tokens now stands at US$10.42 billion, down -15% from last week.

News Highlights

• Yuga Labs, the creator of Bored Ape Yacht Club, has revealed its first Bitcoin NFT project named “TwelveFold”. The collection will consist of 300 limited-edition generative art pieces that are inscribed to the Bitcoin blockchain.
• Lotte Group, one of South Korea’s largest conglomerates, plans to expand its NFT business globally through a partnership with the Polygon blockchain. The partnership will start with rebranding Lotte Homeshopping’s BellyGom NFTs.
• Metamask is making its foray into the gaming industry with the launch of the MetaMask SDK in the Unity Asset Store. The launch will allow developers to connect their games to the Metamask wallet, enabling users to interact with Web3-enabled features within the game itself.

Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels.	Overview of Decentralised Derivatives: Crypto derivatives dominate the market today, representing about 70% of the entire crypto market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space.	Research Roundup Newsletter [January 2023]: In our latest issue, we feature market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.

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Authors

Research and Insights Team

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