NFT & GameFi Weekly (23/09/2022)

NFT marketplace OpenSea has integrated Arbitrum. Funko is teaming up with Warner Brothers for DC Comics’ NFT release. Bandai Namco and SEGA to spur mainstream blockchain gaming adoption.

Key Takeaways

• NFT marketplace OpenSea integrated Ethereum scaling solution Arbitrum. This was carried out on 21 September, adding to the four existing blockchains on OpenSea (Ethereum, Solana, Polygon, and Klaytn). Users are now able to buy and sell all Arbitrum One NFTs on OpenSea.
• Pop culture retail brand Funko is teaming up with Warner Brothers for DC Comics’ NFT release. DC fans who purchase the physical comic book collectible can connect their crypto wallet and claim the NFT version online, which is minted on the WAX blockchain.
• Bandai Namco and SEGA are among several video game giants that are working to spur mainstream blockchain gaming adoption. In an interview at Tokyo Game Show 2022, the companies reiterated that they have a long-term vision for blockchain-based gaming.
• X2Y2 recorded a -32% decrease in sales and a +32% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +41% and its transaction count also increased +53%.
• The total market cap for GameFi tokens now stands at US$8.82 billion, up +5% from last week.

Crypto.com NFT in the Spotlight

• “Escape From Egret Bridge” is the latest collection in the world of The Longclaw Teahouse, a world inspired by illustrator Fionn Jordan’s travels in Asia Pacific that gets a little bigger with every illustration he creates.
• Magical cryptocurrency mumbo jumbo was used to transform a sacred text into “Own Every Word”, an NFT project that allows one to own all words ever created. This 500-piece drop boasting brand-new words features 200 special-edition Pirate Booty words with an animated 8-bit background.

NFT Highlights

• OpenSea implements a new protocol that ranks NFT rarity
• Magic Eden launched ETH aggregator magic Ethen
• Azuki creator closes in on $30 million fundraise
• The RENGA NFT collection now accounts for over 14.6% of the total NFT volume
• New York real estate developer buys first-ever real-life office building as NFT
• MoonPay and Universal Studios team up to create an NFT-based scavenger hunt
• NFTs may be the ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania: Report
• Naver and LINE launch NFT platform for K-Pop fans

GameFi Highlights

• Philippines hosts Axie Infinity: Origins Season 1 kickoff party
• Sweat economy (SWEAT) goes live on Near Protocol, metrics rocketing
• Play-to-earn gaming platform Vulcan Forged raises $8M in Series A funding
• Major GameFi company Splinterlands sells out card packs in one minute
• Immutable’s Guild of Guardians on building trust to onboard traditional gamers

NFT Transaction Benchmark

The following chart shows select top NFTs and their historical floor prices:

Top Collections

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

GameFi Top Gainers & Losers

Top Games Metrics

Daily Gamers by Blockchain

Disclaimer

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Author

Research and Insights Team

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