Weekly NFT & GameFi (Week 30, 29/07/2022 – 04/08/2022)

Jewellery retailer Tiffany & Co. launches exclusive offer for CryptoPunks NFT holders. Magic Eden will soon be integrating Ethereum NFTs. GameFi and Metaverse were the crypto sectors that were least affected by the Terra debacle.

Key Takeaways

• CryptoPunks NFT sales jumped 248% after luxury jewellery retailer Tiffany & Co. announced that holders can create a custom gold pendant in the likeness of their punk, and receive an complementary NFT.
• Leading Solana NFT marketplace Magic Eden will soon be integrating Ethereum NFTs on its platform, helping the platform extend its presence across Web3 communities.
• According to a report by DappRadar, GameFi and NFT-related metaverse projects were the crypto sectors that were least affected by the Terra debacle. In Q2, they posted transaction count increases of 9.5% and 27%, respectively.
• X2Y2 recorded a +8% increase in sales and a -25% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +20%, while its transaction count also increased +25%.
• The total market cap for GameFi tokens now stands at US$10.35 billion, up +2% from last week.

Crypto.com NFT in the Spotlight

• Crypto.com and K-pop agency Fantagio entered a joint venture to pursue NFT projects. Fantagio manages K-pop idol groups such as ASTRO and Weki Meki, as well as South Korean actors like Cha Eun-woo and Ong Seong-woo.
• “Neon Heritage” focuses on the appreciation and conservation of a major part of Hong Kong’s one-of-a-kind visual identity. Upon learning that his home city of Hong Kong was removing its captivating neon signs, photographer Sean Foley made it his mission to capture them all before they are gone.

NFT Highlights

• Gucci goes APE: Luxury brand adds Bored Ape Yacht Club token as payment option
• Moonbirds to move to CC0 public licence and form Moonbirds DAO
• Ledger’s first NFT collection sells out in less than 24 hours
• a16z leads VeeFriends’ $50M seed funding round
• Crypto firm Chiliz nabs $100M stake in FC Barcelona’s digital studio
• Pearson plans to sell digital textbooks as NFTs

GameFi Highlights

• Lunacian summer art contest by Axie Infinity
• AO Labs raises $4.5M for Web3 gaming platform Spacebar backed by big names in GameFi
• Gaming claimed record 60% of blockchain activity in July: DappRadar
• Sorare 7-day NFT sales whizz past $7M on AC Milan tail winds
• 1M $GODS surprise rewards are ready to be claimed

NFT Transaction Benchmark

The following chart shows selected top NFTs and their historical floor prices.

Top Collections

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

GameFi Top Gainers & Losers

Top Games Metrics

Daily Gamers by Blockchain

Authors

Research and Insights Team