The NFT market witnessed its first positive monthly growth since March 2024.
Notable News: Pudgy Penguins is developing a mobile game called Pudgy Party and launched its toy line in Walgreens stores in the US; Yuga Labs launched Layer-3 chain ApeChain.
After six consecutive months of decline, the NFT market witnessed its first positive growth since March 2024, with its sales volume increasing 17.5% month-over-month. Top blockchains like Bitcoin, Ethereum, and Solana all saw double-digit growth in sales volume, led by their blue chip NFT collections.
Following its sharp decline in September, the in-game items and collectibles marketplace DMarket on Mythos resurged, resulting in a triple increase in Mythos’s overall sales volume. Flow, a platform primarily supporting sports NFTs, maintained its momentum with 18% growth, thanks to ‘NBA Top Shot’.
The following table shows selected top games by weekly volume in USD:
Gaming Token Performance
The total market cap for gaming tokens now stands at US$22.04 billion, dropping by -5.49% from the past 14 days.
New Projects Spotlight
News Highlights
Pudgy Penguins is entering the mobile gaming market with Pudgy Party, developed in collaboration with Mythical Games and set to launch globally in 2025. Additionally, Pudgy Penguins launched its toy line in 2,000 Walgreens stores across the US. Each toy comes with a unique code that allows buyers to redeem NFT customisation items for the Pudgy Penguins digital ecosystem.
ApeChain, a new Layer-3 blockchain built by Yuga Labs on Arbitrum One, went live recently. The chain supports native staking yields for the APE token, NFT minting, and dapp functionality.
Improbable, the developer behind Bored Ape Yacht Club’s Otherside project, announced plans to create a new Layer-1 blockchain called Somnia. This blockchain aims to achieve high scalability and will be EVM-compatible, leveraging Improbable’s expertise in gaming and distributed systems.
Ubisoft launched its first original blockchain game, Champions Tactics: Grimoria Chronicles, available on PC through the Ubisoft Connect platform. This tactical strategy game features optional NFTs minted on the Oasys blockchain, allowing players to select teams of digital characters for turn-based battles.
Intent-Based Protocols: Intent-based protocols aim to simplify user experience and reduce barriers to entry into crypto. This report provides an overview of the intent-based protocols.
Pair Trading: Pair trading is a market-neutral strategy exploiting price movements between two correlated assets. Traders seek pairs with historical correlation, monitoring price spreads to identify long and short opportunities.
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NFT & Blockchain Gaming Weekly – 📈 NFT market sees first positive monthly growth since March 2024; Pudgy Penguins is developing a mobile game
📈 NFT market sees positive monthly growth in Oct 🚀 Yuga Labs launches Layer-3 chain ApeChain on Arbitrium 🐧 Pudgy Penguins is developing a mobile game and launched its toy line in Walgreens
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