Chart of the Week

A federal judge in California has ruled that conceptual artist Ryder Ripps and his business partner Jeremy Cahen must pay over US$1.5 million in damages to Bored Ape Yacht Club (BAYC) creator Yuga Labs. Ripps and Cahen are the duo behind the RR/BAYC NFT collection, which featured primates in similar poses as the Bored Apes. It also used marketing material similar to BAYC.

The judge determined that Ripps and Cahen’s copies of the Bored Ape NFTs,  which they claimed were appropriation art criticising Yuga Labs’s works, infringed on Yuga Labs’s intellectual property rights. The defendants were ordered to pay all of their profits from the copies to Yuga Labs, and transfer their NFT smart contract and project-related websites and social media accounts to the company.


New Project Spotlight

NFT Collectibles

[LIVE] LIFE OF HEL

LIFE OF HEL’ represents the establishment of a new IP monetisation platform set to elevate the LOH saga as the next global-scale manga and anime series. The LOH manga series consists of seven volumes, which will be physically published by Kadokawa Gempak Starz (Q4-23). An animated series is also in the pipeline for release on OTT streaming platforms. The first PFP drop of the LOH series is ‘LIFE OF HEL – Reapers‘.

[UPCOMING] Planet IX: Limited Edition – Corporation Avatar Pack

‘Planet IX Corporation Packs’ can be burned in the player’s in-game inventory. Burning these packs will then unlock Avatars from the Corporation Genesis Collection, consisting of characters representing various corporations in the Planet IX universe. These Avatars will have different utilities in the game, and their full story can only be obtained through the in-game inventory. Collecting multiple characters will allow players to uncover mysteries within the Planet IX universe. The Avatars are AI-analysed and stored as NFTs on the blockchain.


NFT Metrics

PlatformCollection7D Sales Volume (USD)Floor Price(USD)
OpenSea
Bored Ape Yacht Club$24,303,065 (+52%)$48,924
OpenSea
Mutant Ape Yacht Club$9,948,831 (+78%)$9,317
Crypto.com
Loaded Lions$53,515 (+6%)$930
Crypto.com
LIFE OF HEL – Reapers$42,985 (-)$35
Minted
Cronos Cruisers$11,110 (+2,052%)$493
Minted
VVS Miner Mole$7,456 (+58%)$132
As of 26 Oct 2023
Sources: OpenSea, Minted, Crypto.com Research

Blockchain Game Metrics

The following table shows selected top games by weekly volume in USD:

GameBlockchain(s)7D Volume (USD)7D UAW
Loaded Lions: Mane CityCronos$21,523 (-29%)3,166 (+7%)
Treasure DAOEthereum, Arbitrum$6,108,455 (+88%)1,532 (+12%)
Axie InfinityEthereum, Ronin$5,725,617 (+94%)32,419 (+12%)
Gods UnchainedEthereum, Immutable X$5,077,881 (+15%)4,840 (+28%)
Galactic ArenaBNB Chain$1,246,484 (+1,216%)22 (-4%)
HYTOPIAEthereum, Polygon$1,072,369 (+419%)308 (+12%)
As of 26 Oct 2023
Sources: Crypto.com Research, DappRadar

Gaming Token Performance

The total market cap for gaming tokens now stands at US$9.74 billion, surging by +20.2% from last week.


News Highlights


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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.

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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.

NFT & Blockchain Gaming Weekly (27/10/2023)

Judge ruled RR/BAYC creators to pay over US$1.5 million in damages to Yuga Labs and transfer their smart contract. Decentraland introduces personalised metaverse identities, dubbed “Decentraland NAME”. Memeland launches its MEME token.

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