NFT & GameFi Weekly (07/10/2022)

Yuga Labs creates community council representing Bored Ape YC and Mutant Ape Yacht Club. Japan to invest in NFT and Metaverse services. Web3 startup Horizon raises US$40 million in Series A funding.

Oct 07, 2022
Weekly NFT and Gamefi Newsletter

Key Takeaways

  • NFT firm Yuga Labs announces the launch of the Bored Ape and Mutant Ape Yacht Club community council. The council will be able to nominate three community projects each month, and both the BAYC and MAYC communities can vote for a project that will get a grant from Yuga Labs.
  • Japan’s Prime Minister Fumio Kishida said in a policy speech that the country’s plans for investing in digital transformation include NFT and metaverse services. In his speech, Kishida said that Japan will “promote efforts to expand the use of Web3 services that utilise the metaverse and NFTs”.
  • Horizon, the Web3 startup behind NFT game Skyweaver, has raised US$40 million in a Series A funding round backed by major video game publishers Ubisoft and Take-Two Interactive. Skyweaver is a digital trading card game similar to Blizzard’s Hearthstone, with the exception that its cards are represented as Ethereum NFT assets.
  • X2Y2 recorded a -32% decrease in sales and a +24% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +63% and its transaction count also increased +51%. NFT in the Spotlight

  • The last chapter of the highly praised “Extranet Metaverse” series features four new collectibles with associated vinyl records of varying rarity, just like in a video game. Each package will contain a booklet with 26 pages, which includes illustrations for all NFTs in the collection and several unreleased works by artist Dreamfibre.
  • This NFT collection by Barbara Redekop showcases “Elon’s World: The Incredible Adventures”. Redekop grew up yearning to connect with the wider world through her work — developing a signature colourful and cartoonish style with a bright and cheerful outlook. This drop features a utility item created by the artist and special NFT airdrops.

NFT Highlights

GameFi Highlights

NFT Transaction Benchmark

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:

PlatformCollectionSales Volume (USD)Sample NFTTMK$96,000
MintedVVS Miner Mole$98,000
Magic EdenCritters Cult$1,885,000
OpenSeaRENGA$7,649,000 NFT
Sales Volume (USD)$96,000
CollectionVVS Miner Mole
Sales Volume (USD)$98,000
PlatformMagic Eden
CollectionCritters Cult
Sales Volume (USD)$1,885,000
Sales Volume (USD)$7,649,000

GameFi Top Gainers & Losers

Screen Shot 2022 10 07 At 8.36.08 Pm

Top Games Metrics

Screen Shot 2022 10 07 At 8.37.00 Pm

Daily Gamers by Blockchain


The information in this report is provided as general market commentary by 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.


Research and Insights Team

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