NFT & GameFi Weekly (21/10/2022)

Magic Eden shifts to an optional royalties model. Bicycle Cards plans to create physical playing cards based on its Bored Ape NFT. Sorare is launching a fantasy basketball game with the NBA.

Oct 21, 2022
Weekly NFT and Gamefi Newsletter

Key Takeaways

  • Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August. Under this model, buyers can make the decision on how much royalties to pay.
  • Playing card brand Bicycle bought a Bored Ape Yacht Club NFT for US$187,000. The brand plans to create and sell physical playing cards based on the Ape. Bicycle specifically chose an Ape with a joker playing card in a helmet — only 2% of the 10,000 Apes have this attribute.
  • NFT fantasy sports gaming platform Sorare is launching a free-to-play digital collectible-based fantasy basketball game in partnership with the NBA. Players can collect NFT trading cards featuring NBA basketball players, as well as assemble and manage teams.
  • X2Y2 recorded a -30% decrease in sales and a -10% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +39% and its transaction count also increased +66%.
  • The total market cap for GameFi tokens now stands at $7.2 billion, down -7% from last week. NFT in the Spotlight

NFT Highlights

GameFi Highlights

NFT Transaction Benchmark

Screen Shot 2022 10 21 At 8.51.30 Pm

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 NFTLoaded Lions$99,000
MintedVVS Miner Mole$59,000
Magic EdenDeGods$2,235,000
OpenSeaCryptoPunks$3,623,000 NFT
CollectionLoaded Lions
Sales Volume (USD)$99,000
CollectionVVS Miner Mole
Sales Volume (USD)$59,000
PlatformMagic Eden
Sales Volume (USD)$2,235,000
Sales Volume (USD)$3,623,000

GameFi Top Gainers & Losers

Screen Shot 2022 10 21 At 8.57.49 Pm

Top Games Metrics

Screen Shot 2022 10 21 At 8.58.43 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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