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NFT & GameFi Weekly (23/09/2022)

NFT marketplace OpenSea has integrated Arbitrum. Funko is teaming up with Warner Brothers for DC Comics’ NFT release. Bandai Namco and SEGA to spur mainstream blockchain gaming adoption.

Sep 23, 2022
Weekly NFT and Gamefi Newsletter

Key Takeaways

  • NFT marketplace OpenSea integrated Ethereum scaling solution Arbitrum. This was carried out on 21 September, adding to the four existing blockchains on OpenSea (Ethereum, Solana, Polygon, and Klaytn). Users are now able to buy and sell all Arbitrum One NFTs on OpenSea.
  • Pop culture retail brand Funko is teaming up with Warner Brothers for DC Comics’ NFT release. DC fans who purchase the physical comic book collectible can connect their crypto wallet and claim the NFT version online, which is minted on the WAX blockchain.
  • Bandai Namco and SEGA are among several video game giants that are working to spur mainstream blockchain gaming adoption. In an interview at Tokyo Game Show 2022, the companies reiterated that they have a long-term vision for blockchain-based gaming.
  • X2Y2 recorded a -32% decrease in sales and a +32% increase in transactions. Meanwhile, OpenSea‘s sales were positive at +41% and its transaction count also increased +53%.
  • The total market cap for GameFi tokens now stands at US$8.82 billion, up +5% from last week.

Crypto.com NFT in the Spotlight

  • Escape From Egret Bridge” is the latest collection in the world of The Longclaw Teahouse, a world inspired by illustrator Fionn Jordan’s travels in Asia Pacific that gets a little bigger with every illustration he creates.
  • Magical cryptocurrency mumbo jumbo was used to transform a sacred text into “Own Every Word”, an NFT project that allows one to own all words ever created. This 500-piece drop boasting brand-new words features 200 special-edition Pirate Booty words with an animated 8-bit background.

NFT Highlights

GameFi Highlights

NFT Transaction Benchmark

Screen Shot 2022 09 23 At 7.57.01 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
Crypto.com NFTLoaded Lions$119,000
MintedCronos Cruisers$1,282,000
Magic EdenY00ts: mint t00bs$1,915,000
OpenSeaRENGA$4,510,000
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$119,000
Sample
PlatformMinted
CollectionCronos Cruisers
Sales Volume (USD)$1,282,000
Sample
PlatformMagic Eden
CollectionY00ts: mint t00bs
Sales Volume (USD)$1,915,000
Sample
PlatformOpenSea
CollectionRENGA
Sales Volume (USD)$4,510,000
Sample

GameFi Top Gainers & Losers

Screen Shot 2022 09 23 At 8.03.36 Pm

Top Games Metrics

Screen Shot 2022 09 23 At 8.04.38 Pm

Daily Gamers by Blockchain

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.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

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.


Author

Research and Insights Team


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