NFT & GameFi Weekly (26/08/2022)

Nike’s NFT-related projects made over US$185M in revenue. An NFT from the Pudgy Penguins collection sold for 400 ETH. Splinterlands surpassed the 3 billion games played milestone.

Key Takeaways

• Nike’s NFT-related projects have made over US$185 million in revenue, positioning the brand as the biggest earner in the space. Dolce & Gabbana and Tiffany & Co. are the next largest brands at $26 million and $13 million, respectively.
• An NFT from the Pudgy Penguins collection sold for 400 ETH (around $600K). In the long-term, the project aims to introduce a range of physical plush toys and a children’s book.
• On 24 August, Splinterlands announced that it surpassed the 3 billion battles milestone. The trading card game previously passed the 2 billion threshold in March 2022.
• X2Y2 recorded a -16% decrease in sales and a -18% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +50% and its transaction count also increased +48%.
• The total market cap for GameFi tokens now stands at US$9.63 billion, down -3% from last week.

Crypto.com NFT in the Spotlight

• “Shining Harmony” consists of digital sculptures created using procedural geometry and shapes found in nature. It is a tribute to nature, the universe, and the synergy that exists in its functioning. The abstract sculptures imitate the flow of nature, creating new meaning in their own reality through colour and form.
• Wickana is an Indonesia-based illustrator and visual artist who loves to create metaphoric and beautifully disturbing imagery. “The Dream Archive” is a collection of visual interpretations inspired by recurring dreams. Each image emerges from our minds as a reflection of what we experienced in our waking state.

NFT Highlights

• Pudgy Penguins Ethereum NFTs pump 83% as Meta, Nansen execs join advisory board
• NFT lending protocol BendDAO proposes emergency changes amid credit crisis
• Telegram founder floats new auction marketplace
• NFT platform SudoRare vanishes with 519 Ethereum
• ERC-4907: The NFT Rental Standard

GameFi Highlights

• Ready Player Me, a platform to build dynamic cross-game avatars for virtual worlds, raises $56M led by a16z
• Polygon launches Web3 gaming ecosystem GameSwift
• Axie launches Season 0 with great promise but what about AXS
• Axie Infinity Origin S0 update: balancing & bug fixes
• DeFi Kingdoms to leave Harmony for metaverse-focused blockchain
• Entertainment blockchain company MetaSolare announces new project for “MusicFi”, “AnimeFi”, and “GameFi”

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:

GameFi Top Gainers & Losers

Top Games Metrics

Daily Gamers by Blockchain

Authors

Research and Insights Team

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