NFT & GameFi (Week 32, 12/08/2022 – 18/08/2022)

Crypto.com partners with Cronos-based marketplace Minted. OpenSea is changing its stolen NFT policy. Axie Infinity has surpassed US$4 billion in all-time sales.

Aug 19, 2022
Weekly NFT and Gamefi Newsletter

Key Takeaways

  • Crypto.com partners with Cronos-based marketplace Minted, allowing Ethereum-based blue-chip NFTs to be listed alongside Cronos-based ones. The marketplace will support over 10 million NFTs across 2,800 projects.
  • OpenSea is changing its stolen NFT policy following user outcry. In order to prevent false reports, the platform now requires a police report to be submitted within seven days of flagging an NFT as stolen.
  • Axie Infinity has surpassed US$4 billion in all-time sales. Meanwhile, the game’s management is removing SLP rewards from the classic game mode, moving them to Axie Infinity Origin (V3) instead.
  • X2Y2 recorded a -15% decrease in sales and a -35% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +36% and its transaction count also increased +37%.
  • The total market cap for GameFi tokens now stands at US$9.96 billion, down -8% from last week.

Crypto.com NFT in the Spotlight

  • The “Own Every Word: School’s Out” drop features 200 new summertime words with an 8-bit animated background that will never be used again. A wizard and hapless group of comedians used magical cryptocurrency mumbo jumbo to transform a sacred text into Own Every Word, an NFT project that allows collectors to own all the words ever created.
  • Inferno” is an exploration of wildland fire fighting in the Pacific Northwest of the United States, and uses drones created to mimic the appearance of local wildlife. This project is created by Robert Chew, a concept artist with six years experience at Gearbox Software working on the Borderlands franchise (Borderlands 3) and Battleborn.

NFT Highlights

GameFi Highlights

NFT Transaction Benchmark

NFT Transaction Benchmark table

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$273,300
MintedVVS Miner Mole$154,080
Magic EdenOkay Bears$692,655
OpenSeaBored Ape Yacht Club$6,421,058
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$273,300
Sample
PlatformMinted
CollectionVVS Miner Mole
Sales Volume (USD)$154,080
Sample
PlatformMagic Eden
CollectionOkay Bears
Sales Volume (USD)$692,655
Sample
PlatformOpenSea
CollectionBored Ape Yacht Club
Sales Volume (USD)$6,421,058
Sample

GameFi Top Gainers & Losers

GameFi Top Gainers and Losers

*Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX
*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT, DAR, AURY, APE, PYR
*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV

Top Games Metrics

GameFi Top Games Metrics

* Week-on-Week (WoW) % change is calculated based on the differences between two consecutive seven-day periods
* Users refer to the number of unique wallet addresses interacting with the dApp’s smart contracts
* Weekly Volume refers to the total amount of incoming value to the dApp’s smart contracts during the seven-day period

* Weekly Transactions refer to the no. of transactions made on the dApp’s smart contracts during the seven-day period
* Stickiness refers to the ratio of daily active users (DAU) to monthly active users (MAU). A high stickiness means users consistently return to the dApp.

* Weekly volume using Splinterlands data is approx US$359K.
*
Alien Worlds, Splinterlands, MOBOX, Sunflower Land, Pegaxy, SecondLive, Axie Infinity, DeFi Kingdoms data 
from DappRadar
* STEPN data from Dune Analytics

Daily Gamers by Blockchain

Authors

Research and Insights Team


Get fresh market updates delivered straight to your inbox:

Subscribe to newsletters 

Be the first to hear about new insights:

Follow us on Twitter

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens