NFT & Blockchain Gaming Weekly (07/07/2023)

Yuga Labs releases HV-MTL Forge game. Credit Suisse partners with the Swiss Football Association to release an NFT collection. Dior announces sneakers with “digital twins” on Ethereum.

Jul 07, 2023
Crypto.com NFT and Gaming

Chart of the Week

The floor price of blue-chip NFT collection ‘Azuki’ was down more than 60% in the past week after its Elementals collection mint. The mint appeared to be successful, and the collection sold out in 15 minutes, earning US$38 million worth of ETH. However, the hectic minting process, release of identical art to the original collection, and lack of innovation in the roadmap sparked a backlash from the community. Mass selloffs of other Azuki collections soon followed.

Azuki Volume and Floor Price

New Project Spotlight

NFT Collectibles

[COMING SOON] Aliens in Cyberspace is a project by Nibera, an interdisciplinary visual artist. Dropping on 10 July on Crypto.com NFT, it features the virtual world of Cyberspace, which faces the threat of invasion from an unknown species of aliens.

Image1 2

[COMING SOON] Anatomy of Emotions is a collection by Igor Martins, a multidisciplinary artist and the founder of a motion and VFX studio. This drop explores the contrast between emotions we reveal to others and the ones we feel. The collection goes live on Crypto.com NFT on 14 July.

Image12

Blockchain Games

[LIVE] The Cronos ecosystem update for July 2023 features various games across multiple genres that can now be played on Cronos, including D.G.Pals, Eyeball Games, Marble Verse, and Bored Candy City.

Image22

[LIVE] CroskullAdventure Season 5 has reached 6,036 Croskulls, a 3% burned GRVE index, and 177 pet eggs minted. In addition, Croskull has partnered with Boring Security, a project that aims to keep the NFT and crypto community safe by providing classes and informative articles.

Image21

NFT Metrics

The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:

PlatformCollectionSales Volume (USD)Floor Price 
(USD)
Sample
OpenSeaBored Ape Yacht Club$33,300,000
(-10%)
$57,400Image10 1
OpenSeaAzuki$29,600,000
(-46%)
$12,500Image11 1
Crypto.com NFTLoaded Lions$33,500
(-28%)
$1,300Image25
Crypto.com NFTCrypto.com Expedition Gear$17,200
(+12%)
$9Image24
MintedCronos Cruisers$12,100
(—)
$450Image13
MintedAtlantis Spaceships$11,000
(+44%)
$30Image4 2
PlatformOpenSea
CollectionBored Ape Yacht Club
Sales Volume (USD)$33,300,000
(-10%)
Floor Price 
(USD)
$57,400
SampleImage10 1
PlatformOpenSea
CollectionAzuki
Sales Volume (USD)$29,600,000
(-46%)
Floor Price 
(USD)
$12,500
SampleImage11 1
PlatformCrypto.com NFT
CollectionLoaded Lions
Sales Volume (USD)$33,500
(-28%)
Floor Price 
(USD)
$1,300
SampleImage25
PlatformCrypto.com NFT
CollectionCrypto.com Expedition Gear
Sales Volume (USD)$17,200
(+12%)
Floor Price 
(USD)
$9
SampleImage24
PlatformMinted
CollectionCronos Cruisers
Sales Volume (USD)$12,100
(—)
Floor Price 
(USD)
$450
SampleImage13
PlatformMinted
CollectionAtlantis Spaceships
Sales Volume (USD)$11,000
(+44%)
Floor Price 
(USD)
$30
SampleImage4 2
As of 7 Jul 2023 Sources: OpenSea, Minted, Crypto.com Research

Blockchain Game Metrics

The following table shows select top games by weekly Unique Active Wallets (UAW):

GameBlockchain(s)UAWVolumeLogo
SplinterlandsHive, WAX114K
(+30%)
$0.7KImage20 2
Hippo Dash by GametaBNB Chain97K
(+1%)
$0.4KImage8 5
Carrom BlitzFlow93K
(+75%)
$10KImage2 1
IskraKlaytn, Ethereum79K
(-71%)
$64KImage14 1
DeFi KingdomsHarmony, Avalanche75K
(+11%)
$1.1MImage13 1
GameSplinterlands
Blockchain(s)Hive, WAX
UAW114K
(+30%)
Volume$0.7K
LogoImage20 2
GameHippo Dash by Gameta
Blockchain(s)BNB Chain
UAW97K
(+1%)
Volume$0.4K
LogoImage8 5
GameCarrom Blitz
Blockchain(s)Flow
UAW93K
(+75%)
Volume$10K
LogoImage2 1
GameIskra
Blockchain(s)Klaytn, Ethereum
UAW79K
(-71%)
Volume$64K
LogoImage14 1
GameDeFi Kingdoms
Blockchain(s)Harmony, Avalanche
UAW75K
(+11%)
Volume$1.1M
LogoImage13 1
As of 7 Jul 2023 Sources: DappRadar, Crypto.com Research

Gaming Token Performance

The total market cap for gaming tokens now stands at US$9.5 billion, down -0.5% from last week.

Gaming Top Gainers and Losers 7 Jul

News Highlights

  • Yuga Labs has released its latest game experience, HV-MTL Forge, which blends Tamagotchi-style pet care with world-building and social strategy. Currently, only holders of HV-MTL NFTs are able to fully experience the browser-based game; however, they can delegate their NFTs to another Ethereum wallet to allow a friend to play.
  • Credit Suisse is partnering with the Swiss Football Association (SFA) to release an NFT collection set to launch on 11 July. The collection comprises 756 NFTs on the Ethereum blockchain that feature talented female football players from SFA.
  • French fashion house Dior has announced a line of men’s sneakers with “digital twins”. Each pair of shoes costs $1,350 and will be linked to a corresponding NFT minted on the Ethereum blockchain.
  • Apparel giant Lacoste has introduced an interactive Web3 experience where fashion NFTs can be turned into digital cards. Users can complete game missions and receive points, increasing the rarity of their cards in the process.

Recent Research Reports

   
Jun 2023 Zk RollupsJune 2023 Layer 0Alpha Navigator Institutional Report
The Development of ZK Rollups: Zero-knowledge rollups (ZK rollups) are still in their nascent stage. However, as the technology evolves, various methods to achieve compatibility with the Ethereum Virtual Machine (EVM) have emerged.Layer-0: Infrastructure for Customised Blockchains: Layer-0 protocols are the infrastructure that customised Layer-1 blockchains can be built on. We explore notable projects like Cosmos, Polkadot, Avalanche, LayerZero, and zkLink.Alpha Navigator: Quest for Alpha [June 2023]: Asset classes finished the first half of 2023 strongly, with crypto in the lead. Decelerating US inflation readings could ease market concerns for the time being, while BTC options implied volatilities remain muted.
 Jun 2023 Zk Rollups
 June 2023 Layer 0
 Alpha Navigator Institutional Report
 The Development of ZK Rollups: Zero-knowledge rollups (ZK rollups) are still in their nascent stage. However, as the technology evolves, various methods to achieve compatibility with the Ethereum Virtual Machine (EVM) have emerged.
 Layer-0: Infrastructure for Customised Blockchains: Layer-0 protocols are the infrastructure that customised Layer-1 blockchains can be built on. We explore notable projects like Cosmos, Polkadot, Avalanche, LayerZero, and zkLink.
 Alpha Navigator: Quest for Alpha [June 2023]: Asset classes finished the first half of 2023 strongly, with crypto in the lead. Decelerating US inflation readings could ease market concerns for the time being, while BTC options implied volatilities remain muted.

Recent University Articles

   
What Is ShardingBitcoin's Scalability Problem Solutions And ChallengesCryptocurrency Futures And Derivatives A Growing Market
What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works.Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.Cryptocurrency Futures and Derivatives: A Growing Market: Explore the rapidly expanding world of crypto futures and derivatives, and learn about their impact on the digital asset market.
 What Is Sharding
 Bitcoin's Scalability Problem Solutions And Challenges
 Cryptocurrency Futures And Derivatives A Growing Market
 What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works.
 Bitcoin Scalability: Challenges and Solutions: This article explores the various challenges associated with Bitcoin’s scalability problem, with potential solutions while maintaining network security.
 Cryptocurrency Futures and Derivatives: A Growing Market: Explore the rapidly expanding world of crypto futures and derivatives, and learn about their impact on the digital asset market.

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Authors

Research and Insights Team

Disclaimer

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